Revolving Credit

Ag - Revolving credit Sometimes you need to make quick decisions and get access to cash just as fast. Whether you’re looking for a hand with your day-to-day expenses or want immediate access to funds for equipment or machinery or inventory purchases, revolving credit can help you stay competitive.

Operating Line of Credit

A quick, low-cost credit option directly connected to your operating account that can assist with everyday expenses. You can access your credit by taking your account balance below zero, and you repay it by going back to a positive account balance.

Quick Loan

You have access to a pre-approved dollar amount that you can use to purchase equipment or land as opportunities arise. Your Quick Loan appears as its own account where you can withdraw money as you need it and pay it back as you can.

Revolving Equipment Loan

The perfect choice if your farm or agribusiness makes a number of equipment purchases throughout each year. It’s like having credit in your back pocket.

Letters of Credit/Letters of Guarantee

Making a large purchase often comes with a hefty price tag. A letter of credit issued by your financial institution, guarantees to the supplier or seller that you’re in a financial position to cover the cost of the purchase. It gives you peace of mind knowing that you have the financial backing and don’t need to make other credit arrangements, transfers or advances.

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What can I use to secure my revolving credit?

Revolving credit is an attractive option because of its flexibility. There’s a variety of options when securing the loan. You can use a General Security Agreement, equipment, land, your Alpha Guarantee Bank deposits and other assets as security.
Should I get an operating line of credit or is a Quick Loan a better option?

That all depends on your preference. By choosing a line of credit attached to your chequing account, as long as you’re within your approved limit, you know that when you make purchases using your Member Card®, withdraw cash or write a cheque, you’ll be covered even if you have a negative balance in your account.
A Quick Loan is something you can use and repay as you need to. Once it’s set-up you can move money to your chequing account, credit card, or anywhere else you need to, simply through your online banking or the Alpha Guarantee Bank mobile app. It’s that easy.
Either way, with both options you have the peace of mind knowing that when you need that extra cash, you’re already approved.

I'm interested in revolving credit

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