sascu Business Loans
SASCU business loans in B.C.: equipment, working capital, commercial mortgages and term loans from BC credit union specialists.
Making Banking Work at Scale
- Business loans from $10,000 to $10 million for term, equipment, and working capital.
- Approval decisions in about 48 hours for document-complete files.
- Rates start at prime + 1.5% for established businesses.
- A business advisor is assigned to every this credit union business loan.
Loan Options for Business
Term, equipment, working capital, and commercial mortgages cover most business financing needs.
this credit union business lending covers: term loans, equipment financing, seasonal lines, commercial real estate mortgages (the CRE line), and SBA-equivalent government-guaranteed lending for startups.
Business banking is a full silo at the platform - chequing, merchant services, and business lending interact with each other. See business chequing and merchant services.
| Product | Range | Typical rate | Term |
|---|---|---|---|
| Term loan | $10k-$10M | P + 1.50% | 1-10 years |
| Equipment loan | $10k-$1M | P + 1.75% | 3-7 years |
| Working capital | $10k-$500k | P + 2.00% | Rolling |
| CRE mortgage | from $100k | from 4.90% | up to 25 years |
Application Process
Five steps - apply online, then decisions arrive in about 48 hours.
Business applications start online with a one-page intake. Upload ID, financials for two years, and the purpose of funds; a business advisor then calls within one business day.
- Apply online - 10 minutes intake
- Upload financials and ID
- Advisor call within 1 business day
- Credit decision within 48 hours
- Fund and set up payments
Government-Backed Options
Government-backed programs guarantee up to 85% for eligible smaller businesses.
For businesses with modest security, sascu underwrites under the Canada small business financing program, which provides government guarantees for equipment and real estate. Access requires the same application plus the business plan and projections.
The guarantee program is administered through the Innovation, Science and Economic Development Canada, which publishes the current terms.
Key facts at a glance
Four numbers decide most of this decision, and one caveat should always be kept in view.
- Decision: 48 hours.
- Range: $10k-$10M.
- Term rate: P + 1.50%.
These loan programs do NOT cover agriculture and fishing capital, which route to BC Agricultural loan specialist desks. Our first business loan desk ran on the consumer grid; small files suffered, so we rebuilt a dedicated underwriter group in 2024.
The official methodology is detailed in the sascu overview.
sascu support resolved an urgent wire issue while we were still on the call. That is rare.
Our contractor crew switched to sascu business checking and cut monthly fees to zero.