Open
Term Loans
Financing for business property, equipment, and debt refinancing
Last Update: March 3, 2026
Funding available
$ 5,000
Timeline
- Open continuously
Location
Canada
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.
/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 $
- Up to 10% of project cost
Timeline
- Open continuously
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
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.
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).
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
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.
What is the Term Loans?
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.
How much funding can be received?
Term Loans Funds up to 10% of admissible expenses.
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) 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)
More programs like this
CIBC — Business loansMin $10,000- CIBC — Business line of creditMin $10,000
