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Commercial Loan
Prosperity ONE offers this type of loan for sole proprietors, partnerships or incorporated companies.
- This Prosperity ONE commercial loan is available for the benefit of a business enterprise for the development, production and sale of goods and/or services.
For more details CLICK HERE to contact our Prosperity ONE specialists.
Line of Credit
- A Line of Credit is a pre-arranged and approved loan which allows you to borrow money up to a pre-determined amount without arranging for individual loans.
- You apply once for a line of credit and after approval is obtained, advances up to the line of credit limit can be withdrawn, usually by cheque or personal withdrawal.
- Interest is only on the amount of the outstanding loan for the period used.
- Line of Credit interest is calculated on the daily closing balance and charged to the account monthly.
For more details CLICK HERE to contact our Prosperity ONE specialists.
Overdraft Protection
- This specific line of credit is a convenient service which guarantees a specific amount of credit to cover cheque withdrawals in excess of funds available in a chequing account.
- Interest is charged only when the line of credit is used.
- The variable interest rate on the line of credit is calculated on the daily closing balance.
- Interest on the line of credit is charged to the account at the end of the month.
For more details CLICK HERE to contact our Prosperity ONE specialists.
