Line of Credit
A revolving Line of Credit lets you draw funds up to an approved limit as needed, pay interest only on what you use, and access it again as you repay.
Key Features
Suited for short-term, recurring, or unpredictable expenses
Limits ranging from $350k to $40 Million
Structure: Revolving
Draw method: online transfer, wire, cheque and business banking portal
Multi Line available for CAN/USA use
Reduce reliance on higher cost borrowing
Use Cases
Manage expenses during slow periods
Debt service cash flow during AR waiting periods
Use the funds for anything: expansion, inventory, expenses, payroll etc.
Take advantage of seasonal fluctuations and pricing
Rates, Fees & Terms
Starting at bank prime + 0.5% subject to credit strength, revenues, AR balances
$2,500 commitment fee upon application submission
Line of Credit facility fee subject to level of engagement
Term is revolving, subject to annual compliance review
Eligibility
Min 3 years in business
Demonstrated operating history with min. $1 million annual sales
Satisfactory credit profile
Must provide minimum 3 years of accountant-prepared financial statements
Book a Line of Credit Discussion
Not sure where to start? We’re here to help. Every lending relationship begins with a discussion.
Apply for a Line of Credit
Complete the form below and provide 3 years of financial statements and any other supporting documentation to begin the process.