A revolving business line of credit gives Canadian businesses standing access to capital, up to $300,000, to manage cash flow gaps, seize opportunities, and handle the unexpected without reapplying every time.
Apply in MinutesA business line of credit is fundamentally different from a term loan. Instead of receiving a lump sum and repaying a fixed amount, a line of credit gives you an approved credit limit that you can draw from, repay, and draw from again, as many times as your business needs. You only pay interest on the outstanding balance you've actually drawn. When business is strong and you don't need capital, the line sits available at no cost. When you need it, funds are available immediately. It's the most flexible financing tool a business can have.
Unlike a term loan where you receive capital once and repay to zero, a line of credit revolves. As you repay drawn amounts, your available credit replenishes, giving you continuous access to capital without reapplying each time you have a need.
You're only charged interest on the amount you've actually drawn from your credit line, not on your full approved limit. This makes a line of credit significantly more cost-effective than a term loan for businesses with variable or intermittent capital needs.
The real power of a line of credit is what it prevents. With an available credit line, you'll never have a payroll emergency, miss a supplier discount, or lose a growth opportunity due to a short-term cash gap. It's financial stability, available on demand.
Our line of credit is designed for Canadian businesses that face recurring cash flow variability, seasonal swings, receivable timing gaps, or unpredictable operating costs. Rather than managing individual loan applications each time a need arises, you establish your credit facility once and draw on it whenever necessary.
A line of credit is the right tool when your capital needs are recurring but variable, you don't always know exactly when you'll need funds or exactly how much. These are the business situations where a revolving facility creates the most value.
Restaurants, retailers, landscapers, and tourism businesses that earn most of their revenue in a concentrated period use a line of credit to maintain operations through off-peak months, drawing when needed and repaying during peak revenue periods.
Construction contractors, consultants, and B2B service businesses that invoice on net-30 to net-90 terms use a line of credit to bridge the gap between delivering services and receiving payment, covering payroll and operating expenses in the interim.
Distributors, wholesalers, and retailers who need to buy inventory before they've sold the previous stock use a revolving facility to manage the timing between purchases and sales, drawing to stock up and repaying as goods are sold.
Businesses in active growth phases face unpredictable capital requirements, new staff, new equipment, new marketing initiatives. A line of credit provides a standing source of growth capital without the friction of applying for a new loan each time an opportunity emerges.
Setting up your Oakridge line of credit is fast and simple. Once established, accessing funds is immediate, no additional applications or approvals required each time you draw.
Complete our streamlined application in under 10 minutes. We review your monthly revenue and business banking history to determine your approved credit limit, no lengthy submissions.
Our team reviews your application the same business day. You receive a clear offer with your approved credit limit, interest rate, and terms. No surprises, just transparent terms before you commit.
Once your facility is established, draw funds to your business account whenever you need them. Repay at your pace, and your available credit replenishes automatically, ready for the next time you need it.
A business line of credit from Oakridge Funding means you'll never be caught off-guard by a cash flow gap again. Establish your facility today and access capital on your terms.
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