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A line of credit can cover unexpected business costs.
Business borrowing

Commercial line of credit

Be ready to seize business opportunities at a moment’s notice.

What do you need money for?

With a line of credit, you don’t borrow the full amount right away — but you can access the money whenever your business needs it.
Be ready to finance equipment for your business.
Be ready to finance inventory for your business.
Be ready to finance your business operations
Be ready to finance unexpected business expenses.
Unexpected costs
Consolidate debt with a commercial line of credit.
Debt consolidation
Flexible features

Set up financing in advance

Business owners often dip into their personal savings when they need extra cash flow. A line of credit means you don’t have to do that anymore. Line of credit funds are available at any time, and you only pay interest on the amount you borrow:

  • Borrow from $5,000 to $3 million
  • Variable interest rate
  • Access online, by phone, or in branch
  • Optional life and disability insurance 
  • Optional accounts receivable insurance

Our business advisors can recommend a locally approved line of credit that meets your needs. Apply online to borrow up to $50,000.
Additional options to consider

Did you know?

Additional options to consider

A commercial home equity line of credit is similar to a commercial line of credit. The difference is that the money you borrow is secured by your home. That may mean you get a much better interest rate:

  • Borrow up to 75% of your equity in your principal residence
  • Variable interest rate
  • Access online, by phone, or in branch
  • Optional life and disability insurance

Commercial overdraft protection
makes managing day-to-day cash flow a lot less stressful. It kicks in when your account balance drops below zero to keep you in the black and save you overdraft fees. Dip into it whenever you need to:

  • Protect overdrafts up to $5,000
  • 18% interest rate
  • Access online, by phone, or in branch

Explore other business borrowing solutions

Commercial mortgages

Buy, renovate, or refurbish a promising commercial property.

View details

Commercial loan

Invest in your business’s growth without tying up working capital.

View details

Project financing

Develop and build a commercial, industrial, or residential property.

View details

Letter of credit

Give suppliers Prospera’s promise that they will receive payment.

View details

Ways to bank with us

The many ways you can access your accounts, documents, statements, and more:
Business Advice

Business advice

Get help with each stage of your business

Whether you're starting up, growing and busy, stagnating and stuck, or ready to pass the business torch, talk to one of our business advisors for local BC knowledge and the financial expertise you need on your team.

More detailsBook an appointment

How to reach us

Call our Member Service Centre

Toll free
1 888 440 4480

Monday to Friday
8 am - 8 pm

Saturday 9 am - 5 pm

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