Business Accelerator Loan Program

Flexible loan financing for operational cash flow and business growth

Offered by

Royal Bank of Canada (RBC)

Official source: rbcroyalbank.com

Funding available

$ 25,000 - $ 500,000

Deadline

Open continuously

Location

Canada

Who can apply

Canadian businesses looking to grow and needing cash flow support to cover their operating costs.

See full eligibility

Overview

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.

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Opportunity Score

Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals

No objectives are currently available

Eligible Funding

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

Funds Providers

Royal Bank of Canada (RBC)

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

Next Steps

Determine your project

Validate your eligibility

Official resources

Official page

Business Accelerator Loan Program

Eligibility

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

Step 1: Contact RBC to initiate the application (phone, branch, specialist)
- Call RBC’s 24/7 Business Helpline at 1-800-769-2520 to discuss the Business Accelerator Loan Program and start the process.
- Alternatively, visit an RBC branch (use the branch locator: https://maps.rbcroyalbank.com/).
- Alternatively, contact a Business Specialist through RBC (via the “Find a Specialist” option on the program page).
Step 2: Submit your loan request through RBC (RBC application)
- Proceed with RBC’s application process as directed by the RBC representative (RBC standard lending criteria and credit approval apply).
Step 3: Complete the BDC fee components as part of the process (BDC fees)
- Pay the one-time, non-refundable BDC application fee (1% of the loan amount), charged on behalf of BDC.
- Confirm understanding that the 2% BDC guarantee fee is included as part of the interest rate.
Step 4: Send the application to the fund provider (RBC submission channels)
- Submit your application via RBC by working with the RBC Business Helpline, your local branch, or an RBC Business Specialist (RBC approves and issues the loans; BDC provides an 85% guarantee).

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.