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Financing for Small Business

Whether you need a little or a lot – Meridian’s loans and lines of credit give you the additional funding you need to grow your small business. Not sure which financing or lending option is right for your business? Speak to one of our Small Business Advisors today. They will take the time to understand your needs and come up with a solution that’s within your reach.

Loans

Meridian offers loans with competitive interest rates, flexible repayment terms and options for small businesses and commercial businesses. Here are some of the other benefits when choosing a loan with Meridian:
  • Flexible repayment terms with manageable scheduled payments
  • Principal repayment schedule that suits your cash flow needs
  • Automatic payments are withdrawn from your Small Business Chequing Account
  • Meridian's online and telephone banking options let you monitor your outstanding loan balance and payment

Lines of Credit

Meridian’s Line of Credit is revolving, meaning it’s always available to help with short-term financing, unexpected expenses or the usual day-to-day. Here are some of the benefits and features of Meridian’s business lines of credit:
  • Credit limits are based on your business’ borrowing needs
  • Only pay interest on the actual dollar amount that’s borrowed
  • Monthly statements give you a consolidated view of your account activity
  • Deposits made to your Small Business Chequing Account are credited directly to the outstanding balance on your Line of Credit, lowering the amount of interest you pay monthly

Commercial Mortgages

We make obtaining a small business mortgage simple and stress-free. Whether you’re looking to build your small business by purchasing a storefront or need new equipment to help with demand – our mortgages give you flexibility so you can increase your revenue potential.
Meridian offers Small Business Mortgages that include:

  • Repayment terms with manageable scheduled payments
  • A principal repayment schedule that suits your cash flow needs
  • Automatic payments from your Small Business Chequing Account
  • Online and telephone banking to monitor your outstanding loan balance and payments
  • Variable rates and 1-5 year fixed terms available

Flexible financing options so you can grow your small business

Speak to a Small Business Advisor today

to talk about Meridian’s Financing Options