Is your goal to start your own business or expand an existing one? Spiritwood Credit Union Limited can help with your goals!

What You Need to Do: Prepare a Business Plan

Explain:

• Your company
• Your product/service or technology
• Your market, marketing plan and sales objectives
• Analyze your competitors, environment, and business risk
• Organizational structure, key positions, owners and personal resumes

Complete prospective financial information:

3 years of historical financial statements (minimum) for existing business

• Projected income statements, balance sheets, and cash flow statements
• Explanation of assumptions
• Financing Proposal - purpose of financing
• Personal cash involvement, and operating vs long term debt structure
• Personal net worth of principal owners
• Appraisal Required on Property and Equipment

Reference your professional contacts:

• Accountant and Lawyer

We offer a wide range of commercial loan products to help make your business a success.

• Term Loans
• Mortgage Loans
• Revolving Line of Credit
• Loan Approval – usually within five days
• Business Improvement Loans
• Quick Loans
• No prepayment penalty