Working capital you can draw on when you need it.
A revolving business line of credit lets eligible businesses manage working capital, operating expenses, inventory and seasonal cash flow without taking a fixed instalment loan every time a need comes up. Credit limits range from $15,000 to $100,000, with rates from 0.99%.
Rates from
0.99%
Credit limits
$15,000–$100,000
A line of credit is not an instalment loan.
It is a revolving line of credit: you draw what you need, up to your approved limit, and pay interest on the amount actually drawn. The calculator on this page estimates a period interest cost on the drawn amount — it is not a fixed monthly payment, because a line of credit does not work that way.
What we can finance
Who this is for
Compared with a bank
A bank needs weeks. We need 24 hours.
When a business needs capital or equipment, it needs an answer now. A traditional bank branch underwrites on financial statements, collateral and personal credit, and its review can run for weeks. Our commercial lenders underwrite on your business revenue and banking stability — so we can move far faster.
What a traditional bank branch asks of you
A minimum personal credit score to be considered
Three years of financial statements, every time
Home collateral or real estate security
Review that can run for weeks before a decision
What our commercial lenders ask for instead
No impact on your personal credit
Commercial funding is set up under your business. It does not appear as a monthly trade line on your personal credit file, so adding equipment doesn't count against your personal borrowing.
No financial statements required
We do not need financial statements at all to qualify. No three years of year-ends, no accountant's package to assemble.
No home collateral
You are not putting your house on the line. No real estate security is required to qualify.
Approvals within 24 hours
Decisions come back within 24 hours, with unsecured loan funding in your bank account within 2 business days.
The lender makes the decision and sets the terms — our job is to get your application in front of the right one.
Estimate your financing
Line of Credit calculator
Adjust the amount, rate and term to see how the numbers move. This calculator loads with $25,000 as its default.
Line of Credit Calculator
$15,000–$100,000 · Rates from 0.99%
Your estimate
A business line of credit is a revolving line, not an instalment loan. The figure above is a one-month interest estimate on the drawn amount at the rate shown, based on a monthly rate basis. It is not a required monthly payment.
Illustrative only — your rate and approved amount depend on the program, the vehicle and the applicant. Full disclosure
How the process works
What happens after you reach out.
Apply online
Tell us the credit limit you are looking for and roughly what you would use it for. There is no obligation to continue, and applying does not affect your credit score.
We review your business
Qualifying programs look at your business revenue, banking history and cash flow — not just a credit score. We identify which lenders are most likely to consider your profile.
Fast decision and funding
Decisions come back within 24 hours for eligible applications. On approval, funds are deposited directly into your business bank account to open the line.
Automatic repayments set up
We set up convenient automatic repayments on the weekday you choose — daily or weekly — so nothing is missed and there is one consolidated repayment to track.
Draw on it as needed
Request a draw whenever a cost lands and approved funds are typically deposited within one business day. Draw as little as a few hundred dollars or up to your full approved limit.
Pay only for what you use
You are only charged on what you borrow, not on the whole limit. Pay it down as revenue comes in — with no penalty for early repayment — and draw again whenever you need it.
Frequently asked questions
- How is the 0.99% rate calculated?
- 0.99% is our advertised starting rate for a business line of credit, quoted per month. It is a starting point for eligible businesses — the rate that applies to your line depends on your business profile and is confirmed in your offer before you commit to anything.
- Is the rate charged monthly?
- Yes. Our advertised starting rate is 0.99% per month. When we bring you an offer, we set out the rate that applies to your line along with what it works out to in dollars on the amount you draw, so you can see the full cost before you proceed.
- What's the difference between a line of credit and a loan?
- A loan advances a fixed amount that you repay on a set schedule. A line of credit gives you an approved limit you can draw against, pay down and draw against again — you only pay for what you use. Draws can be as small as a few hundred dollars or up to your full limit, and no matter how many times you draw, you work with one balance and one repayment rather than a new application each time.
- What credit limit can I get?
- Our advertised range is $15,000–$100,000, subject to lender approval, eligibility and transaction requirements. The limit is set by the lender based on your business — its revenue, banking history and cash flow. If your requirement is larger than the range shown, tell us, because other programs and lenders we work with can consider higher limits.
- What do lenders look at when they review my business?
- Qualifying programs commonly review three things: your business revenue, your banking history, and your cash flow. In practice that usually means a business bank account held with a Canadian financial institution, a business history of roughly six months or more, and a minimum level of annual sales. Requirements vary between programs, so we tell you what the relevant one actually needs before you apply.
- How fast can I get funds, and how do I access them?
- Decisions come back within 24 hours for eligible applications, and once your line is opened you can typically receive funds by electronic transfer to your business bank account. Many programs also support real-time draws, where smaller amounts can move to your account in minutes rather than days. We confirm the exact access and transfer method that applies to your line as part of the setup.
- What does it cost to pay it down early?
- Nothing in the programs we place. You can make an unscheduled repayment at any time, and paying down faster reduces the balance you are charged on. That is the main advantage of a revolving line over a fixed loan — as cash comes in, you can put it against the balance and free up room under your limit for the next time you need it.
- Who is a business line of credit best suited to?
- Businesses with steady revenue but uneven timing of costs — contractors with seasonal peaks, retailers buying inventory ahead of a busy period, or any company that would rather have capital available to draw on than take a fixed loan every time a need comes up. If your costs land before your revenue does, a line of credit smooths that gap.
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Ready to get started?
One team, one point of contact, from application through funding.
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