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Find a working capital loan that's right for you

 
 

Business Accelerator Loan

NLCU is partnering with BDC* to support our business members with increased access to capital so you can remain competitive and grow. With this loan, you can accelerate the growth of your small business, increase your financial flexibility, and have the opportunity to support sustainable practices.
 

Key features

  • Borrow $25,000 to $500,0001
  • Terms up to 6 years
  • Equal monthly payments
  • No application fees
  • Loan approved and issued by NLCU

If you own a business in Newfoundland and Labrador that has been in operation for at least 12 months, has annual revenue of less than $10 million, and has operating cash flow needs between $25,000 and $500,000, you may be eligible. To learn more, please contact an NLCU Commercial Business Advisor at 1-800-563-3300.

1* BDC’s Accelerator Loan Guarantee is extended to NLCU for loans under this program. BDC’s role is to guarantee loans, which are approved and issued by NLCU.
** Terms and conditions apply. Contact an NLCU Commercial Business Advisor for details.

 
 
 

Business Builder Loan

The Business Builder Loan is ideal for any NLCU business member looking for working capital to start a business, expand, modernize, or diversify your existing small business, make an acquisition, purchase equipment, and more. The Business Builder Loan is supported by the Provincial Small Business Loan Guarantee Program.*
 

Key features

  • Borrow up to $250,0001
  • Terms up to 5 years
  • Amortization up to 10 years
  • No prepayment compensation to apply
  • Loan approved and issued by NLCU

If you own a business that is registered and in good standing with Newfoundland and Labrador, conducts business in this province, and has 100 or fewer employees (including all affiliated companies), you may be eligible. To learn more, please contact an NLCU Commercial Business Advisor at 1-800-563-3300.

*The Government of Newfoundland and Labrador’s Provincial Small Business Loan Guarantee Program provides guarantees on a portion of the principle of the loans. Loans are approved and issued by NLCU.
** Terms and conditions apply. Contact an NLCU Commercial Business Advisor for details.

 
 
 

Need a hand finding the lending solution for you? We're here to help!

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Meet your local business experts

Chantal Welsh

Business Centre Branch Manager
NLCU Business Centre
240 Water Street
St. John’s NL A1C 1B7
 (709) 758-0933
 cwelsh@nlcu.com

Sheila Hynes-Brenton

Commercial Business Advisor
NLCU Business Centre
240 Water Street
St. John’s NL A1C 1B7
 (709) 758-0936
 shynes-brenton@nlcu.com

Dwayne Gaulton

Commercial Business Advisor
NLCU Business Centre
240 Water Street
St. John’s NL A1C 1B7
 (709) 758-8265
dgaulton@nlcu.com

Dafna Ziv

Commercial Business Advisor
NLCU Business Centre
240 Water Street
St. John’s NL A1C 1B7
 (709) 758-0944
dziv@nlcu.com

 
 
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