Flexible solutions to help you stay ahead of things.
This type of loan is often the most cost efficient, convenient way to finance the week-to-week, month-to-month operating expenses of your business. Our lines of credit allow you to draw on your business chequing account up to an arranged line of credit limit. As you deposit funds, you pay down your line of credit, reducing interest costs.
Protection at any time against overdrawing your account or having returned cheques because of inadequate funds. Monthly payments are based on a percentage of the outstanding balance.
We provide a letter of credit in the event that a business is unable to make payment to a vendor. The bank will be required to cover a pre-approved amount or the remaining amount owed to the vendor.