Affinity Credit Union Operating Line of Credit

Amount:

no fixed amount

Type:

Loan

Description:

Affinity Credit Union provides an operating line of credit, offering businesses immediate access to funds through an authorized overdraft limit directly linked to their chequing account. This versatile option can be granted in both Canadian and US funds, providing connectivity to both Canadian and US chequing accounts.

Comments on Funding:

Funding takes the form of a revolving line of credit.

Deadline:

Rolling deadline

Eligibility:

Applicants must:
1. be businesses;
2. be Affinity Credit Union members;
3. be residents of Saskatchewan.

Application Steps:

No specific steps have been identified.

Documentation Needed:

Applicants must provide:
1. 3 years of financial statements;
2. personal financial information on all shareholders or guarantors including 3 years of personal income tax returns;
3. signed leases or rentals for all properties;
4. a business plan, including projections.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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