| Commercial
Loans
Northstar offers a variety of loans and mortgage options for businesses
that require to make capital purchases.
The following list of products and service are available and are subject
to Northstar's credit approval:
Commercial
Line of Credit (CLOC)
A Commercial
Line of Credit is a variable-rate revolving credit facility at a competitive
interest rate, which can be either secured or unsecured. It can provide
your business with easy accessibility to your available credit. You
may obtain an unsecured line of credit ranging from $5,000 to $100,000
and a secured line of credit ranging from $25,000 to $250,000.
Fixed
Rate Term Loans
Longer
term loans used to acquire new or existing business, to buy fixed assets
such as equipment and machinery, or refinance existing debt.
Floating
Rate Term Loans
A longer
term loan that includes the flexibility to float your loan rate with
interest rate fluctuations.
Canada
Small Business Financing Act (CSBFA)
A source
of up to $250,000 for small businesses in Canada. Total amount to a
borrower may not exceed $250,000 and only businesses with less than
$5 million in annual revenue qualify. The CSBFA provides for a sharing
of losses, if any, between the lender and the federal government.
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