Business Loans and Financing


Grow your business with PenFinancial

Whether you're a small business owner, commercial company, or agricultural operator, financing is often the key to success. Find the financing option that works for your scale and sector with truly local banking at PenFinancial. With loans, mortgages, lines of credit, and more, PenFi’s Commercial Business team can help you get growing today!

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Why choose PenFinancial for your business financing?

A friendly & experienced team dedicated to their profession, with a strength in Commercial Real Estate, Land Development and Construction Financing.

Flexible structuring and prompt processing of construction draws.

Boutique-style service gives your business direct lines of contact with a dedicated account manager & support team committed to high service standards.

Truly local banking that strives to support the incredible variety of businesses that call Niagara home. Headquartered in Niagara, PenFinancial cares about local communities and understands your markets.

Locally-made credit decisions, made right here in Niagara.

Strong relationships with a wide variety of businesses and other professionals, including lawyers, accountants, and appraisers to ensure the best possible solutions for you. With these relationships, the commercial banking team stays tapped into the pulse of your markets and the needs of the local business community. 

A regional branch network provides easy access to Members.

Maple Leaf Canada

Canada Emergency Business Account (CEBA)

The Canada Emergency Business Account (CEBA) is a $40,000 limited-time, interest-free loan for your business until December 31, 2022. Developed as part of the Government of Canada's response to COVID-19, up to 25% of the loan is forgivable if paid in full before the December 2022 deadline.

As of June 26, 2020, the Government of Canada expanded the eligibility criteria for CEBA and more Canadian small businesses are eligible to apply. Businesses with a 2019 payroll between $20,000 and $1,500,000 are still eligible to apply, and in addition, businesses with a 2019 payroll of $20,000 or less may now qualify for CEBA.

Because of these expanded criteria, businesses such as sole proprietors and family-owned businesses that pay employees through dividends, among others, may now be eligible.

Learn more about CEBA →

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Lines of Credit

Plan for all the possibilities by securing a commercial business or agricultural line of credit. This revolving, pre-approved, competitive interest rate credit line provides money for working capital.

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The right loan can get your business started or keep it going. Whether you want to refinance an existing loan or get a new one, PenFinancial's commercial business team will work to find the right fit for you. With competitive interest rates and terms suited to your needs, a loan can keep your small business, farm, or corporation humming. 

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Constructing a new build? Expanding your farmland? Revamping an existing property? Get a business or commercial mortgage to finance the purchase, renovation, or refurb of your commercial, agricultural, or multi-residential properties.

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Canadian Agricultural Loans Act

Want to establish, improve or develop a farm? The Canadian Agricultural Loans Act (CALA) program is a financial loan guarantee program that gives farmers easier access to credit. It can also help agricultural co-ops access loans to process, distribute, or market the products of farming.

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Strengthening communities and the businesses that support them

The right business banking solutions can save you time and money. Connect with PenFinancial’s Commercial Business team to learn how your business can thrive with truly local banking solutions.