Open
Source verified July 9, 2026
Term Loans
Financing for business property, equipment, and debt refinancing
Funding available
$ 5,000
Deadline
Open continuously
Location
Canada
Overview
RBC Business Term Loans provide financing starting at $5,000 for variable-rate loans or $10,000 for fixed-rate loans. They support business growth and investment needs such as purchasing or renovating property, buying or modernizing equipment, 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
- 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.
Official resources
Eligibility
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
- Step 1: Define financing needs (purpose, loan type)
- Confirm what you want to finance (e.g., business property purchase/renovation, equipment purchase/installation/modernization, or refinancing existing debt).
- Choose the loan type that fits your preference (fixed rate loan or variable rate loan).
- Step 2: Estimate loan payments (calculator)
- Use RBC’s business loan calculator to estimate monthly payments and interest costs for different loan scenarios.
- Access the calculator here: https://www.rbcroyalbank.com/business/loans/business-loan-calculator.html
- Step 3: Contact RBC to start the application (phone, branch, specialist)
- Call RBC’s 24/7 Business Helpline at 1-800-769-2520 to initiate your request.
- Alternatively, locate a branch and apply in person: https://maps.rbcroyalbank.com/
- Alternatively, contact a Business Specialist via RBC’s “Find a Specialist” option (as provided on the program page).
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?
RBC Business Term Loans provide financing starting at $5,000 for variable-rate loans or $10,000 for fixed-rate loans. They support business growth and investment needs such as purchasing or renovating property, buying or modernizing equipment, and refinancing existing debt.
What expenses are eligible under Term Loans?
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.
Who can I contact for more information about the Term Loans?
You can contact Royal Bank of Canada (RBC) by email at none or by phone at 1-800-769-2511.
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)