Working Capital Solutions

Working Capital

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.

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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

 

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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

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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 our Card Centre. From Barbados: Toll Free at 1-888-847-5803. From Canada: Toll Free 1-800-796-0021. From USA: Toll Free 1-800-292-7791

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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.