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Term Loans

Q: How much funding can be received?

Term Loans Funds up to 10% of admissible expenses.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the Term Loans a grant, loan, or tax credit?

Term Loans is a Loans and Capital investments

Q: Who are the financial supporters of the Term Loans?

Term Loans is funded by Royal Bank of Canada (RBC)

Q: Who is eligible for the Term Loans program?

Eligibility criteria are not specified.

Q: 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.

Q: Where is the Term Loans available?

The Term Loans program is available across Canada.

Last Update: January 19, 2026

Canada

Financing for business property, equipment, and debt refinancing

Loans and Capital investments

At a glance

Funding available

Financing goals

No objectives are currently available

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

Overview

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.

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

Canada

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.