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Scotiabank — Credit Line for business
Flexible revolving credit to manage business cash flow needs
Last Update: March 3, 2026
Funding available
$ 1,000,000
Timeline
- Open continuously
Location
Canada
Overview
Scotiabank’s Credit Line for business provides unsecured revolving credit of up to $1,000,000 to help businesses manage cash flow by covering general operating expenses and working capital needs. Eligible activities include borrowing exact dollar amounts as needed and repaying and re-borrowing funds up to the approved credit limit, with access available through Scotia OnLine.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 1,000,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Finance and insurance
Location
- Canada
Legal structures
- For-profit business
- Sole proprietorship
- Non-profit
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
- Startups
Non-profit candidates
Sector of operation
- All industries
Target groups
- All the groups
Revenue structures
- All structures
Scope
- All dimensions
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Managing ongoing short-term cash flow needs to supplement working capital.
- Financing general operating expenses through a revolving business credit facility.
- Funding one-time business purchases (e.g., equipment, inventory, vehicle, property) where a purchase agreement/bill of sale is provided.
Documents Needed
- Government-issued identification for authorized signatories (1 photo ID, or 2 IDs from independent sources)
- Business registration/incorporation documents (e.g., Articles of Incorporation, trade name registration, partnership declaration/agreement, or association bylaws/constitution)
- Last 2 years of business year-end financial statements (signed)
- Bank account statements from other financial institutions (last 3 months)
- Last 2 years of income tax Notices of Assessment and tax returns (as applicable to the business type)
Official resources
Eligibility
Who is eligible?
- Sole proprietorships
- Partnerships (including limited partnerships)
- Corporations
- Not-for-profit associations/organizations
Eligible expenses
- General operating expenses
- Working capital needs
- Short-term cash flow needs (to supplement working capital)
How to apply
1
Assess your borrowing needs
- Review how a business credit line works (revolving credit up to a pre-determined limit)
- Confirm it fits short-term cash flow, operating expenses, and working capital needs
2
Confirm business type requirements
- Confirm your business type: sole proprietorship, partnership, corporation, or not-for-profit association/organization
- Note that sole proprietorships and partnerships require a personal guarantee
3
Prepare core financial documents
- Gather bank account statements (including other financial institutions) for the last 3 months
- Gather year-end financial statements for the last 2 years (signed by the owner/officer(s))
4
Compile business identity documents
- Provide valid, current identification for up to 3 authorized signatories (as applicable)
- Provide trade name registration or applicable organizing documents (e.g., Articles of Incorporation/Association, partnership declaration/agreement, constitution and bylaws)
5
Add start-up business plan
- If you are a start-up (operating for less than 2 years), prepare a business plan with 24-month projected income statement, cash flow statement, and opening balance sheet
- Include interim financial statements since inception, if available
6
Prepare any additional documents
- If financing a business asset purchase, prepare the Bill of Sale/Purchase Agreement (price, serial number/VIN, description, etc.)
- If a not-for-profit solicits public donations, provide the CRA registration number (if applicable)
7
Meet a Business Advisor
- Book an appointment with your local Scotiabank Business Advisor
- Ensure business owners and/or signing authorities attend the branch appointment (as applicable)
8
Submit and await decision
- Submit your application and the required documents
- Wait for a response, typically within the week after submission
Processing and Agreement
- Scotiabank reviews your application and supporting documentation as part of its credit approval process.
- Credit decisions consider factors such as the owner’s income (last two tax years), the business’ financial statements, the forward-looking business plan, and in some cases the owners’ personal credit history.
- After all documentation is submitted, Scotiabank typically provides a response within the week.
- If approved, the credit line is set up as revolving credit, allowing you to borrow up to the approved limit and re-borrow as you repay.
- Approval is subject to credit approval, and conditions may apply.
Additional information
- Revolving credit allows you to re-borrow funds up to your approved limit as you repay your balance.
- Competitive floating interest rate is tied to Scotiabank’s prime lending rate.
- Activity is recorded on a single monthly statement.
- Optional Comprehensive Insurance is available.
Contacts
Frequently Asked Questions about the Scotiabank — Credit Line for business Program
What is the Scotiabank — Credit Line for business?
Scotiabank’s Credit Line for business provides unsecured revolving credit of up to $1,000,000 to help businesses manage cash flow by covering general operating expenses and working capital needs. Eligible activities include borrowing exact dollar amounts as needed and repaying and re-borrowing funds up to the approved credit limit, with access available through Scotia OnLine.
How much funding can be received?
Scotiabank — Credit Line for business Funds up to $1,000,000 of admissible expenses.
What expenses are eligible under Scotiabank — Credit Line for business?
Managing ongoing short-term cash flow needs to supplement working capital.
Financing general operating expenses through a revolving business credit facility.
Funding one-time business purchases (e.g., equipment, inventory, vehicle, property) where a purchase agreement/bill of sale is provided.
Who can I contact for more information about the Scotiabank — Credit Line for business?
You can contact Scotiabank or by phone at 1-877-552-5522.
Where is the Scotiabank — Credit Line for business available?
The Scotiabank — Credit Line for business program is available across Canada.
Is the Scotiabank — Credit Line for business a grant, loan, or tax credit?
Scotiabank — Credit Line for business is a Loans and Capital investments
Who are the financial supporters of the Scotiabank — Credit Line for business?
Scotiabank — Credit Line for business is funded by Scotiabank