Business Line of Credit: Flexible Working Capital
Draw funds as you need them, pay interest only on what you use. A revolving facility for managing seasonal cash flow, covering short-term gaps, or seizing time-sensitive opportunities. Borrow, repay, borrow again.
- Typical deal size
- From $100K to $5M+. Typical setup: 2–4 weeks.
- Best for
- Businesses with seasonal revenue cycles
- Markets
- Canada-wide. Cross-border options available.
What is business line of credit?
A line of credit is a revolving facility with an approved limit. You draw, repay, and redraw as the business needs, only paying interest on the outstanding balance.
Who fits this facility
- Businesses with seasonal revenue cycles
- Wholesalers and distributors managing inventory swings
- Service companies bridging payroll and receivables
- Owners who want a safety net rather than dormant capital
Common use cases
- Cover payroll during slow weeks
- Stock inventory for peak season
- Bridge AP / AR mismatches
- Fund unexpected opportunities
How it works
Set the limit
We work out a sensible facility size based on revenue, receivables, and inventory.
Get approved
Lender underwrites the limit; security is taken if required.
Draw as needed
Transfer funds when you need them; pay interest only on the outstanding balance.
Revolve
Repay and redraw without renegotiating each time.
Why business line of credit clients pick McMillan
- Asset-based and cashflow-based options
- Faster than bank lines for time-pressured deals
- Structured to grow as your business grows
- Honest review of whether a line is the right tool
Common questions
They serve different purposes. Lines are for fluctuating needs; term loans for one-time investments.
Some have a small unused-line fee; others none. We disclose all costs upfront.
Asset-based lines (against receivables or inventory) are often available where pure cashflow lines are not.
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ViewStart-Up Finance
Capital to launch and scale, for founders in their first three years.
ViewLet's talk about your business line of credit deal
A short call is the fastest way to find out if this fits. No obligation, no upfront cost.
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