Sprott Asset Management and B2B Bank, both based in Toronto, have signed a distribution agreement that will allow Canadian investors, through their advisors, to invest in Sprott mutual funds using investment loans at a preferred loan rate.

The loan program is now available to advisors, Sprott announced on Monday.

“This preferred rate loan program will provide advisors and their investors with an alternative solution to allocate Sprott funds to their portfolios,” says James Fox, Sprott president, in a news release.

B2B Bank provides investment, RSP and TFSA loan options to advisors in the mutual fund and insurance sectors to support them in building their client’s wealth.