New Connects Financing Program

 

Program details

For loan applications greater than $25,000, we will estimate the creditworthiness of potential borrowers. We will take into account past credit history, personal net worth and debt servicing burdens for individuals, and the financial strength of corporations through the review of corporate financial statements.

Depending on the circumstance, we may require:

  1. A personal guarantee by primary shareholder(s) in the case of corporations

    2. or

  2. A charge against the property or equipment being serviced in the case of corporations or individuals.

In all cases, for loans greater than $25,000 a caveat will be registered against the property being serviced. SaskPower reserves the right to refuse a loan application if it deems the applicant has inadequate financial ability to service the loan.

$ 1,000* - $ 25,000

$ 25,001 - $ 2,000,000
Term of Loan Interest Term of Loan Interest

1 Year

8.30%

1 Year

7.70%
+$150 administration fee

2 Years

8.45%

2 Years

7.85%
+$150 administration fee

3 Years

8.60%

3 Years

8.00%
+$150 administration fee

4 Years

8.70%

4 Years

8.10%
+$150 administration fee

5 Years

8.85%

5 Years

8.25%
+$150 administration fee

10 Years
only available on loans
$5,001 and above

9.30%

10 Years

8.70%
+$150 administration fee

*Minimum residential / farm loan $1,000. Minimum commercial loan $5,000.