Credit Line for business

Right for you if: 

  • You want readily available, low cost financing

  • You want to establish a record of financial responsibility

  • Low cost line of credit
    Borrow up to $250,000 CAD (up to $500,000 if hard security is provided).

  • Interest payable monthly;
    no set prepayment schedule for principal

  • Unsecured lines of credit available

  • PLUS:

    All account activity is recorded on one monthly statement.

    We can also supply a note loan, letter of guarantee, standby letter of credit or commercial letter of credit.

    Learn more about Credit Line for agriculture

    Features

    • Credit up to $250,000 CAD (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
    • Scotia Business Loan Protection (Optional)

    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.
    • When you make a deposit to your account, it will automatically reduce your borrowed amount and interest charges.

    Ready to apply

    Phone

    Prefer to talk to us

    Mon-Fri

    1(877)552-5522
    In Person

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