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You are here: Home > Business > Accounts and cash management > Fees > Operating line of credit
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Operating line of credit
| Transactions | Fee |
|---|---|
| File analysis and setup1 | |
| Line of credit up to $500,000 | 1/2% of authorized amount $225 min. |
| Line of credit over $500,000 | 3/4% of authorized amount 1/4% min. of authorized amount |
| Taking of security interest | |
| Movable hypothec agreement or general security agreement and/or security agreement | 150/contract plus incurred expenses |
| Real estate mortgage | incurred expenses |
| Monitoring of assets – accounts receivables and inventories | |
| Line of credit up to $100,000 | $50/month |
| Line of credit over $100,000 | $75/month |
| Monthly management fee for automated service | up to $125 based on authorized amount |
| Annual renewal and monitoring | 1/4% of authorized amount $225 min. |
| Availability fee - Line of credit over $500,000 (on unused portion) | 1/4% to 1/2% |
| Extension of file | $50 or $125 depending on analysis |
| Increase during year | 1/2% of authorized increase $150 min. |
| Delay in monthly monitoring | $25 |
| Additional file supervision | from $50/month |
| Release | $50 plus incurred expenses (no fee if the loan is due) |
| Discharge | incurred expenses |
| Cancellation of movable hypothec or general security agreement and/or security agreement affecting all debts | incurred expenses |
| Domestic letter of guarantee | $150 min. 0.5% to 2.5% max. |
- May be up to 1% for more complex files.