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.
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 | 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 |
| Preferential Pricing | Affordable - enjoy RBC's most cost-effective financing solution for your working capital needs with limits starting at $20,000 |
| 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.
- RBC Rewards programmes.
- 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.
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.
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.
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.
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 | 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 |
| Preferential Pricing | Affordable - enjoy RBC's most cost-effective financing solution for your working capital needs with limits starting at $20,000 |
| 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.
- RBC Rewards programmes.
- 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.
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.
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.
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 re-borrow 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 which can be used repeatedly |
| 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 | 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 |
| Preferential Pricing | Affordable - enjoy RBC's most cost-effective financing solution for your working capital needs with limits starting at $20,000 |
| Monthly statements | Easy accounting - track outstanding loan balances and quickly renconcile your operating account |
How to apply for a Working Capital Line:
If you are interested in getting a Working Capital Line, call us to make an appointment or come in to talk with our Relationship Managers, with the following documents:
- Financial statements for the last three (3) years
- Current aged listing of accounts receivables, inventory and accounts payable
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 payment 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 |
How to apply for a short term loan:
If you are interested in getting a short term loan, call us to make an appointment or come in to talk with our Relationship Managers, with the following documents:
- Monthly cash flow projections for the next three (3) years
- If your business is already operating
- Financial statements for the last three (3) years
- If you are about to set up your business
- Your Business Plan, detailing the type of business, competitive analysis, marketing plan
- Projected Financial statements for the next three (3) years
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.
- RBC Rewards programmes
- 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.
| Features | Benefits |
|---|---|
| Pre-arranged limit |
|
| Variable interest rate |
|
| Pay only for funds spent |
|
| Access to NetBank for Small Business |
|
How to apply for a commercial overdraft:
If you are interested in getting a commercial overdraft, call us to make an appointment or come in to talk with our Relationship Managers, with the following documents:
- Monthly cash flow projections for the next three (3) years
-
If your business is already operating
- Financial statements for the last three (3) years
-
If you are about to set up your business
- Your Business Plan, detailing the type of business, competitive analysis, marketing plan
- Projected Financial statements for the next three (3) years
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 |
|---|---|
|
Finance capital expenditure such as:
|
|
|
Debt restructure solutions to: Consolidate current credit facilities into one single loan which can simplify your accounting process |
|
|
Management buy-out solutions to: Purchase controlling interest in the company from existing shareholders |
|
Long-Term Loan
A long term loan is a type of loan, with a maturity date of greater than 12 months, which is granted to finance capital expenditure, such as the purchase of fixed assets – e.g. machinery or equipment. The funds may be accessed in either a single or in multiple draw-downs as best suits the situation.
This loan is not of a revolving nature and therefore must be repaid in accordance with the clearly defined repayment schedule. The term of the loan may not exceed the useful life of the asset.
Our long term loans are available in domestic currency, or USD, subject to the verification of business’ earnings in USD.
Suitable for:
Financing the purchase of expensive property, plant, machinery and equipment, undertaking improvements to premises, or for project-financing.
Let’s take a look at how having a long term loan can help you:
| Features | Benefits |
|---|---|
| Matching the repayment period of the loan with the useful life of the asset |
|
| Long term in nature |
|
| Interest rate options |
|
| Flexible payment options |
|
| Available in multiple currencies |
NB: USD financing option is available subject to evidence of earnings in USD and availability of funding in the currency |
How to apply for a long term loan:
If you are interested in getting a long-term loan, call us to make an appointment or come in to talk with our Relationship Managers, with the following documents:
- Monthly cash flow projections for the next three (3) years
-
If your business is already operating
- Financial statements for the last three (3) years
-
If you are about to set up your business
- Your Business Plan, detailing the type of business, competitive analysis, marketing plan
- Projected Financial statements for the next three (3) years
Non-Resident USD Mortgages
Owning a home in Caribbean makes excellent sense. The Caribbean islands offer natural beauty, superb weather, world-class services, international accessibility and more.
You can choose the vacation home that suits you best from an attractive range of quality single-family residences, oceanfront estates, luxurious condominiums and elegant townhomes.
