A term loan for a commercial mortgage is a long-term borrowing arrangement typically used to finance the purchase or refinancing of commercial real estate properties. It involves a fixed interest rate and a specified repayment term, often ranging from 5 to 25 years, providing stability and predictability for business owners seeking to acquire or maintain property for their operations.

A flexible financing option that allows a company to borrow funds up to a predetermined limit, which can be used for various short-term operational expenses, such as inventory purchases or managing cash flow, with interest paid only on the amount borrowed.

The Canadian government and various provinces offer different types of grants, loans, and financial support programs to assist small businesses, each with its own eligibility criteria and terms. These programs are aimed at helping Canadian small businesses access capital and support for various business needs.

A real estate loan provided by a non-institutional lender, such as an individual or a private investment company, to finance the purchase or refinance of a commercial property. These loans often offer more flexible terms and eligibility criteria compared to traditional bank loans but may come with higher interest rates.