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Royal Business OperatingLine of Credit

Royal Business OperatingLine Is
Commonly Used For:

  • Providing funds needed to support new business growth
  • Covering gaps in your operating cash flow
  • Simplifying management of your business loans and operating accounts

Key Benefits

Financial Flexibility

Credit lines start at $10,000

Automatic Fund Transfers

Your business deposit balance is automatically checked every business day and funds transferred from your Royal Business OperatingLine to your account to cover any shortfalls. The credit line is then automatically paid down with available funds in your everyday operating account.

Simple Access

Access additional funds for your business deposit account at any time – through ATMs, Online Banking for Business and through the RBC Mobile1 App or in branch.

Business Loan Calculator

If you’re looking to finance business growth, new equipment or more staff, our business loan calculator will help you determine the monthly payment and interest costs for various types of loans*.

Try the Business Loan Calculator

What Else Do You Need to Know?

There are two options for transferring funds between the Royal Business OperatingLine and your RBC everyday operating account**

OperatingLine PLUS: Two-way revolve between the Royal Bank OperatingLine and your RBC operating account means you never have to worry about funds being available or paying the principle of your credit line.

OperatingLine: One-way transfer of funds from your Royal Business OperatingLine to your RBC operating account.

The automatic transfer between the Royal Business OperatingLine and operating account is operated through a Revolving Funds Arrangement. Revolving Funds Arrangement is an arrangement between the client and the Bank that whenever the account is overdrawn, the Bank will revolve the loan up to the available credit limit to cover the overdraft (and Minimum Retained Balance) in agreed upon revolvement multiples. For the OperatingLine Plus option, the Bank will also, whenever there is a credit balance in the Everyday Operating Account, apply all of that balance to the Royal Bank OperatingLine (depending on the revolving increments and Minimum Retained Balance).

Business Loan Insurance Plan*** is also available for the Royal Business OperatingLine of Credit (certain conditions may apply†).

Ready to Get Started?

How many employees do you have?

Less Than 10 Employees
More Than 10 Employees

Call our 24/7 Business Helpline

1-800-769-2520

1-800-769-2520

Locate a Branch Near You

Find a Branch

You May Also Be Interested In:

Resources

Master Client Agreement

Hold Policy Client Reference Guide

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Everyday Operating Accounts

Stay on top of the day-to-day financial needs of your business.

More About Operating Accounts

The business loan calculator assumes: (i) a constant interest rate throughout the amortization 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 amortization: (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. Due to the foregoing, the amortization schedule produced by the business loan calculator may differ from an actual payment schedule.
The calculations and amortization schedule produced are: (i) based on the accuracy and completeness of the data you have entered, (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.
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.
The automatic transfer between the Royal Business OperatingLine and operating account is operated through a Revolving Funds Arrangement; this is an arrangement between the client and the Bank that whenever the account is overdrawn, the Bank will revolve the loan up to the available credit limit to cover the overdraft and the pre-determined 'Minimum Retained Balance' in the account in agreed upon revolvement multiples. For the OperatingLine Plus option, the Bank will also, whenever there is a credit balance in the Everyday Operating Account, automatically pay down the Royal Bank OperatingLine based on the agreed revolving increments and 'Minimum Retained Balance' amount.
Business Loan Insurance Plan is underwritten by RBC Life Insurance Company.
The content of these pages is provided for informational purposes only and is not complete in detail. Coverage is optional and is governed by the terms and conditions of group creditor policies, 52000 for life and disability insurance and 53000 for critical illness insurance, underwritten by RBC Life Insurance Company and issued to Royal Bank of Canada. Please see the Business Loan Insurance Terms and Conditions and for Quebec residents, the Fact Sheet, Product Summary and Notice of Rescission.
RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. RBC Online Banking is operated by Royal Bank of Canada.