Business Finance

Business Loans Tailored to Your Needs

Our financial experts can help to gain access to a wide range of business finance to help you get ahead. Here are the top business loan options you might consider:

Term Loans

Term loans are loans for equipment, real estate and working capital that are paid off for typically between one and twenty-five years. Interest rates for term loans can be fixed or variable, and you can choose a repayment option that meets your business’ cash flow needs. Intermediate-term loans are less than three years, and long-term loans are for three to twenty-five years.

Invoice Finance

Invoice financing is a form of short-term borrowing based on unpaid invoices. It is structured most commonly via:  

Invoice factoring, where the company sells its unpaid invoices to the lender who typically pays them 70% - 85% of the value of the invoices, upfront. Once full payment for the invoices is collected, the lender will remit the remaining amount to the business. The business will then pay interest and/or fees for this service. 

Invoice discounting, which requires the business, not the lender, to collect customer payments. The lender will pay up to 95% of the invoice amount to the business, and when customers pay the invoices, the business repays the lender with an additional service fee (or interest).

Commercial Bill

A commercial bill is a written agreement in which the borrower agrees to repay a sum of money (face value) to the financier at a future date, usually between 1 and 10 years. The borrower sells the agreement to the financier and receives the discounted proceeds (face value minus interest).

There are ‘rollover’ periods during the term of the loan at which the amount borrowed and the interest rate may be recalculated. Rollover periods (repayment dates) are typically between 1 and 180 days, and interest is paid at each rollover.