What do you want most in a loan? Great rates? Flexible terms? Customized packages? A Business Loan at iQ Credit Union comes with all of the above. And since we’re headquartered in Vancouver, decision-making is more than quick, it’s local.
Lines of Credit
An iQ Business Line of Credit will allow you to borrow as much as you need, precisely when you need it. You may borrow a set amount and pay it down repeatedly, balancing your cash flow needs with this ready source of short-term funds. A Line of Credit is simple and easy to use, and is an excellent financial tool to:
- Cover short-term cash needs until accounts receivable can be collected
- Take advantage of supplier discounts
- Cover seasonal working capital needs
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A Line of Credit is most often secured by accounts receivable, inventory, and other business assets, and is renewable annually.
Term Loans
Term loans are a great way to finance major expenditures. Term loans are commonly used for:
- Purchases of machinery, equipment, furniture, fixtures, and to make leasehold improvements
- Additions to long-term working capital
- Expansion or modernization of facilities
- Vehicles or other business transportation
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The source of repayment is often generated by the enhanced cash flow from these assets. The loan period is determined by the productive life of the assets. For example, loans used to buy computers and office equipment will be shorter in duration than those used to purchase manufacturing equipment.
Commercial Real Estate Financing
When it’s time to buy or build the perfect office building, or when you’ve outgrown your current space, it’s time for a commercial real estate loan. We offer highly competitive financing for commercial real estate, including the purchase or refinancing of:
- Commercial properties, both owner and non-owner occupied
- Rental housing, apartment or mixed-use properties
- Construction and land development
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Professional Platinum Visa
At iQ Credit Union, we know you’re busy running your business, and that you need creative financial solutions to help you stay on top of the game. That’s why we offer a Visa card to meet the unique financial needs of your business. A Visa business card from iQ Credit Union offers:
- Quarterly cash rebates up to $1,200 per year
- Great low rates
- Convenience — Visa is accepted by millions of merchants nationwide
- Detailed monthly statements that make it easy to track business expenses
- Improved cash flow
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Click here to download an application |
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