Small Business Line of Credit Online
A small Business line of credit online offers more flexibility than other types of small business funding in Canada. Get the working capital your business needs in just 24 hours. With no restrictions on how you use your funds.
What is a Line of Credit for Small Business?
A small business line of credit online gives you access to the working capital you need when you need it without the obligations of a fixed term loan. With a business line of credit, you can draw as much or as little as you need as long as you don’t exceed your credit limit. You have the flexibility to draw and repay as many times as you see fit, as long as your business is performing the same way or better than it was when your line of credit was approved. You’ll only pay a fee on the portion of money you draw.
Apply for alternative business credit from SMB Funding® online and get up to $500,000 in funding in just 24 hours.
Who Should Apply for a Small Business Line of Credit Online?
Small business lines of credit are ideal for:
- Purchasing new inventory
- Opening a new location
- Upgrading or replacing equipment and technology
- Bolstering your small business’s marketing
- Filling in cash flow gaps during slow seasons or between projects
Lines of credit for small businesses can benefit attorneys, medical practices, construction companies, restaurants, retailers, and more. No matter what industry you operate in, our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.
Small business line of credit online rates
How Small Business Lines of Credit Online Work in Canada
Grow your business, Just take simple step
How to Use a Line of Credit for Small Business
There are no restrictions on how lines of credit for small business can be used. These loans are typically best used to:
- Fill in cash flow gaps caused by seasonal slowdowns or unexpected expenses
- Fund growth strategies, new equipment, and other costly purchases that have a strong ROI
- Finance an expansion, merger, or acquisition
- Take advantage of seasonal business opportunities such as purchasing inventory in bulk
Small Business Lines of Credit Online Qualification Requirements
There are no restrictions on how lines of credit for small business can be used. These loans are typically best used to:
- Fill in cash flow gaps caused by seasonal slowdowns or unexpected expenses
- Fund growth strategies, new equipment, and other costly purchases that have a strong ROI
- Finance an expansion, merger, or acquisition
- Take advantage of seasonal business opportunities such as purchasing inventory in bulk
