Business Line of Credit
Manage your cash flow, cover emergency expenses, and avoid NSF charges.
Meet your present and future borrowing needs.
Features of this line of credit
- Borrow $5,000 or more
- Conveniently linked to your primary SCU chequing account, so you can avoid paying NSF charges and receive a lower interest rate on your negative balance
- Interest calculated daily and debited from the account at the end of the month
- Secured and unsecured options available
- Additional disability, life, and critical illness insurance is available for qualifying borrowers *
Benefits included with all of our lines of credit
Pay interest only on the amount you use, with competitive and affordable rates
Receive answers quickly and efficiently with in-house approvals
Select payment options and terms that fit your budget
Ready to apply for a business line of credit?
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Tips & tools
Here are a few ways for you to get the most from your line of credit.
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Insights & Advice
Disclaimer:
Loan / line of credit / mortgage insurance coverage is optional and is underwritten and provided by CUMIS Life Insurance Company. Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.
Loan / line of credit / mortgage insurance coverage is optional and is underwritten and provided by CUMIS Life Insurance Company. Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.