Owning a piece of paradise will allow you to enjoy an outstanding island lifestyle and benefit from solid investment and tremendous potential for growth.
RBC has the experts that can help make your dream purchase a reality and will guide you through the five easy steps to owning a piece of paradise:
- Find a local qualified Real Estate Agent to discuss the type of property you would like to own
- Identify a reputable local attorney to discuss costs and legal regulations
- Find an attorney in your country to review important legal and tax implications
- Contact a local insurance company/agent to learn more about the cost of insurance coverage for your new Caribbean home
- A local property manager to ensure that your home is properly maintained
RBC has been providing banking services in the Caribbean for more than 100 years and has helped hundreds of non-residents finance their vacation homes in the region. You can get financing for up to 70% of the purchase amount and up to 15 years amortization. RBC’s team of dedicated mortgage specialists will guide you through the entire mortgage process while ensuring your needs are met.
- Current personal statement of affairs and if a company, we require audited financial statements for the last three years from a reputable Chartered Accounting Firm.
- Satisfactory bank references of minimum of 3 years (2 minimum-originals) from banks acceptable to RBC Royal Bank. Total Debt Servicing Ratio is not to exceed 40%.
- In some countries approval from the respective Central Bank &/or the Foreign Investment board may be required.
- Proof of Income to service the debt (i.e. Employment Letters / Income tax return for the last two years).
- Standard documentation for account maintenance at RBC Royal Bank, Credit Report, Sales Agreement, and Property Appraisal. Two forms of Government Issued ID for each Applicant
- Registered First Charge over property. Stamped for full amount of the mortgage.
- Title searched by lawyer approved by RBC Royal Bank
- Property insurance coverage – all risks
- Life insurance (May be Mandatory in some jurisdictions and Optional in others)
- Co-signature/guarantee of spouse if applicable
- In some countries Central Bank / Investment Board Approval may be required
Commercial Mortgages
Commercial Mortgage is a lending product that provides a long-term financing solution for businesses to purchase or construct commercial properties - industrial, office, retail and multi-residential (5+ units) or utilize the equity in already owned commercial property.
This advance is not of a revolving nature and may be accessed in either single or multiple draw downs, depending on the nature of the client's funding requirements. Commercial Mortgages are available in domestic currency, or USD, subject to the verification of business’ earnings in USD.
Suitable for:
Financing the purchase of commercial properties, construction of new premises, expansion or renovation of existing premises, or the replenishment of working capital depleted by real estate costs
Let’s take a look at how having a commercial mortgage can help you:
| Features | Benefits |
|---|---|
| Long term in nature |
|
| Interest rate options |
|
| Flexible payment options |
|
| Available in multiple currencies |
NB: USD financing option is available subject to evidence of earnings in USD and availability of funding in the currency |
| Commercial mortgage is secured by the property |
|
How to apply for a commercial mortgage:
If you are interested in getting a commercial mortgage, call us to make an appointment or come in to talk with our Relationship Managers, with the following documents:
- Monthly cash flow projections for the next three (3) years
-
If your business is already operating
- Financial statements for the last three (3) years
-
If you are about to set up your business
- Your Business Plan, detailing the type of business, competitive analysis, marketing plan
- Projected Financial statements for the next three (3) years
Other Support Facilities
We are here to offer support to your business.
When tendering for projects or establishing relationships with new vendors and suppliers, there are services we can extend to help position your business ahead of competitors in the industry and/or give your vendors and suppliers peace of mind that obligations would be met while they develop a working relationship with you.
This is a loan arrangement in which the repayment is derived primarily from the project's cash flow on completion, and where the project's assets, rights, and interests are held as collateral.
It is money raised for a specific self-contained venture such as construction.
Successful bidders often require a performance guarantee for a percentage of the contract amount. RBC enables you to meet your contract requirements and assures your client of your ability to perform.
To ensure that suppliers submit serious offers, tenders often call for up-front cash deposits or irrevocable guarantees. With an RBC bid guarantee, you can establish your credibility without tying up your cash.
Ready To Get Started?
To discuss your business financing needs, please contact us or visit your nearest RBC Royal Bank branch.
