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Get back up to $300 cash back with RBC and Ownr.
Use the business loan calculator to estimate the monthly payment and interest costs for various business loans.*
Monthly Payment
$965.02.00
Total Interest Costs
$131,605.23
Based on your information, here are a few options to explore:
Find solutions that meet your business’s unique needs, whether you want to fund operations, manage cash flow or invest in future growth.
Available to new or established businesses
Borrow a lump sum for a large purchase
Buy or refinance income-producing property
Finance farm production, distribution and improvements
Term mortgage loan to expand, buy land and more
For new or established farmers in Quebec
Cover payments when funds are low and protect your reputation
Access the working capital your business needs
Access the credit you need and earn rewards
Get pre-approved and be ready to buy when you need equipment
Buy land, finance operations and more using equity in your farm
Get the equipment you need and preserve cash
For properties zoned residential, rural, country residential or agricultural
For car dealerships across Canada
For new or established business owners
Explore solutions for mid-market Canadian-headquartered companies and subsidiaries of foreign multinationals in Canada.
Start by speaking with an RBC Business Specialist, who can assess your needs and recommend the right financing for your business.
If you have less than 10 employees:
Call 1-800-769-2520 (24/7) or find a branch near you
If you have more than 10 employees:
Contact a Business Specialist
The documentation you will need to provide varies by product, how long you have been in business and your industry. In general, some of the information you may need to provide, includes:
Please speak with an RBC Business Specialist for details.
We offer a wide range of loans and credit lines for businesses of all sizes. Eligibility requirements vary by product, how long you have been in business and your industry. The best step you can take is to speak with an RBC Business Specialist, who will assess your needs and help guide you through your financing options and the application process.
In some cases, yes. The following products work in tandem with an RBC business chequing account:
Need an account? Explore our business accounts.
Call us 24/7: 1-800-769-2520
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The business loan calculator assumes: (i) a constant interest rate throughout the repayment period and (ii) that interest payments will be made monthly for both payment types (Principal Plus Interest or Blended). The calculations produced do not account for, among other things, the following factors that may impact repayment: (i) non-scheduled payment reductions such as lump sum payments, (ii) Business Loan Insurance Plan premium payments, (iii) leap years, (iv) maturities on dates other than payment due dates or (v) interest adjustments.
The calculations and amortization schedule produced are: (i) based on the data you have entered and its accuracy and completeness, (ii) based on assumptions that are believed to be reasonable, and (iii) for estimation purposes only and should not be relied upon for specific financial or other advice. When you make your credit application, interest rates may have changed or may be different due to information contained in your application, and if you are approved for an RBC loan, the term for which the loan is available may not match the repayment period entered by you. Due to the foregoing, the payment schedule produced by the business loan calculator may differ from an actual payment schedule.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or calculations in connection with this business loan calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by you in reliance on any information or calculations.
Avion points are earned on net purchases only; they are not earned on cash advances (including balance transfers, cash-like transactions and certain bill payments), interest charges or fees, and credits for returns and adjustments will reduce or cancel the points earned by the amounts originally charged.
Beginning Farmer: “Farmer” who on the date of a CALA loan application, intends to be or has been, engaged in farming in Canada for less than 6 years. The Borrower must be able to prove that they have not earned farming income nor incurred farming-related expenses in one of the past six years by providing a tax return showing no farming income or expenses. For start-up “Farmers” the Borrower must provide a business plan demonstrating the intent to farm.
Within your overdraft limit.
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