ONLINE BANKING
LOG IN

Corporate Banking Services Cash Secured Loans

A cash-secured loan is a type of credit that has cash as collateral.  In contrast to other secured loans (mortgages), this loan is extended when a borrower can prove that he or she has cash to protect the lender's (bank) investment. These loans are usually structured to be repaid within five (5) years.


Cash secured loans features:

  • Used to purchase inventory, materials, vehicles and equipment
  • Provides a one time lump sum with fixed monthly repayments
  • Competitive rates of interest
  • Lets you use your Certificate of Deposit or savings to secure the loan

 

Cash secured loans requirements:

  • Company financials of the two (2) most recent years
  • Company Bank statements (if not a BdC client)
  • Personal guarantees by company owner(s), BdC net worth statement must be completed and submitted

Make an appointment with an account manager.

Contact us