Business Borrowing

Business Borrowing

How you manage borrowing will often dictate how fast you grow, how stable you become and how long you can sustain your business. Borrowing is a fact of business life – having a financial partner who helps you manage the tap in a collaborative way is a huge asset.

Libro’s options for business and agricultural borrowing cover all the bases. Whether you’re an entrepreneur just starting out, a multi-generational farm enterprise or a commercial business looking to go from small to medium, we have Coaches to help you get where you’re going!



Business Visa Card*

Enjoy the benefits of a Libro Visa* Credit Card for corporate or employee expense accounts. Earn a percentage of your monthly net retail transactions with optional cash-back features.


For large equipment, sometimes leasing can make the most sense.

  • Lower initial investment required
  • Flexible terms (up to five years) and payment structures (monthly, quarterly, semi-annually and annually)
  • Tax advantages: taxes paid on each lease payment, not in advance
  • Eligible equipment:
    • Farms: grain bins and harvesting equipment
    • 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

Operating Lines of Credit

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

Term Loan

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

Commercial/ Agriculture Mortgage

Commercial/Agriculture mortgages are available for the purchase of land or buildings and for renovations and additions.

  • Available as a first or second mortgage
  • Various fixed-term rates available from six months to 10 years
  • Pre-approved mortgages are available with 60-day rate guarantee
  • Terms are portable and can be transferred to a new mortgage on a new property
  • Multi-advance disbursement options may be available
  • Optional pre-payment privileges available

Construction Mortgage

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, for the remaining balance of the original five-year term
  • 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