Business term loans
- Starting amount
- C$10,000 for fixed-rate loans and C$5,000 for variable-rate loans.
- Term and security
- Typically secured for up to seven years, not beyond the financed asset’s useful life. Real-estate amortization can extend to twenty-five years depending on property type.
- Early repayment
- Fixed-rate loans advertise 10% annual prepayment privileges. Variable-rate loans allow partial or full prepayment without penalty and may convert to a fixed rate.
- Uses and currency
- Business property, equipment and eligible refinancing. Canadian funds only.
Provider sources: Term-loan structures and early payment

