-
Personal
Home
HomeAccounts & Cards
Accounts & Cards- Spending & Saving
- Chequing Accounts
- Savings Accounts
- Credit Cards
- Debit Mastercard
- Reloadable Mastercard
- Why Join?
- How May We Help You?
- Digital & Mobile
- Phone & Video
- In Person
- National ATM Network
- Seniors
- Students
- Youth
- Newcomers
- How Do I?
- Mobile Cheque Deposit
- Add Card to Mobile Wallet
- Order Cheques
- Lock My Card
- Send a Wire Transfer
Mortgages
Loans & Lines of Credit
Loans & Lines of CreditInvesting & Planning
Investing & Planning- Products
- Term Deposits
- Mutual Funds
- Retirement Savings Plans
- Tax-Free Savings Accounts
- Registered Retirement Income Fund
- Socially Responsible Investments
- Registered Education Savings Plan
- Class A Shares
- Services
- Planning
- Work With An Advisor
- Do-It-Yourself
- Learn
- Build a Financial Plan
- Guide to Retirement
- Guide to Saving & Investing
Insurance
-
Business
Home
HomeAccounts & Cards
Accounts & Cards- Operating & Saving
- Chequing Accounts
- Savings Accounts
- Credit Cards
- How May We Help You?
- Digital & Mobile
- Phone & Video
- In Person
- Night Deposit
- National ATM Network
- For Community Organizations
- How do I?
- Mobile Cheque Deposit
- Set Up CRA Payments
- Lock My Card
- Prevent Fraud
Payment Tools
Payment ToolsFinancing
Financing -
Community
CommunityHome
HomeOur Commitments
Our CommitmentsDonations & Sponsorships
Donations & SponsorshipsCommunity Grant
Community GrantBursaries & Scholarships
Bursaries & Scholarships
PERSONAL
Spending & Saving
How may we help you?
Services
BUSINESS
Operating & Saving
How May We Help You?
How do I?
COMMUNITY
Small business loans
Startup and Expansion Financing
Small business loans
Startup and Expansion Financing
Small Business Loan Guarantee Program
A financing program unique to Nova Scotia credit unions designed to help small businesses with big ideas. Loan guarantees available to start, buy, or expand your business in Nova Scotia.
Features:
- Term loan, working capital loan, or line of credit
- Terms up to 10 years
- Borrow up to $500,000
- Access to a network of business mentors
Borrow for:
- Startup
- Acquisition
- Growth and expansion
Provincial Department of Finance Fee:
- 1% administration fee annually
Together, let’s make it happen
Your Business Account Manager will highlight the opportunities in your business plan and set you up for success with secure financing and a loan guarantee.
Personal Guarantee Required?
Yes. Your loan request will be accessed by following regular credit lending criteria including an assessment of your personal net worth. If you do not fit normal lending criteria your business has potential for success, we will apply for a loan guarantee to offset this risk.
Eligible Businesses
All types of businesses are eligible except residential and commercial real estate, beverage rooms and taverns. Any venture of a questionable ethical or legal nature is ineligible. See Nova Scotia Cooperative Council website for eligible businesses.
Business Plan Support
Need a hand getting started? We’ll set you up with a mentor from the Nova Scotia Co-operative Council to help you write a bullet-proof business plan.
© 2024 East Coast Credit Union. All rights reserved. Privacy Security Legal and Copyright
Mortgage License 3000158