Business 500 | Line of Credit

THE BUSINESS 500

CREDIT LINE

Use The Equity in Your Home to POWER YOUR BUSINESS.

 
 

A Home Line of Credit with the Perks & Convenience of a Platinum Credit Card.

Yup, You're Welcome.

WHAT IS IT?

  • Business Owners Qualify for up to $500,000 Credit Line Using the Equity In their Homes OR Residential Income Properties.

  • Designed for Business Owners who Declare Low Personal Income

  • No Financials or Personal Income Tax Documents Required

  • Approval Based on Business Bank Statements

  • Independent Contractors are Eligible

  • Credit Line Can Also Be Secured with an Investment Property

  • START-UP Financing Program Available

PERKS:

  • Earn 1% Cash Back on All Purchases

  • 21-Day Interest Free Period on Purchases

  • Interest Paid on Credit Used

  • Auto Rental Insurance

  • Purchase & Fraud Insurance

  • ATM & Online Account Access

FEES & RATES

  • No Upfront Fees

  • No Annual Fee, No Monthly Fee

  • Appraisal Fee Reimbursed on Closing

  • Credit Line Rates from 4.99% to 9.99%

  • Credit Line Rates are FIXED. Do not fluctuate.

  • One Time Processing Fee of 2.99%

  • Processing Fee & Closing Costs can be charged to Credit Line

FINE PRINT:

  • Limited to Residential & Rental Properties Only

  • Up to 4 Units Permitted.

  • Can be Registered in 1st and 2nd Position at the Same Interest Rate

BYE BYE BUSINESS LOAN, 

HELLO CREDIT LINE!

"I was paying $5,000 a month for a Business Bank Loan that i used to start my business. 

The high payment and monthly fees was hurting my Cash Flow.

I was approved for a Business 500 Credit Line, I  Paid off the Loan, NO More Fees, and my Monthly Payment dropped to only $1,500!

Bobby Singh, Hatch Group

 

RESTAURANT MAKEOVER:

"After 20 years in business, we really needed to renovate our Restaurant. The Bank said our financials weren’t strong enough for a Business Loan.

But based on my Business Bank Statements we were Approved for a $400,000 Business Credit Line.  Reno's are done and I can pay back when I want"

Dave & Lillian T. - The Harbour Cafe

BLUE COLLAR IS THE RIGHT COLLAR:

"As a Contractor, I have a lot of write offs and don't report much Income on my Personal Taxes. Because of that, the Bank wouldn't approve me for a Credit Line. I was approved for the B500 in 2 days."

Joe F - Ferramo Construction

INVENTORY IMPOSSIBLE:

“I buy all of my product and inventory with my Business 500 Credit Line.

I earn 1% Cash Back and pay NO INTEREST because I always pay off the balance within 21 days. It's amazing."

Charlene Y. -  Shopify Storefront

 

 What Documents Do I Need to APPLY?

  • Business 500 Credit Line Application

  • Copy of I.D

  • Business Licence: Articles of Incorporation or Sole Propriertorship

  • 12 Months of Business Bank Statements

  • Subject Property: Mortgage Statements / Property Tax Bill  

OUR SIMPLE 3 STEP PROCESS
1

Submit Your Documents

Email us the Documents from the Checklist and will have your

Free Approval within 2 days.

2

Accept the Terms

We'll indicate how much you qualify for and at what rate.

If you like it, we order an appraisal.

3

Sign The Final Documents

Meet with our Legal Team to Register the Credit Line.

Receive your card and cheques within 10 business days.

Use Equity to Build & Grow Your Business.

You've built your business with a lot of know-how and some serious sweat equity. Take your business to the next level by using the equity in your home and get up to $500,000.

Fine Print: Maximum 65% LTV for EquityLine Visa, maximum 80% LTV for EquityLine Visa and 1st mortgage combined. Rates are subject to change at any time. Each mortgage application is subject to approval based on its merits in accordance with Home Trust’s policies and guidelines. One time processing of 2.99%, charged to the card.

® Registered trademark of Home Trust Company. * Visa Int./Home Trust Company, Licensed user of mark. The rate used to calculate the GDS and TDS ratios for all mortgages will be the greater of the contractual mortgage rate or EquityLine Visa rate (offer rate) plus 2% or the five-year benchmark rate published weekly by the Bank of Canada. Non-conventional mortgage applicants must also qualify for mortgage insurance and are responsible for the insurance premiums.

West Liberty Financial

840 Pape Ave.

Toronto, ON. M4K 3T6 

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© 2019 West Liberty Financial | Syndicate Mortgages Inc. BL #10846.   Apostolos Sigalas, Broker #M08005291