CANADA TRUST OFFERS BELOW PRIME BUSINESS LOANS
By Adnews Staff
Canada Trust is targeting small businesses in Ontario with its new loan program that it launched this week. Under the deal, small business owners will receive loans at an interest rate of 1% below the prime rate. To qualify, business owners must sign a certificate guaranteeing that they have less than $500,000 in business assets and generate less than $500,000 in annual income. The maximum loan for the one to five-year float rate loans at prime minus 1% is $50,000. The program will be promoted using print and radio ads created by Harrod & Mirlin of Toronto. The campaign will begin next week.
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