Biggar & District Credit Union - Loans and Lines of Credit

Loans and Lines of Credit

If you're planning on updating your aging equipment, build a shop or start a new venture, a business loan can help. We can help you get access to the capital your business needs to grow.

Agricultural loans

Jocelyn Poletz

Agricultural and Commercial Lending

A line of credit is an ongoing loan attached to your business chequing account. It is a loan set up to meet your cash flow requirements.

You'll have instant access to cash when you need it.
You'll pay interest on the amount used, for the number of days used.
It offers protection against overdraft on your account.
We offer competitive interest rates.

A letter of credit from Biggar and District Credit Union guarantees payment. It is often used when buying and selling. Letters of credit are common in international trade, but they are also used in domestic transactions (such as construction projects).

A letter of credit provides protection for sellers (or buyers). Letters of credit are issued by a financial institution when a business applies for one and has the assets or credit to get approved.

As a farmer you have to look after all aspects of your business. Let us help you!

You may qualify for a Canadian Agricultural Loans Act (CALA) loan.

A quick loan is a one-time approved ongoing loan that allows you to access cash up to a pre-approved limit. It gives you access to funds quickly.

Once approved, you don't need to reapply each time you need a loan.
Floating interest rates.
Prepay any time without penalties.
Flexible - advance money when you need it through Online Banking.
Low minimum monthly payment with the flexibility of revolving credit.

Biggar and District Credit Union offers a wide variety of agricultural products to meet your farming needs.

Find our more how Leasing your equipment might be a good option for your business.

Biggar and District Credit Union knows the importance of doing business where and when you need to. We offer a wide range of products for you to choose from.

Our livestock loans have competitive interest rates and flexible repayment options. You might also be interested in using our Quick Loan option to finance livestock.

Talk to Us and we can find the best solution for what you need.

Agricultural mortgages are available for the purchase of land or buildings and renovations and additions.

Available as a first or second mortgage.
Optional pre-payment privileges available.
Multi-advance disbursement options may be available.

A line of credit is an ongoing loan attached to your business chequing account. It is a loan set up to meet your cash flow requirements.

You'll have instant access to cash when you need it.
You'll pay interest on the amount used, for the number of days used.
It offers protection against overdraft on your account.
We offer competitive interest rates.

A letter of credit provides protection for sellers (or buyers). Letters of credit are issued by a financial institution when a business applies for one and has the assets or credit to get approved.

Whether you need to expand or renovate your business, we can help. We have a wide array of commercial loan products designed to help your business grow.

A quick loan is a one-time approved ongoing loan that allows you to access cash up to a pre-approved limit. It gives you access to funds quickly.

Once approved, you don't need to reapply each time you need a loan.
Floating interest rates.
Prepay any time without penalties.
Flexible - advance money when you need it through Online Banking.
Low minimum monthly payment with the flexibility of revolving credit.

We know how important growing your business is. We offer a wide array of lending products for you to choose from. Feel safe knowing that your business is our business!

Our term loans are:

flexible and
priced right

Commercial mortgages are available to purchase or renovate anything from a store, hotel or gas station. If you own a business, we can help you finance your building.

Available as a first or second mortgage.
Optional pre-payment privileges available.
Multi-advance disbursement options may be available.

Personalized support

Our team of lending experts will help you find the best financing solution and payment plan for your business needs.

Fixed or variable rate options

Your loan, your choice!

Repay your way

Flexible repayment options means you can pay early without penalty.

Flexible payment schedule

Options for weekly, bi-weekly, semi-monthly or monthly payment schedule.

Safeguard your business with loan insurance

We offer Loan Life Insurance, Credit Disability Insurance and Critical Illness Insurance on our lending products. Give your family and yourself peace of mind knowing your financial obligations will be taken care of.