How much is the interest?
We charge bank prime, (the standard rate set by Canada’s lending institutions), plus 1.25% for business loans or 1.9% for foreign credential loans.
What other fees are there?
A one-time admin fee of 5% is applied to business loans.
How long are the terms?
Our terms are 12-36 months for business loans, 48 for foreign credential loans.
Do you offer grants?
- No, however you may find information on grants at www.CharityVillage.com.
What types of business qualify for a loan?
We support any business as long as it does not promote illegal activities, violence or sexual exploitation.
Refer to our terms and conditions for more details.