LINE OF CREDIT

Take control of your cash flow

the smart way.

Amount image

Loan Amount

Amount

$50,000 to $500,000

or 10%-15% of your annual revenue

intrestRatePhoto

Interest Rate

Prime + (2% - 3%)

TermPhoto

Term

Revolving credit - flexible access,

no fixed repayment schedule

QUALIFICATION CRITERIA

Based in Ontario Image

Business is based

in Ontario

Business Operations Image

Operating for

6+ months with at least

3 months of revenue

Cash Flow Image

Heavy cash flow

($15K+in/out monthly)

or large account

receivables ($50K+)

Credit Score Image

Credit score of 670

and above

APPLICATION PROCESS

View Required Documents Icon

Frequently Asked Questions

What is a Line of Credit (LOC)?

How does a Line of Credit (LOC) differ from a traditional loan?

Who is eligible for an LOC?

How much capital can a business access through a LOC?

What are the interest rates for an LOC?

What fees are associated with an LOC?

How long does it take to receive funding?

What documents are required to apply for an LOC?

Are clients personally liable for the LOC amount?

Can I qualify for an LOC if I am not an existing client of the bank?

Can I apply for a LOC if I have been rejected by another bank?

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