A line of credit helps to manage your day-to-day business expenses and cash flow.
A pre-authorized borrowing limit is attached to your Business and Agriculture Chequing Account.
You only pay interest when you use it and you repay the amount borrowed by making a deposit to your chequing account. The unutilized borrowing limit remains available to be used at any time.
- Borrow funds by withdrawing from your chequing account.
- Repay the amount borrowed by making a deposit to your chequing account.
- Pay interest only when you use your Line of Credit.
- Assets generally accepted as collateral include accounts receivable, inventories, equipment and real estate.
We offer loan insurance on all our business and agriculture lines of credit, loans and mortgages to help protect your business and pay your debt should a disability or death occur.