Open
Source verified July 6, 2026
Scotiabank — Credit Line for business
Flexible revolving credit to manage business cash flow needs
Latest source updateLast Update: July 6, 2026Latest change: Scotiabank’s business banking content now shows new credit and promotional offers, updated apply/contact links, and revised bonus wording on some products.View change
Latest source update
Last Update: July 6, 2026
Latest change: Scotiabank’s business banking content now shows new credit and promotional offers, updated apply/contact links, and revised bonus wording on some products.
Business banking offer update
Scotiabank’s business banking page now highlights a new Shell promotion with up to 10¢/L in value and adds Credit Line for business to the product set, while several apply-now and contact destinations have shifted. The SelectAccount for business offer now shows up to $780 in bonuses and savings, and the Scotia Home Hardware PRO Visa Business Card offer changed from up to 15,000 bonus Scene+ points to up to 7,500 bonus Scene+ points in the first 3 months with minimum spend.
Funding available
Varies by project
Deadline
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
- Varies by project
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Black Canadians
- Startups
- Women
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 or incorporation documents, as applicable to the business type
- Supporting documents based on the business type
Official resources
Eligibility
Who is eligible?
- Sole proprietorships
- 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
- First, review the borrowing options available for your business.
- Then, contact Scotiabank by phone at 1-877-552-5522 or book an appointment with a Business Advisor.
- Use the relevant document checklist for your business type: sole proprietorship, partnership, corporation, or not-for-profit association/organization.
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.
Who is eligible for the Scotiabank — Credit Line for business program?
To be eligible for the Scotiabank — Credit Line for business program, you must:
The applicant must be a sole proprietorship, partnership, corporation, or not-for-profit association/organization.
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