FAQ

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.