Laurentian Bank of Canada Revolving Credit for Long-term Assets
no fixed amount
Loan
Description:
Laurentian Bank offers revolving credit for long-term assets, alternatively known as a “capital investment line of credit” or “investment credit.” This pre-authorized credit enables individuals to finance both current and future long-term assets, calculated as a percentage of their net book value. With no capital payments required, this approach maximizes cash flow during periods of company growth and enhances the overall financial profile of the business.
Comments on Funding:
Funding takes the form of a line of credit.
Advances:
– Advances are made in pre-established amounts;
– Advances fluctuate based on the net book value of the long term assets, which is established on a monthly or quarterly basis;
– Borrowing power decreases with depreciation expenses but increases with capital procurement.
Repayment:
– No fixed repayment terms or current portion of long term debt;
– The credit may be converted into a term loan, following prior notification of one year, if the company’s long term asset requirements change or if the financial performance of the borrower warrants it.
Rolling deadline
Eligibility:
Companies reinvesting in long term assets in the midst of an important expansion or productivity enhancement phase.
Application Steps:
For further enquiries: Business clients
– 1-800-522-1846
– 514-522-1846
Select option 5 for Commercial clients.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
