Our specialize sectors
Buying equipment, launching a new line of products, expanding your floor space…all worthwhile projects that require a thick wallet! Today’s entrepreneur knows that it takes money to make money. At Laurentian Bank, we’ve learned that lesson too. That’s why we’ve designed a wide range of financing solutions. We’re sure that we have one for you.
Short-term financing
- Line of credit: To finance your accounts receivable, inventory or assorted operating expenses.
- Evergreen financing: Revolving line of credit used for your recurring capital investments. At the end of the year, the amount drawn upon during the year is converted in long term financing which leaves ample room on the revolving line of credit for next year’s capital investments plan to materialize.
- Revolving credit for long-term assets: Revolving credit for long term assets is also called “capital investment line of credit” or again “investment credit”. In essence, it’s a revolving line of credit based on the net value of the capital assets.
- Bank acceptance financing: This low-cost financing solution is an excellent substitute to traditional short term loans.
Long-term financing
- Term Loan: Ideal when you wish to finance your expansion, acquisition or modernization projects. You can also request a term loan to refinance an existing debt.
- Small business loan: Big money for small business! Receive up to $250,000 or 90% of your financed investment. With these funds, you can buy land, machinery and equipment or renovate your existing location.
