Assiniboine Credit Union (ACU) Business Lines of Credit
no fixed amount
Loan
Description:
Assiniboine Credit Union (ACU) provides Lines of Credit for businesses, supporting their operating needs.
Comments on Funding:
Funding takes the form of lines of credit:
– Variable interest rate based on prime rate + premium, depending on risk;
– Pay interest only on what you use;
– Exact dollar borrowing to keep interest expenses down;
– Term: revolving credit.
Rolling deadline
Eligibility:
Applicants must:
1. be businesses;
2. Assiniboine Credit Union (ACU) members.
Application Steps:
Use ACU’s appointment booking tool to find a branch and time that works for them.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.
