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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)
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)
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
Here are answers to the most common questions about the Scotiabank — Credit Line for business. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
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