Business Line of Credit:
Managing Your Business Needs
The Millpond - Ayr - Al Siemens
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
- Pay interest only 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 Online or Telephone Banking
- A monthly statement provides cheque imaging and a consolidated view of your account activity for easy record-keeping.