Scotia Farm Operating Line
Right for you if:
You want a revolving line of credit
You want payment flexibility tied to seasonal cash flow
tied to seasonal cash flow.
Ease of access to funds
Simple record keeping of expenses
Optional life insurance.
- Credit above $1,000,000 Canadian
- Interest payable monthly; no set prepayment schedule for principal
- Competitive floating interest rate
- 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
- We can also supply a note loan, letter of guarantee, standby letter of credit or commercial letter of credit