Business Lending
Financing for purpose-driven businesses and organizations
We offer flexible financing solutions, competitive interest rates, and easy online access to manage your loan. Our team of experts create tailored financial solutions to help your organization thrive and increase its impact.
Products & Features
Operating Lines of Credit
- Variable interest rate based on prime rate
- Access funds at any time by withdrawing up to your established credit limit
- Only pay interest on the amount you borrow
- Loans starting at $500K
Equipment Financing
- Amortization period: 5-7 years
- Option of fixed or variable interest rate
- Up to 90% financing to cover purchase cost and related expenses
- Interest-only period during installation of new equipment
- Loans starting at $500K
Owner-Occupied Real Estate
- Amortization: up to 25 years
- Option of fixed or variable interest rate
- Loan to value: up to 75%
- Various interest rate term lengths available to meet long-term needs while ensuring that monthly cashflows are effectively managed
- Loans starting at $500K
Term Loans
- Amortization period: 5-7 years
- Option of fixed or variable interest rate
- Loan to value: up to 75%
- Various interest rate term lengths available
- Option of interest-only period for construction loans
- Loans starting at $500K
Succession Financing
- Amortization: 5-7 years
- Option of fixed or variable interest rate
- Loan to value: up to 75%
- Various interest rate term lengths available
- Loans starting at $500K
Looking for a financing partner that understands purpose-driven organizations? Tell us about your financing needs and get started today.
Business Card
With a VCIB Shared Interest Visa Business Card, 10 cents of every transaction will be allocated towards our Shared Interest Fund, which supports social and environmental impact in our communities.
Annual fees are waived for Certified B Corps. Learn more about our card’s flexible rewards and additional benefits.
Learn MoreFrequently Asked Questions
What is the process of obtaining a loan from VCIB?
Contact Us
- Our team will review the documentation and will schedule a call to discuss next steps and any outstanding questions before preparing a Letter of Interest outlining our financing terms.
- After you have reviewed our terms and are ready to proceed, we will prepare a full credit application and provide a credit decision and funding timeline based on your needs. We will then issue a Commitment Letter – a formal binding agreement between a lender and a Borrower.
- Finally, we will prepare all required security documentation and registrations, and will work with you to ensure funds are distributed based on the pre-determined funding schedule.
How can I qualify for a loan from VCIB?
Contact Us
Vancity Group
VCIB is a wholly owned subsidiary of Vancity Credit Union, Canada’s largest community credit union with more than 560,000 member-owners and $34 billion in assets plus assets under administration. As a values-based financial co-operative, Vancity and its members use finance as a force for change to build a clean and fair world.
Federally Chartered
VCIB is a Schedule 1 chartered bank operating under federal guidelines and regulated by the Office of the Superintendent of Financial Institutions.
Certified Beneficial
A B Corp’s™ purpose is to create social and financial value. To belong, they must meet high standards of transparency and accountability, and create positive social and environmental benefit.
Change Maker
VCIB belongs to the Global Alliance for Banking on Values, an international network of banking leaders who make social and environmental change a part of their financial model.