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Business line of credit

Financing

Business line of credit

Flexible, ongoing access to funds for your daily business operations

How to apply

Simple, flexible business financing

A line of credit gives you the option to borrow what you need, when you need it. It’s great for ongoing cash flow management, and you get monthly statements to give you a consolidated view of your account activity. Credit limits are unique to your business, we’ll set them based on your business needs.

Why choose a line of credit?

Deposits to your business chequing account are automatically credited to the outstanding balance on your line of credit, lowering the amount of interest you pay monthly.

Lower your overall borrowing costs by borrowing only what you need, at a competitive, variable interest rate1.

Use your line of credit for all your working capital needs: increasing inventory, financing accounts receivable, consolidating debt, emergencies, and more.

Are you eligible?

You may be eligible for a Meridian line of credit if your business meets these criteria. 

Location: Based in Ontario

Banking: You have a business banking account with Meridian.

As for any other details – like your business type and history – a Meridian business advisor is your best source for determining what type of financing you’re eligible for.

How to apply for a line of credit

To apply for a business line of credit you can call our Contact Centre, visit a branch, or request a call and an advisor will reach out to you. 

Our advisors will help you understand eligibility criteria, identify your best options for financing, and support you through the application process to make sure you get the funds you need.

Notes: 

  • A one-time application fee may be applicable.*
  • An ongoing monthly charge may be applicable.**

Talk to a Meridian advisor to apply for a line of credit


Request a call Find a branch Call us: 1-866-592-2226