Types of financing
1)Revolving Credit- Works just like having a credit card that can be used for purchases with BCE. Purchases can be 0% up to 18 months or up to 4 years at a fixed rate. The terms can be set at the time of each purchase. As the credit line is paid down, the remaining credit can be used for future purchases. Short term programs(0%, 18month) are normally limited to smaller purchases.($15,000 or less).Application can be finished online by clicking the link.
2) This option is a more traditional loan. Available to businesses as well as individuals(no business name required). Once application is submitted, we usually have an answer within 10-20 minutes(during business hours). This type of financing usually offers better rates but does requires higher credit scores than option 2. Also, this type of financing can be paid off at any time without fees or penalties.
These programs are usually available with $0 down.
Finance terms can be selected after approval. Terms are selected when purchase documents are generated. Larger purchases would be on the longer term programs(2-6 yrs). All programs can be paid off at any time with no penalty.
Please apply below or call with any questions on how this financing works.
This is a good option for business that prefer a Lease/Purchase. Approval is instant and does not impact credit score.