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BUSINESS LENDING FOR ANY SITUATION

Whether you need to acquire new property, expand current facilities, refinance existing debt, purchase equipment, or assistance with working capital, our team is here to develop a flexible solution for your business needs, because we know that every business is different.

Business with Dollar Sign

New Property

Renting vs. buying is a crucial consideration for business owners. We can help businesses build for long-term financial health

Business with Dollar Sign

Expand

Growth and expansion can be key goals for business owners and entrepreneurs. Let us help you grow your business to the next level

Two coins in rotation for refinance

Refinance

Just like a home mortgage, refinancing can increase your cash flow, consolidate debt, leverage the equity to add assets or expand your operations

Hand Holding Money

Make a Purchase

Loans to purchase new or used equipment, so you can expand and modernize operations, and replace out-of-date machinery

 

Canadian Emergency Business Account (CEBA)

Please visit the CEBA program website at ceba-cuec.ca for more details

 

 

MOTOR CITY'S COMMERCIAL LENDING TEAM

Steve Schincariol

Vice President, Commercial Operations

Fabio Cesca

COMMERCIAL ACCOUNT MANAGER

Shawn Knowles

COMMERCIAL ACCOUNT MANAGER

Ben Nardone

COMMERCIAL ACCOUNT MANAGER

Lorie Parent

COMMERCIAL LOAN ADMIN
 

Motor City's Commercial Lending team offers over 75 years of combined local lending experience in all facets including manufacturing, construction, and service. Situated locally, our Account Managers, understand the needs of local business owners and we pride ourselves on flexible lending policies and responsive service.

 

Term Loans

Whether your company is purchasing new or used equipment, refinancing an existing lease or simply looking at restructuring debt to generate working capital, we have a solution to meet your needs.

 

Features:

  • Competitive floating and fixed rate options
  • Terms from 1 to 5 years
  • Amortization up to 10 years
  • Flexible payment terms to meets your seasonal business cash flow
  • New equipment financing up to 100%
  • Used equipment financing up to 75%
 
 
 

Operating Lines of Credit

Competitive Operating Line of Credit to fit your growing business needs. The facility which is tied directly to the business chequing account allows the company to borrow only the exact funds needed and does not use a note rollover. This effectively reduces the interest cost to the borrower. Deposits posted to the business account, are applied 100% against the outstanding loan balance.

 
 
 
 

Commercial Mortgages

Businesses are encouraged to contact one of our experienced commercial lenders to structure a commercial mortgage which fits their specific needs and cash flow. Financing is available to help new property purchases, small and large expansion plans or restructuring debt under one payment.

 

Features:

  • Financing up to 75% of Purchase Price or Appraised value
  • Floating and fixed rate options
  • Terms from 1 to 5 years
  • Amortization up to 25 years
  • Pre-payment privileges may apply
 
 
 

Letters of Credit

Letters of Credit can be made available to satisfy third parties requirements.

Terms can be specific to the transaction itself or renewed annually.

 

Features:

  • Bonding (quoting) requirements

  • Maintenance or performance bonding requirements

  • Utilities or any municipal needs

  • Satisfaction of a fixed contract

 
 
 

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