A Term Loan for business™ gives you quick access to cash for fixed assets such as: new or used equipment, commercial vehicles, owner-occupied commercial real estate property, renovations or leasehold improvements. Term loans are also available as part of our Scotia Total Equity® Plan, an innovative solution that can help reduce the cost of your borrowing.

Features

A Term Loan for business provides:¹

• loans up to $500,000
• competitive fixed or floating interest rates
• financing for purchases made up within the last six months from the loan application date
• optional life insurance
• up to five-year term (up to a 15-year amortization)
• real estate amortizations up to 15 years for industrial property, or 20 years for commercial property

Benefits

• fixed or variable monthly payments to help manage your cash flow
• Government-Guaranteed Loans - a Term Loan for business may qualify as a government-guaranteed loan. Contact your Scotiabank branch for details.

		Take the next step... Apply using our online application, if:  you are requesting an amount up to $50,000  you have been in business two years or more Apply in person at a Scotiabank branch, if:  you are requesting an amount over $50,000  you have been in business less than two years Contact a Small Business advisor Call us at 1-877-552-5522

¹ Excluding federal government guaranteed loans.