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Business Banking

Business Loans

ECAB is committed to providing the resources necessary to fulfill your corporate financing needs.  We provide a full range of products and solutions designed around the particular needs of your business, including.

  • Overdrafts for short-term working capital
  • Business loans for equipment purchases, acquisition financing, debt restructuring and working capital to meet your timetable, budget, cash flow needs and business goals.
  • Commercial real estate loans for buying or refinancing your owner-occupied real estate  

Get the customized financing you need, and discover an array of banking solutions to simplify your everyday financial management. Our overdraft facilities are tailored to meet your specific funding needs.  We offer a cost-effective line of credit to help you alleviate cash flow shortages, expand inventory, adjust to seasonal needs, and give you the capability to write cheques with confidence knowing that you are protected against unexpected deficits.

Loans

Features & benefits

Requirements

Business Loans

 

  • Up to 80% financing available
  • Attractive credit rates starting at 10%
  • 15-year maximum repayment term.
  • Speedy approvals.
  • No penalty for accelerated payments.

     

  • Legal Documents – Certificate of Incorporation
  • Memorandum & Articles of Association
  • Business Name Certificate
  • Certificate of Good Standing
  • Board Resolution to borrow
  • Business Plan
  • Audited Financial Statements for 3 consecutive years
  • Cash Flow Projections for 12 months.
  • Other requirements may vary.  Speak to your corporate loan advisor for specific details.

Commercial Mortgages

  • Up to 75% financing.
  • Attractive credit rates starting at 9.50%
  • 15-year maximum repayment term.
  • Speedy approvals.
  • No penalty for accelerated payments.
  • Loan proceeds disbursed in accordance with fixed price contract.
  • Legal Documents – Certificate of Incorporation
  • Memorandum & Articles of Association
  • Business Name Certificate
  • Certificate of Good Standing
  • Board Resolution to borrow
  • Audited Financial Statements for 3 consecutive years
  • Cash Flow Projections for 12 months.
  • DCA Approved Building Plans
  • Construction estimate provided by contractor
  • Fixed price construction contract.
  • −  Valuation of land and proposed building from reputable evaluators recommended by ECAB.
  • Property Insurance assigned to the bank.

Overdrafts

  • Increased purchasing power
  • Attractive credit rates
  • Speedy approvals.

 

  • Legal Documents – Certificate of Incorporation
  • Memorandum & Articles of Association
  • Business Name Certificate
  • Certificate of Good Standing
  • Board Resolution to borrow
  • Audited Financial Statements for 3 consecutive years
  • Cash Flow Projections for 12 months.
  • Security in the form of cash and/or property.