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Get your Business Line of Credit locally

Use a flexible structure to manage your cash flow with a Business Line of Credit.

Why Cambrian? Our purpose is to save, solve and simplify.

At Cambrian, our purpose is to save you time & money. That is our main goal in everything we do for our members, including helping you with your Business Line of Credit.

Save on interest with a flexible form of financing.

A line of credit has the flexibility of a credit card, with the interest rate of a loan. Your line of credit can help you manage your cash flow and day to day operating expenses.

Once set up, a business line of credit gives you flexibility - you have an authorized limit to draw from, so you can create your own loan when you need it, as per the terms of your Committment Letter. You don't need to apply for a loan every time you need funds - you decide when and how much of the authorized limit you use. And, you only pay interest on the amount you use.

Enjoy peace of mind, knowing that your Business Line of Credit is there when you need it.

How can a Business Line of Credit help?

A Business Line of Credit is always there, giving you the freedom to make your own loan when you need it.

Here are some of the things you can do with your Business Line of Credit:

Fill cash flow gaps between paying business expenses and receiving payment for sales
Purchasing products or supplies in bulk at a discount

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Meet with a Business Advisor

Take advantage of local expertise.

We have extensive experience with lines of credit for Manitoba-based businesses. Our Business Advisor Team intimately know the Manitoba market because they live and work here.

Your advisor isn’t just your lender; they’re your trusted partner to help grow your business. Whether this is your first commercial project or you have a long-standing business, you will benefit from Cambrian’s trademark commitment to expert advice, personalized service and attention to detail.

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Book a meeting

How does applying for a Cambrian Business Line of Credit work?

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Start the process by booking a meeting

Step 1:

Book an initial meeting

When applying for a business line of credit, it is important to work with a lender that understands your needs and your business.

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The first step of this process is a meeting with a Cambrian Business Advisor to review your request. At this meeting, we will discuss your project plan, budget, financing needs, information needed to proceed and security requirements.

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Our advisors are available to meet you however is most convenient for you – by phone or video or if you prefer, in-person at your place of business or at our office.

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Book a meeting

Step 2:

Finalize requirements

Following our initial meeting, the Business Advisor will confirm the business documentation and financial information that you will need to provide us.

Examples are personal net worth information, tax returns, mortgage statements, leases, articles of incorporation, etc.

Step 3:

Due diligence and approval

Once we have received all the required documentation and reports from your business and third parties, the Business Advisor will analyze, verify and validate the information before proceeding with the business line of credit application.

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Once the line of credit is approved, Cambrian will send a Commitment Letter for your review and signature, which will outline your approved credit and the terms and conditions.

Step 4:

Set up line of credit in your business account

Upon meeting all conditions, the line of credit will be set up in your business account.

Frequently
Asked Questions

What are your business lending term lengths?

Your lending term will depend on the security for the loan and your goals, and we match the loan length to the asset life.

Do I qualify for a Business Loan or Line of Credit?

Cambrian will look at a number of factors when reviewing your application, including credit and payment history and business collateral.

By reviewing your credit history, we are looking to ensure you have the cash flow to afford the payments on your loan. At the same time, we’ll look at how much capital you have invested in your business.

Your business collateral, includes, but is not limited to:

Security
Real estate
Cash/cash surrender value of insurance
Equipment
Accounts receivables and inventory

Should I get a Business Loan or a Line of Credit?

It depends on your business needs. Business Loans are a good option for large one-time expenses, such as equipment purchases or renovations. A line of credit allows you to create your own loan, and is frequently used to manage your cash flow and pay for day-to-day expenses.