Business Portfolio

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Few events are more exciting than starting your business. We understand that this is a serious commitment and we want to ensure that you have the right financial support for this major milestone.

Your need:

• Start your own practice

How RBC Royal Bank can help:

• RBC Royal Bank has Relationship Managers who work with professionals every day and can offer advice and support to help you succeed.
• You can obtain flexible and complete business solutions tailored to the specific needs of your practice.

Ask for:

• Commercial mortgage
• Business loans for equipment, company vehicles and business premise upgrades
• Revolving lines of credit for working capital
• Credit cards for business expenses
• Merchant point of sale facilities
• Online payment solutions

You’ll get:

• Preferential interest rates
• Waivers and discounts on fees
• Flexible repayment arrangements including up to 1 year moratorium on principal payments
• Longer repayment periods
• Up to 100% financing

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As your practice grows, you may find that your existing premises no longer suit your needs and those of your expanding client base.

Your need:

• Purchase your own business property or make renovations to existing premises

How RBC Royal Bank can help:

• We can finance your renovations or help you to purchase property for your practice.

Ask for:

• Term loans; Commercial mortgages

You’ll get:

• Preferential interest rates
• Waivers and discounts on fees
• Flexible repayment arrangements including up to 1 year deferral on principal payments
• Longer repayment periods

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Purchasing a vehicle for company business

Depending on your profession, you may need a company vehicle for delivery, courier services or visiting clients.

Your Need:

• Flexible financing for your vehicle purchase

How RBC Royal Bank can help:

Whether you're shopping for a car or another type of company vehicle, we have financing options that help you save money and offer the best terms and conditions.

Ask for:

• Vehicle Loans

You’ll get:

• Preferential interest rates
• Up to 100% financing
• Discounts on fees and service charges
• Flexible and affordable repayment terms

Financing equipment purchases

With the rapid pace of technological innovation in your industry, you will need to continuously invest in equipment upgrades to maintain a competitive edge.

Your need:

• Purchase and/or upgrade equipment

How RBC Royal Bank can help:

RBC Royal Bank offers special loan packages for professionals purchasing or upgrading equipment and machinery for their practice.

Ask for:

• Term loans for the purchase of equipment and machinery

You’ll get:

• Waivers and discounts on fees
• Flexible repayment arrangements including up to 6 months deferral on principal payments
• Longer repayment periods

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As a business owner, you want to make it easy and secure for customers to pay for your service. You also want to ensure that the income is readily available to you.

Your need:

Ability to accept both debit and credit card payments from your clients and have funds automatically credited to your business bank account for ready access.

How RBC Royal Bank can help:

• RBC Royal Bank can provide reliable processing and management of card payment services, through wired or wireless electronic point-of-sale terminals.
• We make it safer to do business by providing an alternative to holding cash on site

Ask for:

• Merchant point of sale solutions

You’ll get:

• Discounts on fees
• Fast and easy installation
• Excellent service and support

Automating your cash management

With time always at a premium, you want the capability to manage and monitor your bank accounts, track and manage cash flows and pay salaries, loans and suppliers from the convenience of your office.

Your need:

• Automated cash management solutions

How RBC Royal Bank can help:

• RBC Royal Bank can provide 24/7 access to your business accounts. With our online automated cash management solution (Royal Online; Royal Online Gold), you can:
  • View your business account balances
  • Monitor transaction history
  • Transfer funds to accounts in your name or to 3rd parties
  • Pay salaries, loans or suppliers
  • And much more

Ask for:

• Royal Online; Royal Online Gold

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Savings & Investment Solutions

While businesses need a certain level of cash to operate and cover planned and unforeseen expenses, any surplus cash should be profitably employed to ensure the future security and long-term stability of the business.

Your need:

• Short term saving solutions for temporary cash surpluses, and medium to long-term instruments for consistent cash surpluses.

How RBC Royal Bank can help:

• Our diverse product menu spans traditional savings to highly sophisticated investment instruments.
• We can provide guidance and advice on the solutions that will allow you to put the surplus cash balances to work.

Ask for:

• Certificates of Deposit
• Mutual Funds (available through one of our affiliates) 
• Investments instruments available through one of our affiliates

You’ll get:

• Access to the local, regional and international financial instruments.
• Sound financial guidance, leveraging the global RBC network.

Succession Planning

As business owners, the time may come when you wish to consider selling the practice or merging with another business.

Your need:

• Determine the value of your business as a going concern
• Arrange the sale of your business

How RBC Royal Bank can help:

At RBC Royal Bank we can provide you with the necessary advice on the sale of the business as well as assist the purchasers with the financing needed to acquire your practice.

Ask for:

• Trustee services through one of our affiliates 
• Advice and financing for mergers & acquisitions
• Shareholder (buyer) equity or loans
• Retirement plans through one of our affiliates 
• Investment solutions through one of our affiliates