Borrowing options to help you focus on what matters most
Juggling life while managing your finances can be hard. A Libro Coach can help with any of your business borrowing needs to set you on the right track to maximize the correct use of a loan or line of credit.
Mortgages
Commercial and Small Business Mortgage
Purchasing a building can help unlock the full potential of your business. Once your business is pre-approved, the rate will be guaranteed for 60 days.
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Commercial mortgages are available for the purchase of land or buildings and for renovations and additions.
- Various fixed-term rates available from 1 to 10 years
- Multi-advance disbursement options may be available
- Pre-payment privileges available
Agriculture Mortgage
Are you looking to purchase a new farm or unlock equity available in farmland you already own? We offer Agriculture mortgages with fixed or variable rates that align with your goals and aspirations.
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Agriculture mortgages are available for the purchase of land or buildings and for renovations and additions.
- Various fixed-term rates available from 1 to 10 years
- Pre-approved mortgages are available with 60-day rate guarantee
- Multi-advance disbursement options may be available
- Pre-payment privileges available
Construction Mortgage
By building new or renovating your existing building, you create the opportunity to accommodate and your support your business’s future growth. We offer flexible payment options to suit your needs.
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Construction mortgages are designed for Agriculture and Commercial Owners who are renovating or constructing new building, barns, facilities or homes.
- Five-year variable term loan, may be converted to fixed loan once the construction phase has been completed
- Interest-only during the construction phase (up to one year)
- Funds drawn in set amounts when required
- Pre-approved mortgages are available with 60-day rate guarantee
Loans and Lines of Credit
Term Loan
A term loan can help you achieve your big business goals. Whether that is purchasing new equipment, opening a new location or refinancing existing debt. A Libro Coach will tailor a loan to your individual circumstances.
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A term loan may be used to finance farm or business requirements, such as livestock or equipment.
- Loan terms from one to ten years
- Flexible repayment terms, including fixed and variable interest rates
- Re-advanceable term loans available offering flexibility with drawdowns and repayment within an approved loan limit
Operating Lines of Credit
A line of credit gives you access to funds that help cover operating expenses within your business. You can use funds whenever you need them and interest is only charged on the amount you borrow.
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The Operating Line of Credit (LOC) is a revolving loan set up to meet the cash flow requirements of your farm or business.
- Disbursed in multiples of your choice into your operating account or attached to your operating account as an authorized overdraft
- Normally repaid as the business generates cash flow
- While repayable on demand, there is no fixed principal repayment schedule
- Interest payable monthly
- Variety of options available to align with your specific business/agriculture needs
Leasing
By opting to lease your equipment, you can leverage its’ potential to generate value from the get-go. When your lease term concludes, you can replace or upgrade your equipment with the latest models.
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For large equipment, sometimes leasing can make the most sense.
- Lower initial investment often required
- Flexible terms (up to five years) and payment structures (monthly, quarterly, semi-annually and annually)
- Tax advantages: Please consult a tax professional to confirm your situation
- Eligible equipment:
- Farms: grain bins, robotic milking systems, farm equipment, etc
- Commercial/Industrial: heavy equipment for mining or construction, office equipment and utility trucks/trailers
- Medical/Technological: banking systems and computer networks
- Manufacturing: production and packaging equipment, machine tools and robotics
Other Lending Support
Government Loans
Canada Emergency Business Account (CEBA)
Visit our CEBA page for more information on this government program, including how to repay, deadlines and agreements.
The Canada Small Business Financing Program (CSBFP) allows businesses to grow through financing property, renovations and equipment needs. To find out more information and if you are eligible for the program, please visit the Government of Canada website or talk to a Libro Coach.
The Canadian Agriculture Loans Act (CALA) is designed to increase the availability of loans to agri-businesses to establish or improve their farms. To find out more information and if you are eligible for the program, please visit the Government of Canada website or talk to a Libro Coach.
Business Visa
Choose between three different Visa* cards to keep smart spending in focus by separating your business and personal needs.
- Connect your Libro Visa* to Apple Pay, Samsung Pay and Google Play to enjoy all the benefits of paying with your mobile phone
- View your card balance, make payments and update your business information in MyCardInfo
Business Overdraft
Sometimes business expenses arise unexpectedly. With business overdraft protection, you can have peace of mind in those moments knowing funds are available.
- Credit limit available up to $10,000
- Fast and convenient cash available when you need it
- Funds available through Online Banking and ATM
*The Libro Visa credit card is issued by Collabria Financial Services Inc. pursuant to a license from Visa. Visa is a trademark of Visa Int. and is used under license.