Line of Credit (LOC) Features and Benefits

• Variable rates and lines of credit from $50,000.00 to $20,000,000.00
• Monthly payments range from interest only to fixed principal plus interest, based upon your business needs
• Terms up to three years
• Access and control of the line of credit in your hands with designated checks, multiple draws and pay downs
• Small businesses may qualify for total credit up to $1,000,000

Planning for long‐term growth

If you are planning a fixed asset purchase, making an acquisition or have other permanent working capital needs, with a Scotia Term Loan, your loan can be amortized for periods up to 5 years with fixed or variable rates that are designed around your specific needs and our local, experienced decision makers will be with you during each step of the process.

Term Loans Features and Benefits

• Longer term (5‐7 years) financing for expansion projects, equipment, or tenant improvements
• Tailored and anticipated repayment terms over a fixed period of time
• Fixed or floating interest rates
• Secure by collateral that can include business assets, vehicles, equipment or accounts receivable
• Flexible and personalized to your business needs