Business Line of Credit

Business Line of Credit: Managing Your Business Needs

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.
 

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