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Scotiabank — Credit Line for business

Q: How much funding can be received?

Scotiabank — Credit Line for business Funds up to 1000000% of admissible expenses.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the Scotiabank — Credit Line for business a grant, loan, or tax credit?

Scotiabank — Credit Line for business is a Loans and Capital investments

Q: Who are the financial supporters of the Scotiabank — Credit Line for business?

Scotiabank — Credit Line for business is funded by Scotiabank

Q: Who is eligible for the Scotiabank — Credit Line for business program?

Eligibility criteria are not specified.

Q: 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.

Q: Where is the Scotiabank — Credit Line for business available?

The Scotiabank — Credit Line for business program is available across Canada.

Q: Are startups eligible for the Scotiabank — Credit Line for business program?

Yes, startups are eligible to apply for the Scotiabank — Credit Line for business program.

Last Update: January 19, 2026

Canada

Flexible revolving credit to manage business cash flow needs

Loans and Capital investments

At a glance

Funding available

Financing goals

No objectives are currently available

Eligible Funding

Maximum amount : 1,000,000 $

Timeline

Unspecified

Eligible candidates

Eligible Industries

Finance and insurance

Location

Canada

Legal structures

Non-profit
For-profit business
Sole proprietorship

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

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.

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.

Eligibility

The applicant must apply for a Scotiabank Credit Line for business and obtain credit approval.
The applicant must be an eligible business type: sole proprietorship, partnership, corporation, or not-for-profit association/organization.
The applicant must provide required supporting documentation (e.g., bank statements and business/financial documents as applicable to the business type).
For sole proprietorships or partnerships, the owner(s) must sign a personal guarantee.
The requested credit line must fall within Scotiabank’s available unsecured limits (up to $1 million), subject to Scotiabank’s credit decision factors.

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

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

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

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))

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)

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

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)

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)

Submit and await decision

Submit your application and the required documents
Wait for a response, typically within the week after submission

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

1-877-552-5522

Canada

Apply to this program

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.