Business Lines of Credit
A revolving credit facility that lets you access funds as needed, only paying interest on what you use - great for managing unexpected costs or opportunities.
What is a Business Line of Credit?
A business line of credit is a flexible financing solution that works like a credit card for your business. You're approved for a maximum credit limit, and you can borrow up to that amount as needed. You only pay interest on the amount you actually use, and as you repay, that credit becomes available again.
Revolving Credit
Borrow, repay, and borrow again
Pay for What You Use
Interest only on borrowed amount
Who Qualifies for Business Lines of Credit?
Qualification Requirements
- Business operating for at least 12 months
- Monthly revenue of $20,000+
- Good credit history
- Canadian business with valid business number
Ideal For
- Established businesses with steady cash flow
- Companies needing emergency funds
- Businesses with seasonal fluctuations
- Companies pursuing growth opportunities
Common Uses for Business Lines of Credit
Emergency Expenses
Unexpected repairs, equipment breakdowns, urgent needs
Cash Flow Management
Cover gaps between receivables and payables
Inventory Purchases
Stock up on inventory for seasonal demand
Growth Opportunities
Seize unexpected business opportunities
Benefits of Business Lines of Credit
Flexibility
Access funds whenever you need them
Cost Effective
Only pay interest on what you borrow
Revolving
Credit replenishes as you repay