Lending Services

LOWBIC can offer various forms of financing, whether you are starting up, looking to expand or in need of some extra capital. Below are a few of our options:

Loans

We offer up to $150,000 with competitive interest rates and varying amortization times. We offer loans for the following purposes:

Business Start-up
Business Expansion
Existing Business Acquisition
Purchase of Assets
Working Capital
Consolidation of Business Debt

Guarantees

We can also offer financing in the form of an operating line guarantee. For an annual fee of 2% of the guarantee, we will pledge our funds as security.

Equity Investments

Funds in the form of equity participation may be provided by LOWBIC to incorporated businesses. The funds invested must assist in the creation or maintenance of permanent or part time jobs in the area.

How To Begin:

Please call Ted Couch, Business Development & Lending Office, at 467-4651 or Email tcouch@lowbic.on.ca to schedule an appointment.

Client Testimonial

SEB’s financial assistance & LOWBIC’s business advice & marketing strategies were essential & greatly appreciated! – Lake Bites Catering

The SEB Program gave me financial support to concentrate on my start-up business without the pressure of personal expense! – Vacuvent

The support provided by the SEB Program assisted me to write a Business Plan and start my business with confidence! - It’s Sew Perfect

LOWBIC’s process was comprehensive & I would work with them again should we require further assistance! – Wind & Water Interiors

The long overdue journey could not have been made possible if it was not for the wonderful staff & support at LOWBIC! - Selah Motel

S.E.B Program provided financial security, the mentoring & assistance I needed to develop my business plan! – North Side Lawn & Garden

LOWBIC’s process and due diligence was easy to work with and my loan was approved quickly! – New Dawn Tanning Salon

LOWBIC is willing to look at projects that exceed a traditional financial institution’s comfort zone, making our dreams a reality! - Loaf ‘N Jug

At a time when we needed financial help with our family business – LOWBIC was there! - Rocky Lake Camps

We took advantage of their business programs & seminars to refine our skills to run our business more efficiently! – Muskie Bay Resort

LOWBIC assisted us with our financial requirements, business plan and our management & bookkeeping! – Hidden Trail Resort

We found the process to be straighforward and quick. The staff is very supportive & willing to help! - Red Deer Lodge

LOWBIC provided capital to carry out renovations & additional funds to purchase equipment for a smooth operation! – The Cornerstone

LOWBIC’s seminars and video conferences have been able to develop my business & marketing skills! – Lacriox Landscaping

Our experience with the LOWBIC staff has been a real success & they made it possible for us to grow our business! - Kendall House B&B

Our consolidated loan allows us to make one payment over a longer term compared to conventional lending! – B&B General Store

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