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Borrowing
Build your business using lending solutions tailored to your needs.
Choose from a range of short-term and long-term lending solutions for your business, commercial operation, or farm.
Lending solutions for growing Manitoba businesses:
Access Credit Union offers a complete line of business and agriculture loans, mortgages, and lines of credit to commercial operations.
Whether it’s an operating line of credit, term loan, business mortgage, a start-up, expansion, acquisition, or a carefully planned succession, we are here to help keep your business running smoothly.
Contact our Business Banking Centre today to talk about your borrowing options: 1.800.264.2926.
Every business is different. We’ll listen to your needs and work with you to develop the borrowing program that fits your situation best.
Why work with us for your business lending needs?
- Local decision-making means you get fast answers and are kept informed throughout the process.
- We stay flexible, so we can adapt to meet your unique needs. We work for you to develop tailored solutions to meet your business goals and aspirations.
- Our options range from term loans and mortgages to operating lines and letters of credit. We are committed to the Manitoba businesses that contribute to our local economy, community, and people.
- We offer expert advice, leaning on both Provincial and Federal Loan Programs in order to help you meet your financing needs.
Mortgages
Make your dream of owning your own business property a reality. A business mortgage can help finance a large project - such as purchasing or expanding your business premises, finance new property, or consolidate business debts.
- Competitive interest rates
- Free access to online banking to monitor your mortgage online
- Flexible terms and amortizations suitable for all property owners and investors
Loans
A growing business needs access to funds to stay competitive and meet evolving needs. Whatever the size and nature of your business our borrowing solutions can help you succeed.
- Competitive interest rates
- Free access to online banking to monitor your loan online
- Dedicated Business Banking team with local knowledge and decision-making ability
- Flexible financing solutions with fixed or variable terms
- Cash flow solutions to manage day-to-day operations
- Quick and easy access to all your funds at all times
- U.S. dollar loans
Lines of Credit
Perfect for covering day-to-day operating costs or pursuing time-sensitive business opportunities. Borrow what you need and only pay interest on what you use.
- Easy access to money once your line of credit is set up
- Linked to your primary Access chequing account so funds transfer automatically
Letters of Credit
A Letter of Credit is a guarantee that work will be done. If the contract is not fulfilled, the funds from the Letter of Credit are used to pay a third-party a specified amount, upon their request. Letters of Credit can be funded with existing capital from the business or by borrowed money in the form of a loan.
- Eliminate the need to deposit cash directly with the beneficiary
- Competitive rates
- Flexible terms—including annual renewals—available
Business Mastercard
Select from three premium business credit cards to find the best one for your business: No Fee Cash Back, Low Rate, and Platinum.
- Zero Liability (you’re only responsible for purchases you’ve authorized)
- Mastercard Global Service helps you with reporting a lost or stolen card, obtaining an emergency card replacement, or receiving an emergency cash advance
- 3D Secure gives you an extra layer of protection
- Breeze through checkout faster with Mastercard contactless payments
Let us help you determine the right card for your business.
Canada Small Business Financing Program
Access Credit Union is a qualified lender of CSBFP. The Program, under the Canada Small Business Financing Act, can assist businesses in obtaining term loans and capital leases.
Most small businesses starting up or operating in Canada are eligible as long as their estimated annual gross revenues do not exceed $10 million during the fiscal year in which they apply for a loan or a lease. Businesses may be operated as sole proprietorships, partnerships, or incorporated companies. *NEW* As of June 30, 2021, not-for-profit, charitable, and religious enterprises are eligible for this program.
Canada Emergency Business Account
CEBA applicants are now eligible to receive a $60,000 loan. If you are a CEBA applicant who has received the $40,000 CEBA loan, you may apply for the CEBA expansion for an additional $20,000 of financing.
HASCAP Canada
The Highly Affected Sectors Credit Availability Program (HASCAP) is designed to provide guaranteed, low interest, loans between $25,000 to $1 million to Canadian small businesses that were heavily impacted by COVID-19.
- Up to $1 million in funding
- Guaranteed loans
- Low interest and flexible terms
Business Mortgages
Make your dream of owning your own business property a reality. Our competitive interest rates and flexible payment options can maximize your cash flow and revenue.
An Access business mortgage can help finance a large project (such as purchasing or expanding your business premises), finance new property, or consolidate business debts.
Talk to one of our local Business Banking lenders today to get started on your business mortgage application: 1.800.264.2926
Let us find you the right cash flow solution for managing your day-to-day operations.
Owning your business property provides flexibility and creates opportunities to maximize revenue.
Our loan options for Agriculture and Commercial businesses include:
- Competitive interest rates
- Flexible payment options and terms to ensure your cash flow is managed effectively
- Re-advancements
- Dedicated Business Banking team with local knowledge and decision-making ability
- Free access to online banking
- Flexible amortization periods
Business Loans
Get competitive rates and flexible terms on every business loan. Partner with a dedicated Business Banking team with local knowledge and decision-making ability.
Our team of Business Account Managers are regionally situated and understand the needs of local business owners.
Talk to one of our local Business Banking lenders today to get started on your loan application: 1.800.264.2926
Let us find you the right cash flow solution for managing your day-to-day operations.
A growing business needs access to funds to stay competitive and meet its needs. Whatever the size, type, or stage of your business, we have borrowing solutions to help you succeed.
Our loan options for Agriculture and Commercial businesses include:
- Fixed or variable term options
- Competitive variable interest rate based on prime and type of collateral offered
- Funds in Canadian or U.S. dollars
- Free access to Access online banking to monitor your loan online
- Quick and easy access to all your funds at all times
There are no monthly monitoring charges and no set repayments; only regular deposits are necessary.
Business Lines of Credit
Borrow what you need and only pay interest on what you use. Perfect for covering day-to-day operating costs or pursuing time-sensitive business opportunities.
What do you need to get the right line of credit for your business?
Collateral can include accounts receivable and inventory margined monthly based on an agreed upon formula. Cash or mortgage security may also be pledged.
Talk to one of our local Business Banking lenders today to get started on your business mortgage application: 1.800.264.2926
Let us find you the right cash flow solution for managing your day-to-day operations.
Our dedicated Business Banking team, with local knowledge and decision-making ability, can open a line of credit for you that will help meet your cash flow and revenue growth goals.
- Competitive variable interest rate based on Prime and type of collateral offered
- Flexible repayment options
- Easy access to money once your line of credit is set up
- Linked to your primary Access chequing account so funds transfer automatically
- U.S. Lines of Credit available to avoid currency exchange