Having a credit line in place is a lot easier than cashing investments or frantically arranging for a loan. Credit Line for business™ is readily available, low cost financing to accommodate your working capital requirements. It can also help your business establish a record of financial responsibility.

Features

Credit Line for business offers:

• credit up to $250,000 Canadian (up to $500,000 if hard security is provided)
  
  
• exact dollar borrowing to keep interest expenses down
  
  
• interest payable monthly; no set prepayment schedule for principal
  
  
• competitive floating interest rate tied to Scotiabank's prime lending rate
  
  
• unsecured lines of credit available
  
  
• optional life insurance
  
  

Benefits

• You decide when and how much to borrow and you only pay interest on the borrowed amount.
  
  
• You can access funds at a Scotiabank branch or by using any of our electronic banking services.
  
  
• All account activity is recorded on one monthly statement.
  
  
• When you make a deposit to your account, it will automatically reduce your borrowed amount and interest charges.
  
  
• We can also supply a note loan, letter of guarantee, standby letter of credit or commercial letter of credit.

		Take the next step... Apply using our online application, if:  you are requesting an amount up to $50,000  you have been in business two years or more Apply in person at a Scotiabank branch, if:  you are requesting an amount over $50,000  you have been in business less than two years Contact a Small Business advisor Call us at 1-877-552-5522