RBC Business Term Loans provide financing starting at $5,000 (variable rate) or $10,000 (fixed rate) to support business growth and investment needs. Eligible uses include purchasing or renovating business property, purchasing/instaling/modernizing equipment or other capital assets, and refinancing existing debt to streamline cash flow and payment management.

At a glance

Funding available

Financing goals

Renovate your business/factory

Eligible Funding

Minimum amount : 5,000 $
Up to 10% of project cost

Timeline

Unspecified

Eligible candidates

Eligible Industries

Finance and insurance

Location

Canada

Legal structures

For-profit business

Annual revenue

All revenue ranges

Organisation size

All organization sizes

Audience

All groups

Activities funded

Purchase or renovation of business (commercial) property.
Purchase, installation, or modernization of business equipment and other capital assets.
Refinancing of existing business debt to streamline cash flow and payment management.

Eligibility

The applicant must be seeking financing for business purposes such as purchasing or renovating business property, purchasing/installing/modernizing business equipment or other capital assets, or refinancing existing debt to streamline cash flow and payment management.
The financing must be in Canadian funds.
The loan term is typically up to 7 years and must not exceed the useful life of what is being financed.
When financing real estate, the maximum amortization can be up to 25 years depending on the type of property.

Eligible expenses

Purchase or renovation of business property (real estate financing).
Purchase, installation, or modernization of business equipment and other capital assets.
Refinancing of existing business debt to streamline cash flow and payment management.

Eligible geographic areas

Canada (available in Canadian funds only).

How to apply

Contact RBC to get started

Call the 24/7 Business Helpline at 1-800-769-2520
Locate a branch near you
Contact a business specialist

Additional information

RBC notes that business term loans are typically secured for a term of up to 7 years and should not exceed the useful life of what is being financed.
Maximum amortization may be up to 25 years when financing real estate, depending on the type of property.
Business Loan Insurance Plan may be available on most RBC business loans (certain conditions may apply).
These loans are available in Canadian funds only.

Contacts

1-800-769-2520

Apply to this program

Frequently Asked Questions about the Term Loans Program

Here are answers to the most common questions about the Term Loans. 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.