Short-term financing

Avoid cash flow fluctuations with one of our short-term financing solutions for businesses.

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Or call us at 1-844-394-4494, options 4 and 1, Monday to Friday, 8 a.m. to 20 p.m. (ET).
Photo of two restaurant owners discussing their short-term financing needs with a National Bank advisor
Photo of two restaurant owners discussing their short-term financing needs with a National Bank advisor

Short-term financing solutions for your business growth

Operating line of credit

A line of credit1 can help you manage your cash flow and take advantage of business opportunities.

Features

  • Can be repaid at any time based on your cash inflows.
  • Various means to access to funds: cheque, cash advance, ABM, or online banking for business.
  • Possibility of issuing a letter of guarantes to your suppliers.
  • Available in CAD or USD.
  • Competitive pricing, with variable interest rates calculated daily based on Nationa Bank's base rate.2

Benefits
 

  • Maximize your working capital by supporting inventory expenses and operating costs while waiting to cash your receivables.
  • Allows you to pay suppliers faster and to benefit from discounts.
  • Protects against account’s insufficient funds up to the authorized amount.
  • Interest calculated only on the borrowed amount.
  • Simplifies cash management with automatic repayments directly from your daily surplus of funds.

Bridge loan

A bridge loan1 allows you to meet short-term liquidity requirements while you wait for cash inflows from a grant, tax credit or stock issue.

Features

  • Short-term loan (expiry in less than one year).
  • Variable interest rate calculated daily based on National Bank's base rate.
  • Can be repaid at any time based on your projected cash inflows.

Benefits

  • Monetize a projected cash inflow or an amount owed to your business.
  • Avoid using the working capital needed for your day-to-day business operations.
  • Invest in new projects sooner or seize business opportunities.

Complementary short-term financing solutions

Accounts receivable and accounts payable monetization

Accounts receivable monetization1 allows you to leverage your receivables to obtain more credit and improve your working capital. 

 

Accounts payable monetization1 allows you to obtain longer payment terms for your purchases and negotiate early payment discounts with your suppliers. Your suppliers will be paid by National Bank as per your instructions.

Letter of guarantee

A letter of guarantee1 declares that National Bank will pay an amount to a designated beneficiary (client, supplier, regulatory agency or other business partner), upon request and according to the conditions set out in the letter, should you or a third party fail to meet your contractual obligations to that beneficiary.

Overdraft limit

Protect your company’s reputation with suppliers and avoid unpleasant situations (refused cheques or preauthorized payments) in case of insufficient funds.

Helpful services

Loan insurance

You can insure your loans at any time!

Credit card

Business Line Mastercard® credit card allows you to access the same interest rate as a line of credit.

The little details that matter

  1. Financing solutions are subject to credit approval by National Bank of Canada.

  2. Prime means the annual variable interest rate published by the Bank from time to time, which it uses to determine the interest