Term Loans

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Term Loans

What you'll get:

The BDIC lends to viable businesses that are unable to obtain financing elsewhere.

Who it is for:
Businesses, Organizations
Who to contact:
Phone: 1-867-920-6455
How to get more info:
Phone FaxWebsite MailE-mail In-Person
How to get the service:
Phone FaxWebsite MailE-mail In-Person
Additional Info:

If your business requires customized or non-standard repayment terms, the BDIC can customize the prepayment schedule to meet your needs.

The BDIC offers a choice of fixed or variable interest rates. The rates are based on the credit risk involved. Fixed rates are quoted as a fixed percentage but variable rates are quoted as 'Prime + 2%, 3% or 4%'. Variable rate loans can be converted to a fixed rate at anytime you choose; however, fixed rate loans may only be converted to a variable rate on the renewal date.

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