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Source verified July 23, 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
Availability timeline
2026
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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.
What is the deadline to apply?
The program is accepting continuous intake
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