What is an operating line of credit?
Our operating line of credit is a financing tool for businesses of all sizes.
Benefits
- Competitive interest rate
- Flexible tool for managing cash flow
- Overdraft protection on your chequing account up to your available credit limit
- Interest calculated only on the amount used
- Potential discounts from suppliers
- Optional line of credit insurance to protect your financing in the event of death or disability
FAQ
No. Our operating line of credit is designed to meet the needs of businesses. We have other loans and credit options for personal use.
Many factors are involved in calculating interest rates. For example, your business's size, debt and credit history can all influence your rate.
Contact your account manager to get your personalized rate.
A credit card lets you make everyday transactions without having to pay interest as long as you pay off your balance every billing period.
A line of credit provides funds to help you manage your cash flow. You have to pay interest every month that you use the line of credit, but you can pay off your balance at any time.
Apply for a business line of credit
By phone
1-888-233-2473, options 3, 2 Phone number for Desjardins Business. This link opens your phone app.
Or we can call you when it's convenient.
More financing solutions
Bridge financing
Meet your temporary cash flow needs while you wait for funds to come in.
Visa* Business Freedom Solutions package
If you're looking for under $100,000 in financing, this is a 3-in-1 solution that helps you cover day-to-day operating expenses.