Man reviews his business expenses on a laptop

Business line of credit fees and details

Find out how much you'll pay, with no hidden surprises.

Fee summary

Monthly fee:

$25 to $125

Setup fee¹:

$150 to $1,000

Renewal fee²:

$50 to $150

Amendment fee³:

$150

Interest rate

Rates differ from borrower to borrower. Before approving you for an interest rate, we review certain criteria. These include your credit score, detailed business plan, personal investments in your business and overall financial health.

Example, for illustrative purposes:

Sally, an established retailer, needs a $15,000 line of credit to cover operating expenses. But she can't provide collateral to secure a line of credit. Sally has more than 2 years of retail operations experience and has maintained a good credit score for more than 5 years. Her company has also maintained an excellent credit score for more than 2 years. Sally holds a $5,000 credit card, a $10,000 unsecured loan, and pays $1,500 a month towards a mortgage. Considering her operating costs, assets, debts and other expenses, along with her excellent credit rating, she would qualify for an interest rate of Prime + 4.25%.

Repayment

Variable rate business line of credit:

You're only required to make the minimum interest payment each month.

Business line of credit fees and details

Fee summary

Monthly fee:

Setup fee1:

Renewal fee2:

Amendment fee3:

Interest rate

Repayment

Variable rate business line of credit:

Setup fee¹:

Renewal fee²:

Amendment fee³: