Chartered Banks

These federally chartered financial institutions regularly provide medium- and long-term operating financing to virtually every kind of business venture. They have learned a great deal about different businesses through the experience of granting, monitoring and collecting these loans. Bankers who have dealt with your kind of business venture can be a valuable source of information, as well as a source of financing.

Canada Small Business Financing Program – ic.gc.ca/csbfa

Credit Unions

Credit Unions also provide a wide range of financial services to the business community. They are owned by their members and credit decisions are made or ratified by a local board, elected from the membership. For internal financial reasons, larger loans are sometimes handled by Credit Union Central, but they still require local support.

Other Conventional Lenders

Long- and medium-term loans are also provided by trust companies, insurance companies, commercial mortgage lenders and acceptance corporations.