How to Secure a Business Line of Credit in Ontario

A business line of credit is one of the most versatile financing tools available to Canadian entrepreneurs. Unlike a term loan, you only pay interest on what you draw — giving you the flexibility to manage cash flow, cover payroll gaps, or jump on growth opportunities.

What Lenders Look For

Most lenders in Ontario evaluate four key factors when assessing a business line of credit application:

• Credit Score: A personal and/or business credit score of 700+ is typically required for the best rates.
• Time in Business: Most lenders prefer businesses operating for at least 12–24 months.
• Annual Revenue: Demonstrated revenue shows your ability to repay.
• Industry Type: Some industries are considered higher risk than others.

How Empire Wealth Helps

Rather than applying to one bank and hoping for approval, Empire Wealth Management Group submits your profile to 50+ lending partners simultaneously — maximizing your approval odds and securing the best rate available to you.

Steps to Apply

1. Book a free consultation with our advisors.
2. We review your financials and credit profile.
3. We match you to the best-fit lenders.
4. You receive offers — we negotiate the terms.
5. Funds are in your account, typically within 2–6 weeks.

Ready to get started? Book your free consultation today.