Introducing Coast Capital® Small Business Suites
All of your business banking needs together in one suite of products.
Introducing Coast Capital® Small Business Suites
All of your business banking needs together in one suite of products.
Business Financing & Lending
Strengthen the foundation of your business with financing
Our business financing and lending solutions can provide you with the quick access to funds you need to improve cash flow, make big purchases or prepare for unexpected situations. No matter what decision or challenge you’re facing at the moment, our Business Banking Team is here to partner with you and help you put the right financing solutions in place. Together we can help your business prepare for anything.
Let’s find the right financing solutions, together
Connect with our Business Banking Team and we’ll work with you to build a personalized lending plan for your unique needs. Book an appointment or call us at 1.888.517.7000 Mon-Sat, 8am-8pm; Sun, 9am-5:30pm PST.
Business Lines of Credit
A safety net of quick access to working capital whenever you need it.4
- Improve cash flow
- Pay no monthly fees
- Interest paid only on the amount used6
- Pay it back at your own pace
- Competitive low rates and fees
- Loans range from $1,000 to $250,000
- Download our Business LOC guide
Short-Term Loans
Get quick financing for unexpected opportunities or challenges with OnDeck7.
- A simple process with funding in as fast as 1 business day
- Apply online in minutes
- Term loans from $10,000 to $300,000
- Renewal opportunity at 50% paid down
- Competitive rates
- Apply now
Business Loans
A business loan can help you grow or update your business.4
- Maintain working capital by using business loans for large expenses
- Flexible terms help match your cash flow needs
- Fixed or variable interest rate terms, and/or flexible repayment options5
Letters of Credit
With a Letter of Credit, we can guarantee that payments to third parties can be made.4
- Eliminates the need to make advanced payment or deposits for a commercial transaction
- Demonstrates your credit worthiness and gives you greater access to key suppliers
- Reduces payment risk for all parties
- Ensures that suppliers are not paid, until the letter of credit terms are met
Canada Small Business Financing Program (CSBFP)
Get the financing you need for equipment or leasehold improvements.4
- Ideal for startups or small businesses purchasing or improving new or used equipment including business vehicles, or for improving rental properties such as renovations
- For business with gross annual revenues less than $10 million
- Borrower can be sole proprietorship, partnership, corporation or cooperative.
- Enjoy competitive rates, transparent fees with no hidden costs and no security fee.
- Download our CSBFP guide
Coast Visa Business Card
Enjoy one of the lowest interest rates in the country plus 1% cashback.3
10.95
%
1
Annual interest
- 1% cashback credit2
- Low annual fee of $60/card/year for the first four cards, and $40/card/year for additional cards
- Variable interest rate of Prime + 8.5%
- 24/7 access to Corp. Legal Assistance and Information Security Services
Builder Finance
Are you an experienced builder looking to build and sell a house? We're here to help local builders grow their business.
- Friendly and experienced real estate experts, who will work with you from land acquisition until the sale of the finished project.
- Expertise in a variety of property types including: single family homes, subdivision developments, and multi-family residential.
- Customized financing solutions from $500,000 up to $10 million, to ensure our members have room to grow their business.
Additional services available with any business account
Business
Digital Banking
Digital Banking
Save time when you complete transfers, bill payments, cheque deposits or almost anything with the touch of your fingertip. Learn more
Business Overdraft Protection
Overdraft Protection attaches to your existing chequing account and prevents you from incurring overdrawn charges between deposits. Talk to us
Deposit 24/7 at thousands of ATMs
Deposit coin, cash and cheques at any branch plus deposit envelopes at any ATM on THE EXCHANGE® Network. Request a business deposit card
SMALL BUSINESS CENTRE
Here are six proactive approaches to take to help improve your cash flow to make sure that your business can come out of the COVID crises in good shape.
MONEY HELP
Guest blogger Kirk Croswell covers some key considerations when using credit for your small business.
MONEY HELP
There are so many lending options for small businesses. How do you choose the right option? Read up on the things you should ask yourself before you decide.
Let’s find the right financing solutions, together
Contact our Small Business Team at 1.888.517.7000 or book an appointment online.
1. Rates are subject to change without prior notice. Rates may vary according to your credit rating, the amount borrowed, guarantees offered and other factors. Rates are calculated as Desjardins Prime + 8.5%.
2. Business purchases charged to one or more Coast Visa Business cards that total between $12,000 and $500,000 in one year will be eligible for a 1% cashback credited to the Business cardholders account on the anniversary date of the account opening. Visa cheques, cash advances, interest charges, returned goods, administration fees and other fees related to purchases are excluded.
3. Coast Visa Business Card is issued by Desjardins Group (“Desjardins”) and all cards are subject to Desjardins approval.
4. Subject to Coast Capital Savings lending policies and criteria. Personal guarantee(s), security and additional documentation may be required. Fees may apply. Other conditions may apply.
5. Subject to the terms and conditions of your loan agreement
6. Subject to the terms and conditions of your line of credit agreement.
7. Short-Term Loans are offered by On Deck Capital Canada, ULC and all loans and loan amounts are subject to On Deck approval. Coast Capital will earn a referral fee on any funded and received loan amount between On Deck and borrower.
