Effective January 1, 2026: Conexus Credit Union 2006, Cornerstone Credit Union Financial Group Limited, and Synergy Credit Union Ltd. amalgamated as Conexus Credit Union. Learn more.
Business Term loan
A term loan gives your business the funding you need to grow — whether you’re purchasing equipment, expanding your operation, buying vehicles, or investing in long‑term improvements. With predictable payments and flexible terms, a term loan helps your business confidently plan for what’s ahead.
Why choose a Term loan from Conexus?
A term loan from Conexus gives your business the confidence to take on bigger goals and choose a structure that fits your cash flow and long‑term plans. Plus, you'll get guidance from advisors who understand Saskatchewan businesses and are committed to helping you grow sustainably and confidently.

What is a term loan?
A term loan is a lump‑sum amount you borrow and repay over a set period, typically with a fixed or variable interest rate. It’s ideal for long‑term investments such as equipment, vehicles, renovations, technology upgrades, or real estate.
It provides stability, flexibility, and predictable payments — making it easier to budget and plan for growth.
Benefits of a term loan
A term loan can help your business:
Finance major purchases or long‑term investments
Choose between fixed or variable interest rates
Build equity in your business through owned equipment or assets
Structure payments that match your cash flow
Invest in growth without using all of your existing working capital
What you need to know
Before applying for a term loan, consider:
Loan amount — based on project scope, asset cost, or business need
Rate options — fixed rates offer predictability; variable rates can offer flexibility
Repayment schedule — term length and payment frequency vary by loan
Eligibility — may include financial statements, business history, and credit requirements
Loan purpose — equipment, real estate, vehicles, or capital improvements
Related tools and services
Loan calculator — Estimate payments and plan ahead
Business credit cards — Manage purchases and expenses
Business services — Payments, deposits, merchant tools

Have questions?
That's what we're here for!
Meet with one of our business advisors to apply for a term loan. Fill out our contact form and we’ll contact you within one business day.