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Greater Toronto Area , ON , L6T 4L9 Canada
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A commercial Line of Credit is also known as CLOC. The commercial LOCs are not exactly the same as a regular line of credit. It is also often referred to as Business Line of Credit or Operating Line of Credit.

Businesses have their daily financial needs. Regular operations require uninterrupted supply of funds.

Commercial line of credit offers access to funds at any time. They could be secured against many types of assets. There are also options for un-secured lines.

It is usually a variable rate, revolving credit line, which may or may not be secured. A CLOC comes with a number of other facilities like unlimited cheques, credit and debit cards etc.

Normally a CLOC is given to a business which has already had a few years of steady, positive cash flow.

Recently credit card companies are also trying to get access to the small businesses with their own – similar types – products.

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About Us

Sudip Adhikari.
Agent License #M10001082
Broker Mortgage Diligent -
Head Office -1305 Matheson Blvd East, Mississauga, ON L4W 1R1
FSCO #10252 O.A.C , E&OE

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