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Business Banking
Looking to start a business? Or to keep your business financially sound without excessive service charges or having to pay for the privilege of being a bank customer?
Carpathia offers a full range of commercial and not-for-profit financial products and services. And we’re still growing after 70 years because of the investments we make together to grow our economy, create jobs and preserve our heritage.
Chequing Accounts
Our Chequing Accounts offer:
- business style customized cheques
- imaged cheques returned along with your descriptive monthly statement
- Line of Credit available (OAC)
- complete over the counter in-branch service, six days a week
- Electronic Fund Deposits and Withdrawals (EFD/EFW) available
- TeleService and Internet access available
- Business deposits can be mad via ATM at any branch of Carpathia Credit Union
US Dollar Accounts
- monthly maintenance fee for business U.S. Accounts is $4.50 per month
- U.S. business style cheques are available
- Night depository available at all branches
- U.S.$ Term Deposits available
Investment Saving Account
Our Investment Saving Account offers competitive rates, subject to minimum balances.
Commercial Line of Credit
- collateral can include accounts receivables margined monthly based on an agreed upon formula
- competitive variable interest rate based on Prime and type of collateral offered
- Interest is calculated daily, dependant on use and charged monthly
- Interest paid is eligible for our patronage dividend program
- No set repayment, only regular deposits are necessary
- Recorded on a descriptive monthly statement
Commercial Term Loans
- approved lender under the Canada Small Business Financing Act (CSBFA), and Rural Entrepreneur Assistance Program (REA)
- competitive variable interest rate based on Prime and type of collateral offered
- fixed interest rates also available
- interest paid is eligible for our patrongage dividend program
- convenient repayment terms available
- our commercial loan application fees are among the lowest in the industry
- collateral can include a charge on equipment, new or used and/or real estate assets
Commercial Real Estate Mortgage Loans
- approved lender with the Canada Mortgage and Housing Corporation (CMHC)
- competitive variable or fixed rates from 6 months to 5 years available
- interest paid is eligible for our patronage dividend program
- flexible repayment terms and amortization periods available
- mortgage re-advancements available
And here’s another important plus: every dollar on deposit at Carpathia is 100% guaranteed without limit by the Deposit Guarantee Corporation of Manitoba—even if it’s a commercial account.
