Borrowing for Business

Your Flin Flon Credit Union can provide financing for many needs that small business may have.  Whether you are looking to purchase a new retail location, renovate your existing premises, need new equipment, require a business line of credit for cash flow or need a business expense credit card, we can help.

Come and see us today about your business needs and let us see if we can save you money or help you grow.

As of April 2021 the following fees will apply to business/commercial credit applications and renewals:

New Credit Request - up to $49,999 - application fee of $100.00
New Credit Request - from $50,000 to $249,999 - application fee of $250.00
New Credit Request - $250,000 and greater - application fee of 0.20% of credit requested

Every small business or commercial line of credit is reviewed annually to ensure it still meets the requirements of credit.  There is an annual cost applied each year at the completion and renewal of the credit line.

Credit Limit Renewing - up to $9999 - annual review fee of $25.00
Credit Limit Renewing - from $10,000 to $250,000 - annual review fee of $150.00
Credit Limit Renewing - $250,000 and greater - annual review fee of $250.00

*since the amount of work required for any commercial credit can vary based on the complexity of the deal, if it is deemed that request will require work above the standard requirement the Flin Flon Credit Union reserves the right to quote a rate which may be higher than the fees listed above.  This amount is to be quoted prior to work being commenced and may require a formal acknowledgement or a deposit made by the borrower prior to work initiating.