Term Loan for business

  • Overview
  • Features & Benefits
  • Competitive fixed or floating interest rates on term loans up to $500,000.
  • Up to five-year term with up to a 15-year amortization.
  • Optional life insurance.

Term loans are also available as part of our Scotia Total Equity® Plan.


  • Loans up to $500,000
  • Competitive fixed or floating interest rates
  • Financing for purchases made up within the last six months from the loan application date
  • Optional life insurance
  • Up to five-year term (up to a 15-year amortization)
  • Real estate amortizations up to 15 years for industrial property, or 20 years for commercial property


  • Fixed or variable monthly payments to help manage your business’s cash flow.
  • Government-Guaranteed Loans - a Term Loanfor businessmay qualify as a government-guaranteed loan.

  • † No purchase

    necessary. The Contest commences at 12:01 a.m. (ET) October 23, 2016, and ends at 11:59 p.m. (ET) October 22, 2017. To be an entrant, you must be the named recipient of this notification, a legal resident of Canada and the age of majority, but not an employee, agent or representative of Scotiabank, its affiliates or subsidiaries, or a member of the household or immediate family of above parties. Selected entrant must answer time-limited mathematical skill-testing question. One (1) Grand Prize: $10,000. Five (5) Secondary Prizes: $1,000. Chances of winning depend on the total number of eligible entries received during the contest period.Full contest details.

  • 1 Excluding federal government guaranteed loans. Read More
  • 2 Apply using our online application, if the annual sales of your business are up to $15,000,000. Qualifying Criteria.

Category: Bank loan

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