A Bank of Montreal Fixed Rate Term Loan may be the answer. The Details Terms of up to 5 years are available. Interest is fixed for the term selected. An amortization period of up to 15 years is also available. Principal repayment options are monthly, quarterly, semi-annual and annual.
Interest is paid monthly.
Prepayment only on an exception basis and is subject to a penalty during the period of the term selected. Loan cannot be called unless in default as stipulated in the loan agreement. FirstBank Commercial Loan Insurance is available to qualified borrowers.