Keep your business running smoothly.
From start-ups to established companies, businesses use financing to achieve their goals.
Even businesses that have enough capital for major investments sometimes opt for a loan or credit line instead. Why? This leaves them with cash to cover unexpected expenses and exploit new opportunities.
At RBC, we understand that sometimes, even the best-run businesses are susceptible to cash flow fluctuations and require short-term financing to keep operations running smoothly. Our relationship managers are able to deliver customized, flexible credit solutions in the timeframe best suited to your needs.
Talk with a RBC relationship manager about the specific needs of your business:
Explore each of these options to determine which solution is right for you:
Working Capital Solutions
We can help you with short-term financing to keep your business operations running smoothly.
Sometimes even the best-run businesses are susceptible to cash flow fluctuations and require short-terms financing to keep operations running smoothly and execute plans without constraint.
Loans and Lines of Credit
Flexible credit options for now and the future. Our wide range of loan options let you choose what’s right for your business now and in the future. Convenient and flexible terms, payment schedules and credit access can let you concentrate on what’s most important – running your business.
RBC’s Working Capital Line is an automated revolving line of credit, providing businesses with financing to cover both predictable and unexpected needs. This solution is structured to enable clients to borrow, repay and reborrow within their authorized limits with no hassle.
This revolving funds arrangement allows clients to establish:
- Minimum balances to be maintained in their business deposit account
- Minimum revolving amounts to simplify their bookkeeping
- The ability to have their Working Capital balances paid through automatic sweeps when they have excess cash in their deposit account
Here are great features and benefits of a RBC Working Capital Line:
| Features | Benefits |
|---|---|
| Short-term revolving facility | Access - availability of funds |
| Interest-only monthly repayment | Flexibility - you decide when to repay principal based on your cash flow |
| Transact via mobile and online banking | Convenience - bank on your own terms - monitor transactions without having to visit the bank |
| Automated drawdowns of 10,000 in the currency of the account | Fast - drawdowns can be automatically triggered based on your need of funds. No need to visit the bank to sign for each drawdown. Accessing your business line of credit is hassle-free |
| Customized Sweep Functionality | Easy - repayments can be customized to your individual business needs with automated tranches of 10,000 in the currency of the account |
| Preferential Pricing | Affordable - enjoy RBC's most cost-effective financing solution for your working capital needs with limits starting at 20,000 in the currency of the account |
| Monthly statements | Easy accounting - track outstanding loan balances and quickly renconcile your operating account |
Sometimes you need to seize an opportunity or solve an unexpected challenge. Aside from your Working Capital line, RBC’s short-term loans assist with a cash boost to solve for your specific needs. Your Working Capital Line will continue to be available to keep operations running smoothly, while your separate short-term loan could be paid down over an agreed term of less than one year, allowing you to reduce your borrowing.
| Features | Benefits |
|---|---|
| Short-term facility | Access - availability of funding for specific opportunities and/or events |
| Monthly repayment options or bullet payments | Flexibility - repay principal via blended payments, interest only and with bullet payments and reduce your borrowing within a defined timeline |
| View via mobile and online banking | Convenience - bank on your own terms - monitor transactions without having to visit the bank |
RBC Business Credit Cards provide international and convenient access to funds and can help you track and manage all your business expenses, so you can spend more time growing your business and less time on accounting and administration. Choose the card that works best for you. Enjoy convenience, security and value to fit your lifestyle:
Features
- RBC credit cards are accepted at millions of merchants worldwide.
- Get 24 hour customer service using 1-800 toll-free number from anywhere in the world.
- Fraud monitoring system in place to ensure the safety and security of your account.
- Enjoy very competitive fees and rates.
- We guarantee quick turnaround from application to credit card in your hand!
Benefits
- Fixed rate of interest.
- Ability to efficiently track and manage all your business expenses.
- Improve cash flow and cut cheque writing costs.
- Easy access to all your transaction information through Online Banking.
Choose the card that's right for you! For more information, please contact the Advice Centre.
The Commercial Overdraft product is directly linked to the Business Deposit Account and provides business clients with a hassle-free form of protection against cheque(s) or other debit items being returned for non-sufficient funds. Overdraft protection allows you to extend your cash resources when you need it, giving you peace of mind while helping to protect your business’ reputation and credit rating.
Business Loan
This is a financing vehicle that is generally long term in nature and is usually secured with a charge over the asset being financed.
| You may need to: | Solutions |
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Finance capital expenditure such as:
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Debt restructure solutions to: Consolidate current credit facilities into one single loan which can simplify your accounting process |
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Management buy-out solutions to: Purchase controlling interest in the company from existing shareholders |
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Ready To Get Started?
To discuss your business financing needs, please contact us or visit your nearest RBC Royal Bank branch.
