The operating line of credit is available for day-to-day operating expenses. With a Line of Credit enjoy immediate access to pre-approved funds whenever you want, once approved there is no need to apply every time you require extra funds.
- Easy to apply
- Overdraft protection up to a pre-authorized limit
- Interest much lower than credit cards
- If you don’t use it you don’t pay interest
- Interest is calculated only on the negative balance in your account on a daily basis, charged monthly
- Funds can be accessed by writing a cheque, using your MEMBER CARD® debit card, or withdrawing funds in person on the connected chequing account
Click here for the business loan calculator.