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How can this help my business?
- For the purchase of new or used farm equipment
- For the purchase of breeding stock
- Financing available from $25,000 to $1,000,000
What do I need to know about it?
- Choose a low interest rate that's fixed between 1 and 5 years.
- Choose flexible repayment terms. Pay weekly, bi-weekly, monthly, quarterly, semi-annually or annually.
- Protect your business with Business Loan Insurance Plan. Eligible loans will be paid off in the event of death of a key person of the business. Eligible loans include operating loans, term loans, Canada Small Business Financing Loans, Royal Bricks and Mortar loans, RoyFarm Mortgages and loans granted under the Farm Improvement and Marketing Co-Operative Loan Act, all denominated in Canadian dollars.
Is this product right for my business?
- RBC Royal Bank's Power to Operate (PTO) Fixed Rate Term Loan gives you the power to perform with new farm equipment and breeding stock.
- Save interest with the option to repay up to 10% of the outstanding principal balance, without penalty, once every 12 months.
- Life insurance coverage is available.
How can I get more information?
- Product Fact Sheets are available from all RBC Royal Bank Agriculture Account Managers.
- Call 1-800 ROYAL™7-0 or 1 800 769-2570
What else do I need to know?
- RBC Royal Bank has knowledgeable people who care about your business and have a commitment to agriculture.
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Visit your local RBC Royal Bank branch and speak to one of our Agriculture Account Managers to apply or call
1-800-769-2520 for more information |
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