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Business Borrowing

Let’s stretch the potential of your business.

Banking's different here. At YNCU, when we evaluate a loan we keep our financing decisions local and accountable. We will look to your character, track record, and business plan — not just the bottom line. At the end of the day, we want to lend support, not look for profits. 

Our borrowing solutions are competitively priced and designed for your business’s unique needs.

Become a New Neighbour



When you need a little extra help, YNCU has a variety of term loan options to fit your needs. Our business loans can help you achieve your goals sooner. Use your business loan to:

  • Purchase new equipment
  • Make leasehold improvements
  • Borrow for an investment
  • Refinance current debt
  • Simplify your debt

A fixed rate loan is a loan with an interest rate that is set (fixed) for a predefined period of time. You'll benefit from knowing exactly what your payments will be for the whole period that the fixed rate applies.

YNCU offers secured fixed rate business loans.

Rate: Rate is guaranteed for the entire term.

Terms: 1 to 5 year terms available.

No Penalties: Pay down or pay off your loan at anytime, without penalty.

Payment Options: Choose from weekly, bi-weekly, or monthly payments.


A variable rate loan is a loan in which the rate of interest fluctuates in response to changes in the prime rate.

This type of product allows you to take advantage of low interest rate periods. When interest rates fall, you are paying down more on your principal with each payment and less interest. When interest rates rise, the amount of interest increases and your principal payment decreases.

YNCU offers secured variable rate business loans.

Rate: Rate fluctuates during the course of the term.

Terms: 1 to 5 year terms available.

No Penalties: Pay down or pay off your loan at anytime, without penalty.

Payment Options: Choose from weekly, bi-weekly, or monthly payments.


On Every Loan

Loan Protection

Choose to include Life Insurance, Critical Illness Insurance, and Disability Insurance on your loan to ensure your business is protected.


Lines of Credit

Get your day-to-day operating cash flow up to snuff with a YNCU line of credit. With a business line of credit, you will have convenient access to a predetermined amount of credit.

YNCU offers secured lines of credit for businesses.

All lines of credit come at a variable interest rate.


At YNCU, we want to help you determine what type of loan options will work best for you.

To inquire about our loan options, call or visit our Business Services department. Our Manager of Business Services will be more than pleased to assist you, and answer any questions you may have.

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With a YNCU Line of Credit, you only pay interest when you draw on the funds, and you can pay back as little or as much as you want at any time.

Only a minimum interest payment is required each month, and you determine how much you want to pay back over and above this amount.

Enjoy quick and easy access to your funds whenever you need them by simply writing a cheque or withdrawing the funds.

You can also access your Line of Credit through our network of Automated Teller Machines (ATMs) and at participating merchant locations across Canada anywhere Interac® Direct Payment is accepted.

Businesses can often amass a large balance on credit cards, with a high rate of interest. In contrast, a YNCU Line of Credit offers a competitive interest rate that can help you save money.

Consolidate your debt and pay off your credit card with a YNCU Line of Credit. As a result, you'll only have one monthly payment at a competitive interest rate on the collective sum of your debt.

Let YNCU help you achieve your goals faster. Try our Loan Calculator to discover how much money you can save.

Calculate It!


Letters of Credit

Get a little extra help growing your business. 

A letter of credit is a conditional promise of payment to a third party, up to a specified sum of money. Quick, local decision making, low fees, and fewer administrative tasks make letters of credit an effective alternative to bonding.