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What is an operating line of credit?

An operating line of credit is a valuable financial tool for businesses, providing them with flexibility and liquidity to manage day-to-day operations and short-term financial needs. Unlike traditional loans, an operating line of credit offers a revolving credit limit that businesses can draw upon as needed, making it an ideal solution for managing fluctuations in cash flow, purchasing inventory, covering operational expenses, or seizing growth opportunities. Interest is only incurred on the amount borrowed, making it a cost-effective way to maintain financial stability while avoiding unnecessary debt. 

An operating line of credit from Tandia can be an important financial tool to help your business with day-to-day finances. Whether it is to cover fluctuations in cash flow, pay bills or to purchase inventory in advance, an operating line of credit can help you with your essential operating needs.

It’s a good idea to arrange an operating line of credit even if you don’t need it, so that it is available when you do. This convenient credit product gives you the financial flexibility and peace of mind you need for your business.

Features and Benefits

  • Immediate and unlimited access to your operating line of credit with your MEMBER CARD® debit card, business cheques, online banking, in-branch or via our Member Solutions Centre
  • You can pay off your operating line of credit, in part or in full, anytime without penalty.
  • You only pay interest on what you use.
  • Optional Life and Disability insurance is available.

Let's get started.

Your success is our success. Do you have questions about equipment leasing? Want to learn more about our commercial mortgages?  Need money for a construction project?  Your Account Manager or a member of our Business Services team is available to help you.

Equipment Leasing

Get the equipment you need today. Equipment leasing provides an alternative to a large outlay of cash or borrowing to acquire the latest equipment and technology you need for your business to succeed and grow. Tandia offers a wide range of commercial equipment leasing and financing solutions with flexible payment options.

Business Credit Cards

Tandia offers a flexible range of credit card choices for your business with competitive features and some unique benefits and advantages. Find the one that’s right for you and your business.

Community Accounts

Financial solutions for non-profit groups and schools

As part of Tandia's commitment to all of the different communities we serve, we offer specialized and low-cost accounts for local community organizations such as churches, charities, teams, clubs or other non-profit groups. We also offer an operating account especially designed for schools.


Construction Financing

Tandia works with builders and developers throughout Ontario, tailoring financing solutions for construction projects both large and small. Whatever size of project, Tandia will work to customize a financing plan to fit your unique needs.

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