How It Works

There are two simple steps to set-up your Merchant Credit Line. First fill out an online application. Second talk with your dedicated CBC representative to explain a bit about your business. Your CBC representative focuses exclusively on lending to retailers so you get the best possible loan. Once approved you will receive a line of credit that you can draw against when you need it.

After setting up your line of credit, you can draw against it using our secure website or by calling your dedicated CBC representative. We will transfer the funds directly to your bank account.

Repayment is simple too. Each week we transfer a fixed repayment amount from your account. It happens securely and automatically so that you don’t have to worry about it. By paying back a little each week, you won’t face a big lump sum payment at the end.

You only pay interest on the portion of your line of credit that you use. For example, let’s say you have a $50,000 line of credit. If you draw $10,000 from your line of credit, you only pay interest on that $10,000. You don’t pay anything on the $40,000 line that you’re not using - that’s the way we think it should work everywhere.



CBC Loan Calculator

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