Desjardins — Business Term Loans

• The applicant must be a business seeking a term loan from Desjardins to finance a major business goal.
• The project must involve financing capital projects, equipment, or other asset acquisitions.
• The financing must be structured as a term loan in Canadian or US dollars.
• The loan must be eligible for term-loan insurance (if the applicant chooses to add insurance).

Eligible expenses

• Capital project costs (financed through the term loan).
• Equipment acquisition costs (financed through the term loan).
• Loan insurance premiums (if insurance is taken).

• The term loan is available in either Canadian dollars (CAD) or US dollars (USD).
• The amortization period is set based on the useful life of the asset being financed.
• You can choose between a fixed or variable interest rate.
• It may allow you to re-borrow all or part of the repaid principal amount with no additional fee.