The Business Accelerator Loan Program offers $25,000 to $500,000 in financing to help Canadian businesses strengthen operational cash flow and support growth. Eligible businesses can use the loan proceeds to fund operating cash flow needs and cover operational costs.

At a glance

Funding available

Financing goals

No objectives are currently available

Eligible Funding

Maximum amount : 500,000 $
Minimum amount : 25,000 $

Timeline

Unspecified

Eligible candidates

Eligible Industries

All industries

Location

Canada

Legal structures

For-profit business
Sole proprietorship

Annual revenue

$ 10,000,000 maximum revenue

Organisation size

All organization sizes

Audience

All groups

Eligibility

The business must be Canadian-based and have been operating for at least 12 consecutive months.
The business must have annual gross revenue of up to $10 million CAD.
The loan funds must be used to finance operating cash flow needs.
The applicant must be directly operating a business.
The business must have a primary banking relationship with RBC prior to applying.

Who is eligible?

Canadian businesses looking to grow and needing cash flow support to cover their operating costs.
Businesses with historically limited access to traditional loans for their operating cash flow needs.

How to apply

Check basic eligibility

Confirm your business is Canadian-based and has been operating for at least 12 consecutive months
Confirm annual gross revenue is up to $10 million CAD
Confirm the loan will be used for operating cash flow needs and that you directly operate the business

Confirm RBC relationship and guarantee

Confirm you have a primary banking relationship with RBC prior to applying
Confirm you can provide a full personal guarantee
Note that additional eligibility criteria apply

Review loan terms

Review available financing amount: $25,000 to $500,000
Review term and amortization: up to 6 years
Review repayment: fixed or variable rate options; principal and interest paid monthly

Understand the guarantee

Note the loan is approved and issued by RBC
Note the loan is supported by an 85% guarantee from BDC

Budget for fees and costs

Plan for a one-time BDC application fee of 1% of the loan amount (non-refundable)
Plan for a 2% BDC guarantee fee included as part of your interest rate
Note you may also be responsible for other RBC costs, expenses, and fees

Contact RBC to start

Contact your RBC relationship manager or a Business Advice Centre to learn more
Call the 24/7 RBC Business Helpline at 1-800-769-2520
Locate a branch near you to proceed

Additional information

Loans are approved and issued by RBC and are supported by an 85% guarantee from BDC.
Term and amortization can be up to 6 years.
Fixed and variable interest rate options are available, with principal and interest paid monthly.
In addition to interest costs, non-refundable BDC fees apply, including a one-time 1% application fee; a 2% BDC guarantee fee is included as part of the interest rate.

Contacts

1-800-769-2520

Apply to this program

Frequently Asked Questions about the Business Accelerator Loan Program Program

Here are answers to the most common questions about the Business Accelerator Loan Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.