Business Line of Credit

Avail Flexible Financing Options

 

Our Business Line of Credit helps you cover seasonal expenses, manage its short-term cash flow needs, and finance operational costs. With flexible repayment options and interest-only payments on the amount this credit line allows you to borrow only what is needed, repay it, and later borrow again for your business.

Benefits

 

  • Access funds as needed and repay based on your business cash flow
  • Pay interest only on the amount you use and enjoy greater financial flexibility
  • Repay borrowed amount, to restore your credit limit so that you can borrow again without reapplying

Features

Cash Management

Cover short-term gaps in cash flow to ensure smooth operations during busy or slow periods.

Cost Effectiveness

Pay interest only on what you use to reduce costs.

Business Opportunities

Take advantage of emerging business opportunities, whether it is for bulk inventory purchases or expansion efforts, without the need to wait for approvals.

Financial Flexibility

Borrow and repay funds on your terms, and handle any unforeseen expenses with ease.

Make the Most with Our Business Line of Credit

 

  • Manage Cash Flow: Cover payroll, rent, and other operating expenses during seasonal slowdowns or cash flow shortages, and conduct business operations smoothly
  • Purchasing Inventory: Buy additional inventory to meet increased demand without disrupting your cash flow and cater to customer needs promptly
  • Handling Unexpected Expenses: Access funds quickly to address unexpected costs, such as equipment repairs or emergency expenses, and avoid financial strain
  • Taking Advantage of Opportunities: Secure discounts on bulk purchases or act on new business opportunities that require immediate funding, allowing you to stay competitive

Apply for Our Business Line of Credit

Contact Us

Discuss your financing needs and credit requirements with our business banking specialist.

Provide Documentation

Prepare and provide the necessary financial documents, such as business financial statements, tax returns, and cash flow reports and clarify any questions you have about the terms.

Submit Application

Complete and submit your application at our branch. Our team will assess your financial health, and approve or decline your request based on their criteria.

Get Approval & Access

Once approved you will sign the agreement and access your credit line and begin using the funds to support your business.

To Find Out More

Get in Touch

HBZ Contact Centre
+971 4 387 0700

Email
csd@habibbank.com

Contact your Relationship Manager
Visit a branch

Head Office

6450 Kitimat Rd, Mississauga
Ontario, L5N 2B8, Canada

Phone:
+1 (905) 276 5300
+1 (855) 82 HABIB

Email:
info@habibcanadian.com

Visit Branch:
Find your nearest branch and meet with our banking specialists.

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