Short-term financing for ​your business.

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

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

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

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 >

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

Tools & Resources

Credit Cards

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Loan Calculator 

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Cash Flow Calculator

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Business Loans

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Commercial mortgages

We offer competitive rates for commercial, multiple-use and industrial buildings. Let's find the right option for you.

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Get business fit

Get into shape by building healthy habits for your financial future with our Financial Fitness Series.

LEARN MORE

Business Loans 

Take your business to its full potential. Discover how loans and leases can help grow your business.

LEARN MORE

Guidance you can trust

Join today and see why so many are switching to SASCU.

Guidance you can trust

Join today and see why so many are switching to SASCU.