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Scotiabank — Term Loan for business

Q: How much funding can be received?

Scotiabank — Term Loan for business Funds up to 1000000% of admissible expenses.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the Scotiabank — Term Loan for business a grant, loan, or tax credit?

Scotiabank — Term Loan for business is a Loans and Capital investments

Q: Who are the financial supporters of the Scotiabank — Term Loan for business?

Scotiabank — Term Loan for business is funded by Scotiabank

Q: 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.

Q: 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.

Q: Where is the Scotiabank — Term Loan for business available?

The Scotiabank — Term Loan for business program is available across Canada.

Q: Are startups eligible for the Scotiabank — Term Loan for business program?

Yes, startups are eligible to apply for the Scotiabank — Term Loan for business program.

Last Update: January 19, 2026

Canada

Financing for fixed asset purchases with competitive interest rates

Loans and Capital investments

At a glance

Funding available

Financing goals

No objectives are currently available

Eligible Funding

Maximum amount : 1,000,000 $

Timeline

Unspecified

Eligible candidates

Eligible Industries

Finance and insurance

Location

Canada

Legal structures

Non-profit
For-profit business
Sole proprietorship

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

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.

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.

Eligibility

The applicant must obtain Scotiabank credit approval (terms and conditions apply).
The business must be seeking financing to purchase fixed assets (including purchases made within the last six months from the loan application date).
The business may apply online if its annual sales are up to $15,000,000.
The applicant must operate under an eligible business type (sole proprietorship, partnership, corporation, or not-for-profit association/organization).
The loan may qualify as a government-guaranteed loan.

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

Check online application eligibility

Confirm your business annual sales are up to $15,000,000 to apply online
Review Scotiabank’s qualifying criteria for business credit

Prepare required business documents

Identify your business type (sole proprietorship, partnership, corporation, or not-for-profit)
Gather the required business borrowing/credit documents for your business type

Speak with a Business Advisor

Contact Scotiabank to speak with a Business Advisor (phone or in person)
Set up an appointment to review your financing request

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

1-877-552-5522

Canada

Apply to this program

Frequently Asked Questions about the Scotiabank — Term Loan for business Program

Here are answers to the most common questions about the Scotiabank — Term Loan for business. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.