What is a Business Line of Credit?
Every business has moments when extra cash flow makes all the difference — whether you're covering short‑term expenses, taking advantage of new opportunities or managing seasonal highs and lows. A Business Line of Credit gives you flexible, ongoing access to funds, so you’re always ready for what’s next.
A Business Line of Credit isn’t a traditional loan. It’s a revolving credit limit added to a chequing or savings account that you can use, repay, and use again — giving your business the breathing room it needs to operate with confidence.
Benefits of a Business Line of Credit.
Immediately available.
Connected to your business chequing account, ready when you need it.
Your approved line of credit connects directly to your business chequing account, giving you immediate access to extra funds when cash flow is tight. Use your funds through ATM, cheque, debit card and more.
Flexible access to funds.
Borrow what you need, repay it and access funds again.
A revolving line of credit gives your business ongoing access to available funds. As you repay what you borrow, your available credit replenishes, giving you flexibility to manage changing cash flow and short-term financing needs.
Built for cash flow flexibility.
Manage short-term needs and unexpected expenses with confidence.
A Business Line of Credit can help bridge timing gaps, manage seasonal fluctuations and cover unexpected business expenses, giving you a financial buffer when you need it most.
How does it work?
A line of credit provides reusable access to funds, giving you the flexibility to borrow exactly what you need — no more, no less. With a line of credit, you can:
- Borrow and repay at your own pace
- Pay interest only on the amount you use
- Cover short‑term or unexpected expenses
- Manage seasonal or uncertain cash flow
- Access funds quickly when opportunities arise
It’s a smarter alternative to relying on traditional loans for short‑term financing needs.
Helpful tools for managing your business finances.
Common questions.
Here’s what people ask us the most.
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Both provide flexible access to funds, but they’re designed for different needs. A Business Line of Credit is connected to your business chequing account and is suited to ongoing cash flow needs. A QuickLoan is a standalone revolving line of credit designed for flexible access to funds when you need them.
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It may be a good fit for businesses with regular short-term financing needs, seasonal highs and lows, or timing gaps between expenses and incoming revenue. It can also provide a financial buffer for unexpected expenses or opportunities.
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No. Interest is charged only on the amount you borrow, not on your unused available credit.
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Your approved credit limit will depend on your business, financial circumstances, borrowing needs and lending requirements. A Conexus Business Advisor can help determine an appropriate credit limit for your business.
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