Loans available for operating purposes, capital acquisitions, and other cash flow requirements with repayment terms tailored to your business/farm needs.

Canadian Small Business Financing Act (CSBFA)

CSBFA loans are available to qualified Small Businesses in Canada (less than $5 million in Annual Gross Revenues).

With as little as 10% down the borrower can apply for a loan up to $250,000. Repayment terms to a maximum of 10 years, with fixed and floating rate options.

Line of Credit

Wetaskiwin Credit Union offers a revolving Credit Line, which can be directly linked to your business account.

Interest is paid monthly and can be structured with or without a set principal repayment. Interest Rate is determined by credit history, financial strength and security.

Mortgage Loans

Business and Farm Mortgages are available, with interest terms up to 5 years and amortizations terms up to 25 years, depending on type of property.

A variety of repayment plans are available, as well as open and closed mortgage options. Fixed and Floating rates are available.

Overdraft Protection

Overdraft Protection provides peace of mind in avoiding potentially stressful or embarrassing situations which can be caused by something as simple as a book-keeping error.

Overdraft Protection will cover you up to your approved limit and must revolve fully at least once throughout the year. Interest Rate is determined by credit history, financial strength and security (if applicable).

Term Loans

Financing is available for acquiring assets (i.e. equipment, machinery), refinance existing debt, or purchase a new or existing business.

Interest rates are available on a Fixed or Floating Rate basis.