Commercial Lending

FirstOntario Credit Union is a full service financial institution serving the Niagara Region, Greater Hamilton - Oakville area and South Western Ontario, with Commercial Services offices located in Hamilton and St. Catharines. With over 60 years of experience, FirstOntario Members enjoy personal, professional service and prompt credit decisions for loans up to, and in excess of, $20,000,000.

COMMERCIAL MORTGAGES

Available for purchasing and refinancing of Commercial Real Estate.

• Amortization: up to 25 years
• Competitive fixed interest rates
• Variable interest rates

COMMERCIAL TERM LOANS

Commercial Term Loans are available to cover capital expenditures, working capital requirements, building renovation improvements and many other term financing needs.

• Amortization: up to 20 years
• Competitive floating interest rates tied to Prime

COMMERCIAL OPERATING LOANS

Available to cover day-to-day operating expenses.

• Competitive floating interest rates tied to Prime

COMMERCIAL LEASING

Available through CULEASE Financial Services (minimum $25,000.00)

OTHER COMMERCIAL SERVICES

• MEMBER TERM LIFE INSURANCE
  "Tailor made to suit your business needs" through Credit Union Insurance Services (CUIS).
• SMALL BUSINESS BENEFITS PLAN
  Extended healthcare benefits, long term disability, accidental death and dismemberment insurance through Credit Union Insurance Services.
• PAYROLL SERVICES
  Through a referral relationship with ADP Canada, FirstOntario Credit Union Limited now offers payroll processing services to meet the needs of your business.
• MERCHANT MASTERCARD®
  With our partner, Global Payments Inc. all POS, MasterCard and Visa transactions can be credited to your Current Account at FirstOntario.
• EMPLOYEE PAYROLL DEDUCTION PLANS
  Available at FirstOntario Credit Union Limited.
• EMPLOYEE RRSPs
  Available at FirstOntario Credit Union Limited.

 

Deposits in registered savings plans are fully insured. Other Canadian dollar deposits insured up to $100,000.*

 

*For further information on deposit insurance, please ask for a brochure at the credit union or call DICO at 1-800-268-6653 or log on to the website at www.dico.com.