Loans

When you need a little extra help, Community First 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

Getting Started

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

To inquire about our loan options, just call or visit our Business Services department at our Sault Ste. Marie Bay Street branch.

Our Manager of Business Services will be more than pleased to assist you, and answer any questions you may have.

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FIXED RATE LOAN Expand/Collapse

A fixed rate loan is a loan with an interest rate that is set (fixed) for a predefined period of time. The benefit of this feature is that you will know exactly what your payments will be for the whole period that the fixed rate applies.

Community First 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.

VARIABLE RATE LOAN Expand/Collapse

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 with a variable rate loan, the amount of interest increases and your principal payment decreases.

Community First offers secured variable rate business loans.