Lines of Credit

Use a Westminster Savings Commercial Line of Credit to finance your business' day-to-day operations and to protect your business from overdraft fees. A line of credit will ensure that your business will have credit available when you need it.

Commercial Line of Credit

A Commercial Line of Credit lets your business:

  • Finance day-to-day operating requirements pending sale of inventory or the collection of accounts receivable
  • Access funds as low as $5,000.00 and as high as $3,000,000.00 (subject to credit approval)
  • Easy access to funds - in branch, online, by phone or cheques
  • Life and Disability insurance available
  • Accounts Receivable insurance available

Business Home Equity Line of Credit

A Business Home Equity Line of Credit lets your business:

  • Use the equity in the principal residence of the business owner to secure borrowing
  • Finance operations up to 75% of the market value of the residence, less all other outstanding mortgages
  • Establish credit with a one-time loan application (subject to annual review)
  • Access funds easily - in branch, online, by phone or cheques
  • Repay at any time without penalties
  • Pay interest only on the funds used
  • Life and Disability insurance available

Overdrafts

A Commercial Overdraft lets your business:

  • Manage day-to-day cash flow
  • Get protection up to $5,000.00 (subject to credit approval)
  • Use funds when you need them up to the approved limit

For more information about lines of credit

Speak to a Business Relationship Manager at 604-528-3803 or fill out a request to receive more information.

 

Find Branch/ATM

Enter address, postal code or branch name