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Business & Ag Loans

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  2. Business & Ag Loans

Cash flow is key when you’re running a business, ag operation or agribusiness, so access to the right lending products at the right time can make all the difference. Whether you're just starting out, looking to streamline, manage your finances or planning to expand, we can tailor business financing solutions to your unique needs, no matter what industry you’re in.

Business Term Loan

There are a lot of great reasons to get a term loan for your business, ag operation or agribusiness. You may need to purchase new equipment, update or expand your facilities or consolidate your debts to create healthier cash flow. We meet you where you’re at with a flexible business term loan that comes with structured payments and the flexibility to meet your financial realities. Our business term loan also offers:

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Old Barn and shed
Increasing your assets
As business increases, you generally need more equipment/assets to keep up with the expansion.
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Business Quick Loan

No-hassle access to funds is key to supporting ongoing and future plans for your business, ag operation or agribusiness. Our Business Quick Loan offers the flexibility to help you do just that. Just apply once to establish your credit limit and then access the funds as you need them. You only pay interest only on what you use, saving your money for more important things. You also get:

  • terms are ongoing and revolving
  • choice of blended (principal plus interest) or interest-only payment option
  • the ability to use collateral to get an even better rate
  • variable rates
  • no prepayment penalty
  • payment protection options
  • ProfitShares rewards
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Unlock Your Business Potential with the Business & Ag Financial Centre Team
Whether you're an experienced business owner or embarking on your entrepreneurial journey, we provide all-encompassing business banking solutions, strategic borrowing choices, investment prospects, and specialized financial insights customized to meet your distinct objectives and requirements.
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Business Line of Credit

Unexpected expenses are a reality when you run any type of business. Our Business Line of Credit could help you meet cash flow requirements and cover everything from overdraft protection and short-term financing to equipment repairs and purchasing. Once your credit limit is approved, you can access the funds when you need them, and as you pay it down, it automatically renews itself. It also offers:

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How to manage and increase your cash flow
Having a positive cash flow simply means having more money coming in than going out. A positive cash flow is critical to the operation and success of your business...
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Equipment Financing
Synergy offers financing through many Ag Implement Dealerships across the prairies. If you are in the market for new equipment, ask if they offer dealer financing with Credit Union Dealer Finance. 
  • Quick response (less than two business days)
  • Continue to deal with the local experts at Synergy Credit Union once the loan is approved and set up
Where does a farm family start succession planning?
Looking to turn over the farm? Where do you start? 
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Business and/or Ag Term Loan APR* Example

*An APR represents the total yearly cost of borrowing money, expressed as a percentage of the principal loan amount.

Business/Ag Term Loan

Amount = $100,000
Annual rate = 10% (+1% application fee)
APR 10.441%
Preparing For Your Appointment
For your upcoming appointment, please make sure you have the following information ready:
  • Your most recent financial statements and/or tax returns
  • Current business plans and projections
  • Current list of assets, including the approximate value for each
  • Current list of liabilities, including current balance, payment amount and authorized limit for credit cards or lines of credit, if applicable
  • Pay stubs for the past 3 months
  • A letter from your employer verifying your position and pay or your most recent Notice of Assessment
  • Direct deposit information

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