Open
Source verified August 10, 2026
Term Loans
Long-term financing for property, equipment, and refinancing
Funding available
$ 5,000
Deadline
Open continuously
Location
Canada
Who can apply
Eligible candidates
Overview
Business Term Loans provide long-term financing for your business to acquire new equipment, expand inventory, or open in new locations. They can also be used for purchasing or renovating business property, purchasing, installing or modernizing business equipment or other capital assets, and refinancing existing debt.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Renovate or expand facilities
Eligible Funding
- Minimum amount : 5,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Canada
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Purchasing or renovating business property
- Purchasing, installing or modernizing business equipment or other capital assets
- Refinancing existing debt to streamline your cash flow and management of payments
Official resources
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
Frequently Asked Questions about the Term Loans Program
What is the Term Loans?
Business Term Loans provide long-term financing for your business to acquire new equipment, expand inventory, or open in new locations. They can also be used for purchasing or renovating business property, purchasing, installing or modernizing business equipment or other capital assets, and refinancing existing debt.
What expenses are eligible under Term Loans?
Purchasing or renovating business property
Purchasing, installing or modernizing business equipment or other capital assets
Refinancing existing debt to streamline your cash flow and management of payments
Who can I contact for more information about the Term Loans?
You can contact Royal Bank of Canada (RBC) or by phone at 1-800-769-2520.
Where is the Term Loans available?
The Term Loans program is available across Canada.
Is the Term Loans a grant, loan, or tax credit?
Term Loans is a Loans and Capital investments
Who are the financial supporters of the Term Loans?
Term Loans is funded by Royal Bank of Canada (RBC)