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Source verified June 19, 2026
Scotiabank — Term Loan for business
Financing for fixed asset purchases with competitive interest rates
Funding available
$ 1,000,000
Deadline
Open continuously
Location
Canada
Overview
Scotiabank’s Term Loan for business provides financing of up to $1,000,000 to access cash for purchasing fixed assets and support long-term business needs, subject to credit approval. Eligible activities include financing real estate, equipment or other asset purchases (including purchases made within the last six months), with repayment terms aligned to the life of the asset.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new product or service
- Complete an acquisition or business transfer
- Optimize production processes
Eligible Funding
- Maximum amount : 1,000,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
- Sole proprietorship
- Non-profit
Annual revenue
- $ 15,000,000 maximum revenue
Organisation size
- All organization sizes
Audience
- Startups
Non-profit candidates
Sector of operation
- All industries
Target groups
- All the groups
Revenue structures
- All structures
Scope
- All dimensions
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Purchase of fixed assets for the business (including purchases made within the last six months from the loan application date).
- Purchase, construction, expansion, or acquisition of real estate for business purposes.
- Purchase of equipment to expand product offerings or optimize production.
- Development of a new line of business or a new product line.
- Refinancing existing debt.
Documents Needed
- Articles of Association or original constitution and bylaws
- Proof of authority to open the account, if not formally registered
- Government-issued identification for up to 3 authorized signatories
- Year-end financial statements for the last 2 years
- Business plan and interim or financial statements for start-ups
Official resources
Eligibility
Who is eligible?
- Sole proprietorships
- Partnerships
- Corporations
- Not-for-profit associations/organizations
Eligible expenses
- Purchase of fixed assets (e.g., equipment, vehicles, property/real estate).
- Costs related to fixed-asset purchases made within the last six months (from the loan application date).
- Expansion or acquisition of buildings/real estate.
- Refinancing of existing debt.
- Buyout of a shareholder’s or partner’s interest.
How to apply
- Step 1: Explore borrowing options
- Review the borrowing options available for not-for-profit associations and organizations.
- Step 2: Prepare business documents
- Gather the organization’s articles of association, original constitution and bylaws.
- If there is no formal registration, prepare proof that the signatories are authorized to act on behalf of the organization.
- Prepare government-issued identification for up to 3 authorized signatories.
- Compile year-end financial statements for the last 2 years.
- If the organization is a start-up, also prepare a business plan and interim or financial statements since inception, if available.
- Step 3: Contact Scotiabank
- Contact your local Business Banking Advisor to set up an appointment.
- Ensure the signing authorities attend the branch for the appointment.
Additional information
- Business Loan Protection may be available for this product.
- The loan may qualify as a government-guaranteed loan.
- Amortization can be aligned with the life of the asset being financed.
- A consistent payment schedule is available, with fixed or variable monthly payments to help manage cash flow.
Contacts
Frequently Asked Questions about the Scotiabank — Term Loan for business Program
What is the Scotiabank — Term Loan for business?
Scotiabank’s Term Loan for business provides financing of up to $1,000,000 to access cash for purchasing fixed assets and support long-term business needs, subject to credit approval. Eligible activities include financing real estate, equipment or other asset purchases (including purchases made within the last six months), with repayment terms aligned to the life of the asset.
How much funding can be received?
Scotiabank — Term Loan for business Funds up to $1,000,000 of admissible expenses.
Who is eligible for the Scotiabank — Term Loan for business program?
To be eligible for the Scotiabank — Term Loan for business program, you must:
Subject to Scotiabank credit approval and conditions.
Online application available if annual business sales are up to $15,000,000.
Eligible business types include sole proprietorships, partnerships, corporations, and not-for-profit associations/organizations.
What expenses are eligible under Scotiabank — Term Loan for business?
Purchase of fixed assets for the business (including purchases made within the last six months from the loan application date).
Purchase, construction, expansion, or acquisition of real estate for business purposes.
Purchase of equipment to expand product offerings or optimize production.
Development of a new line of business or a new product line.
Refinancing existing debt.
Who can I contact for more information about the Scotiabank — Term Loan for business?
You can contact Scotiabank or by phone at 1-877-552-5522.
Where is the Scotiabank — Term Loan for business available?
The Scotiabank — Term Loan for business program is available across Canada.
Is the Scotiabank — Term Loan for business a grant, loan, or tax credit?
Scotiabank — Term Loan for business is a Loans and Capital investments