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Small Business > Borrowing and Credit > Loans and Lines of Credit > Operating Lines

Operating Lines of Credit

Royal® Business OperatingLine

No matter what type of business you run, you need a secure cash flow to succeed. Royal Business OperatingLine supplements your cash flow by providing your business with a line of credit that is accessible 24 hours a day through a wide variety of channels.

How can this help my business?

  • Provides access to additional funds through your business deposit account with a credit line starting at $5,000 that will give you the financial flexibility to support your business growth
  • Access these funds anywhere, and at anytime, through ABMs, Online and Telephone Banking, and through your Client Card at branches or through Interac
  • Reduces the effort required to manage your credit line by automatically checking your loan and deposit account balances every business day and paying down your line with any surplus funds

What else do I need to know?

  • Low monthly fee of $15 for the credit line
  • Automatic transfer of surplus deposit balances to your outstanding credit line for an additional $10 per month
  • All applications are based on the personal credit worthiness of the applicants/owners of the business as well as that of the business deposits made to your Royal Bank Business Deposit Account. Minimum monthly deposits must cover the cost of the interest.
  • The interest paid on your Royal Business OperatingLine is based on the Royal Bank Prime rate plus a premium depending on your credit history
  • Business Loan Insurance Plan is available (certain restrictions may apply)