Business
Finance
Lines of Credit

Short-term financing for your business.

Total convenience and flexibility,
allowing you access to your funds
as you need them.

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Short-term financing for your business.

Total convenience and flexibility, allowing you access to your funds as you need them.

Take care of day-to-day business expenses

Discover the benefits

Know what to expect

Types of lines of credit

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How you benefit

Benefits

Our lines of credit offer a wide-range of benefits, including:

Overdraft protection on your business chequing account to give you added protection
Lower interest rates than most credit cards
Ability to save money through early payment discounts
Access to funds 24-7 through online banking
Flexible repayment options and ongoing access to funds up to your line of credit limit

How you benefit

Benefits

Our lines of credit (LOC) offer a wide-range of benefits, including:

Overdraft protection on your business chequing account to give you added protection
Lower interest rates than most credit cards
Ability to save money through early payment discounts
Access to funds 24-7 through online banking
Flexible repayment options and ongoing access to funds up to your line of credit limit

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Know what to expect

The process

First, determine if your business can benefit from short-term financing. A business can benefit from an LOC when supporting cashflow while waiting for receivables to come (i.e. covering seasonal start up expenses, small, unexpected expenses, or inventory).

If you need short-term financing or further guidance, contact us to book an appointment with a Business Advisor.

For your appointment, please prepare to bring your business' financial statements and cash flow projections. This will allow our Advisors to understand your business' financial position and as a result, provide tailored solutions.

Speak to an Advisor today >

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Understand lines of credit

Two types

A line of credit is a variable-rate loan that allows you to borrow up to specific limit on an ongoing basis. The two types are:

Unsecured line of credit — for covering short-term cash flow needs and overdraft protection
Secured line of credit — receive a lower interest rate, interest-only monthly payments, and an option of a higher credit limit

Understand lines of credit

Two types

A line of credit is a variable-rate loan that allows you to borrow up to specific limit on an ongoing basis. The two types are:

Unsecured line of credit — for covering short-term cash flow needs and overdraft protection
Secured line of credit — receive a lower interest rate, interest-only monthly payments, and an option of a higher credit limit