Business Mastercard®
- Choose from two payment options, consolidated or individual.
- Consolidated pay — one main control account for the business, and one sub-account for each employee.
- Individual pay — an individual account is created for each employee.
- Statements are mailed directly to each cardholder for consolidated pay, a summary statement is mailed to the business.
- 16.99% interest rate.
- Annual fee of $75
Perfect for...
…businesses that want all the benefits of a Mastercard as well as up to 1% cash back on purchases.QuickLine
- One-time approval.
- Revolving Credit.
- Variable interest rate.
- Access to loan funds by ATM, cheque, debit card, etc.
Perfect for...
…businesses that want a readily available source of credit that is there to use when you need it.Line of credit
- Minimum amount $500.
- One-time approval.
- Revolving credit.
- Variable interest rates.
- Access funds by ATM, cheque, debit card, etc.
Perfect for...
…avoiding the inconvenience and cost of dealing with temporary cash shortages (up to a predetermined limit).Letter of credit
- A Letter of Credit is issued on your behalf to another business confirming payment of goods or services.
- To make things easier, repayment options may vary depending on the type of loan.
Perfect for...
…businesses that need a letter of credit to confirm payment of goods or services.Blanket QuickLoan
- A Blanket Quick Loan can assist with frequent equipment purchases.
- Can be setup ahead of time.
- Can be re-used as It is paid down to purchase other equipment, so you’ll know how much credit you’ll have access to for the entire year.
