Financing solutions

Business Line of Credit
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Business Banking > Financing solutions > Business LOC

Business Lines of Credit/Operating Loans

YNCU ’s Revolving Line of Credit is designed to support your daily banking activities, assist with your short-term financing needs, and protect against unexpected expenses. This variable rate credit facility is tied to Prime and is connected directly to your Business Chequing Account.

Key Business Benefits

Only pay interest on the actual dollar amounts that are borrowed
Credit limits are based on your borrowing needs
Access your Line of Credit by writing a cheque against your Business Chequing Account, through On-line or Telephone Banking
A monthly statement provides cheque imaging and a consolidated view of your account activity for easy record-keeping