Alterna Bank Business Line of Credit

Amount:

no fixed amount

Type:

Loan

Description:

Alterna Bank’s Business Line of Credit provides businesses with flexibility, offering the freedom to buy additional inventory, finance new marketing initiatives, cover accounts payable, and undertake space renovations. Businesses can benefit from a quick approval process, the option to choose a repayment plan that suits their needs, and the support to make informed decisions, ensuring the continued prosperity of their business.

Comments on Funding:

Funding takes the form of a line of credit.

Deadline:

Rolling deadline

Eligibility:

Applicants must:
1. be Canadian-based business;
2. have been in business for at least 6 months;
3. have average monthly sales greater than $7,000.

4. Quebec residents are not eligible.

Application Steps:

Applicants must call the bank at 1.866.560.0120 or 1.844.843.8448.

Documentation Needed:

No specific documentation has been identified.

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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