Financing Designed for
Your Success Story Starts Here.
WHAT IS IT?
Home Owners get access of up to $500,000 of the Equity in their Home or Income Property to purchase or invest in a Franchise or Business.
Access funds via a convenient Credit Card for easy use in store, online. Also comes with cheques.
Ideal solution for clients looking purchase their first location, OR for Franchisees ready to Expand & Purchase additional locations.
Declare Low Personal Income? No Problem. We'll qualify you based on Business Bank Statements.
Contract and Non-Salaried Incomes Also Accepted.
START-UP Financing Program Available.
Earn 1% Cash Back on All Purchases
21-Day Interest Free Period on Purchases
Interest Only on Credit Used
Purchase & Fraud Insurance
Convenient Fund Access: In-Store, Online and ATM.
FEES & RATES
No Upfront Fees
No Annual Fee, No Monthly Fee
Rates from 4.99% to 9.99%
Credit Line Rates are FIXED. Do not fluctuate with Prime.
One Time Processing Fee of 2.99%
Processing Fee & Closing Costs can be charged to Credit Line
Limited to Residential & Rental Properties Only
1st and 2nd Position stay at the Same Interest Rate
LOW PERSONAL INCOME.
"As a Franchise Owner I don't declare much personal income for tax purposes. This has always been an issue for me to qualify for Financing.
The B500 used my business bank statements to qualify me. I was approved for $500K and used the funds to purchase and set up my 3rd location. Amazing product."
Manjeet S, Mississauga ON
"After 20 years in business, we really needed to renovate our Restaurant. The Bank said our financials weren’t strong enough for a Business Loan.
But based on my Business Bank Statements we were Approved for a $400,000 Business Credit Line. Reno's are done and I can pay back at my own pace"
Dave & Lillian T. - Hamilton ON
FINALLY, I'M AN OWNER.
"I've worked as an employee for years. I've always wanted to buy my own Franchise. The B500 gave me the opportunity to do that. I purchased my own Franchise and had enough funds for all of my start up costs. This product truly changed my life."
Joe F - Maple, ON
“I purchase all of my inventory and office supplies with The B500 because
I get 1% Cash Back on everything and pay NO INTEREST for 21-days. This was an absolute game-changer for me & my business."
Charlene Y. Markham ON
OUR SIMPLE 3 STEP PROCESS
Submit Your Paperwork
We hop on a quick call to let you know what we need to get started. We can let you know how much you qualify for in just 48 hours.
Accept the Terms
Once you choose the rate & the credit line amount you prefer, we'll order an appraisal.
Sign The Final Documents
Many of our clients choose to sign with us over the phone.
Next we complete the process by signing with a lawyer - we can send one to you! They'll wrap things up & issue you the funds.
Use Equity to Build & Grow Your Business.
You've built your business with a lot of know-how and some serious sweat equity. Take your business to the next level by using the equity in your home and get up to $500,000.
Fine Print: Maximum 65% LTV for EquityLine Visa, maximum 80% LTV for EquityLine Visa and 1st mortgage combined. Rates are subject to change at any time. Each mortgage application is subject to approval based on its merits in accordance with Home Trust’s policies and guidelines. One time processing of 2.99%, charged to the card.
® Registered trademark of Home Trust Company. * Visa Int./Home Trust Company, Licensed user of mark. The rate used to calculate the GDS and TDS ratios for all mortgages will be the greater of the contractual mortgage rate or EquityLine Visa rate (offer rate) plus 2% or the five-year benchmark rate published weekly by the Bank of Canada. Non-conventional mortgage applicants must also qualify for mortgage insurance and are responsible for the insurance premiums.