WHAT IS IT?
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Canadian Business Owners Qualify for up to $500,000 Credit Line secured with their home or rental property.
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No Financials or Personal Income Tax Documents Required
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Approval Based on 2 Years Business Bank Statements
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Ideal solution for Business Owners that declare low personal income for tax purposes.
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Independent Contractors are Eligible.
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PERKS:
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Earn 1% Cash Back on All Purchases
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21-Day Interest Free Period on Purchases
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Interest Paid Only on Credit Used
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Auto Rental Insurance
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Purchase & Fraud Insurance
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ATM & Online Account Access
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FEES & RATES
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No Upfront Fees
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No Annual Fee, No Monthly Fee
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Appraisal Fee Reimbursed on Closing
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Credit Line Rates from 4.99% to 9.99%
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Credit Line Rates are FIXED - never worry about your rate increasing.
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One Time Processing Fee of 2.99%
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Processing Fee & Closing Costs can be charged to Credit Line
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FINE PRINT:​
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Limited to Residential & Rental Properties Only
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Up to 4 Units Permitted.
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Can be Registered in 1st and 2nd Position at the Same Interest Rate
BYE BYE BUSINESS LOAN,
HELLO CREDIT LINE!
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"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!
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Bobby Singh, Hatch Group
RESTAURANT MAKEOVER:
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"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"
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Dave & Lillian T. - The Harbour Cafe
BLUE COLLAR IS THE RIGHT COLLAR:
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"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."
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Joe F - Ferramo Construction
INVENTORY IMPOSSIBLE:
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“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."
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Charlene Y. - Shopify Storefront
SAFE APPROVALS FROM YOUR HOME.
1
Submit Your Documents
Email us your Documents from the Checklist and we'll 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 & sign virtually with our
Legal Team (or your own lawyer) to Register the Credit Line.
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.