Canquest Mortgage: Alberta Mortgage Agent
+
Business Development Bank
     CONTACT US

Karen Loehndorf
Calgary Mortgage Broker

Cell: 403.861.6969
Direct: 403.242.4392
Toll Free: 877.342.4392

karen@canquestmortgage.com

 

online mortgage application

CURRENT MORTGAGE RATES
Last updated:  March 5, 2012
Term
Bank Rate
Our Rate
6 month
4.55%
4.55%
1 year
3.65%
2.89%
2 years
3.89%
3.09%
3 years
3.99%
3.19%
4 years QC
4.39%
3.25%
5 years
5.29%
3.29%
7 years
5.99%
3.99%
10 years
6.29%
3.89%
1 year open
6.30%
6.30%
Prime:
3.0%
* rates subject to change without notice
  
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   BUSINESS DEVELOPMENT BANK

The Business Development Bank will assist new Canadian Businesses through financing, venture capital and consulting, wiht a focus on small and medium-sized enterprises.

Working Capital financing:

- Increase inventory to support growing sales and receivables

- Replenish working capital depleted by capital expenditures

- Expand domestic markets or explore new and larger foreign markets

- Develop products

Business Development Bank financing to complement client's line of credit:

eg

PROJECT                                      AMOUNT                       FINANCING                                 AMOUNT

Purchase inventory                        $150,000                     Client's bank: Line of credit            $75,000

                                                                                     BDC financing: Working capital       $75,000

Total                                           $150,000                     Total                                         $150,000

Long term loan, guarantees are subordinate to the chartered bank

Support current operations and reduce pressure on accounts receivable.

Equipment Financing

- Purchase equipment (new or used) or retool

- Purchase a production line or automate a current one

- Replenish working capital depleted by equipment-related purchases

BDC can help you protect your client's cash flow

-Long term financing with an amortization period of up to 12 years

-Additional working capital to cover soft costs such as transportation, installation and training

They also do goodwill financing:

Contact: April Bottrell - Account manager 403.292.4022

april.bottrell@bdc.ca

 

 

 

     
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