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Innovation Federal Credit Union

Listed
Credit union for canada Small Business Financing Program and equipment financingSwift Current, SaskatchewanBased in Saskatchewan; service area not yet provided
BBLL 000122Listed Oct 2026From public recordsLast checked Oct 31, 2026
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About

Innovation Federal Credit Union offers business and agricultural financing for non-land assets, alongside a distinct Canada Small Business Financing program. Application-specific underwriting determines the actual offer.

Credit union. Member owned, and makes business loans to member businesses.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Canada Small Business Financing ProgramEquipment financingBusiness lines of creditTerm loansWorking capital loans
From the lender's own site and public records.

A second look at Innovation Federal Credit Union

Innovation Federal Credit Union offers business and agricultural financing for non-land assets, alongside a distinct Canada Small Business Financing program. Application-specific underwriting determines the actual offer.

Direct federal credit-union lender; personal-loan terms and credit-score thresholds are not applied to these business products.

Published by Levr, not by Innovation Federal Credit Union. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Business loans

Scope
Equipment, inventory, operating finance, credit lines and leasing are listed; the general business-loan details specify non-land assets.
Published terms
Minimum credit limit C$5,000; terms up to 10 years. Interest compounded annually; application fees apply.
Application
Business advisor reviews a business plan and financial performance. New businesses may need owner employment and income information; professional documentation costs are borne by the borrower.

Provider sources: Business loans · Business lending commitments

Canada Small Business Financing

Uses and limits
Up to C$1 million for real property, with a C$500,000 equipment/leasehold category that includes up to C$150,000 for intangible assets or working capital.
Repayment and fees
Page offers repayment within 15 years and potential principal deferral up to 11 months. Federal registration fee is 2%; administration fees may also apply.
Eligibility
Canadian businesses or startups; farming excluded. Confirm the current revenue boundary and separate term-loan/LOC caps.

Provider sources: CSBF program

When it may fit

Our assessment of the published programs

  • Useful for a non-land equipment or inventory investment, or for comparing CSBF financing with conventional credit-union borrowing.

What to weigh carefully

  • Do not treat the advertised C$1.15 million program headline as a single term-loan limit.
  • The earliest advertised one-business-day decision depends on the file; the advisor estimates timing based on complexity.

Questions before you accept an offer

  1. Which product supports my asset purchase?
  2. Does the principal deferral increase total interest or the later payment?
  3. What security and professional fees are required?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

TD

Compare TD Canada CSBF loans and lines separately.

BDC

Compare BDC equipment and working-capital financing.

The lender

Type
Credit union
Legal name
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Founded
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Charter
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Headquarters
Swift Current, Saskatchewan
Service area
Based in Saskatchewan; service area not yet provided
Meets in person
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Languages
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Program approvals
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Also lends to consumers
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Website
innovationcu.ca
LinkedIn
Company page

Loan officers at this lender

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