Expand and Upgrade

Term Loans

Whether you are purchasing a new vehicle, piece of equipment, or need a cash injection to grow your business, a term loan can help finance your company’s long term growth.







Small Business Improvement Loans

Prospera is proud to participate in the Canada Small Business Financing Assistance program.



This program is designed to provide business term loans for:
  • The purchase – or improvement of – fixed assets
  • Leasehold improvements
  • New or expanded premises


Business owners do not necessarily have to provide personal assets as security and personal guarantees may be limited.


Commercial Mortgages

Whether you are looking for a commercial mortgage to finance the purchase, renovation or refurbishing of properties, we have a solution for your business.



We can help with basic or sophisticated commercial mortgage needs, including:
  • Multi-family residential properties
  • Subdivision developments
  • Retirement homes
  • Industrial complexes
  • Manufacturing premises


Commercial mortgages are available with fixed or floating (variable) interest rates, as well as flexible terms, amortizations and repayment options.



Letters of Credit

A letter of credit is a great assurance of repayment to a third party to allow you to build or expand your business.



A promise from Prospera, on your behalf, that funds are available and payment of a specified amount will be made to the beneficiary. Examples include:
  • Dealing with a local municipality who requires a guarantee for site services
  • A supplier who needs a guarantee of payment before shipping a product


This solution allows you to maintain cash flow and working capital by eliminating the need to make advance payments or deposits.