Our Commitment
Our Commitment
In July 2020, RBC made a five-year commitment of $100MM to fund small business loans to Black entrepreneurs. In addition, our Black Entrepreneur Program brings together business, marketing and digital experts with community leaders to share ideas and best practices in a concrete effort to advance growth for Black entrepreneurs.
In July 2020, RBC made a five-year commitment of $100MM to fund small business loans to Black entrepreneurs. In addition, our Black Entrepreneur Program brings together business, marketing and digital experts with community leaders to share ideas and best practices in a concrete effort to advance growth for Black entrepreneurs.
The Black Entrepreneur Program is focused on three key pillars:
Access to Capital
Access to the resources needed to start, manage and grow a business.
A new financing solution – RBC Black Entrepreneur Business Loan – is now available to eligible1 Black Entrepreneurs in Canada who are looking to start, manage or grow their business with access to loans of up to $250,000. Learn more about the application process, criteria and loan details.
Through our continued collaboration with Futurpreneur Canada, we are providing financial solutions and mentorship to help young Black entrepreneurs advance their businesses with the Black Entrepreneur Startup program.
Black Canadian business owners and entrepreneurs may also qualify for the Government of Canada’s Black Entrepreneurship Loan Fund.
Access to Experts
Having a strong network of peers, advisors and mentors is critical for the success of any business.
Through our network of experts and partners, we can help Black entrepreneurs get access to peers, industry leaders and mentors to further their growth and development.
Supporting Community
Supporting a business owner is about more than providing financial solutions and programs. It’s also about helping them build strong community relationships and recognizing successes. That’s why we continue to foster and grow our relationships with Black communities across Canada.
Exclusive Beyond Banking Offers for Black Entrepreneurs
Exclusive Beyond Banking Offer for Black Entrepreneurs
It doesn’t matter if you are a new business owner or a seasoned veteran, you have access to special offers and support from a wide range of business services that can help you operate your business.
It doesn’t matter if you are a new business owner or a seasoned veteran, as an RBC business client you have access to special offers and support from a wide range of business services that can help you operate your business.
Unlimited Business Potential, Meet Unlimited Business Banking Features.
Sign up today for the RBC Digital Choice Business™ Account package providing unlimited debit and credit transactions2 to help you manage your cash flow easier for only $53 a month. Plus you can open it from anywhere.
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Gain access to real-time consumer data insights
RBC Insight Edge for Small Business is an easy-to-use dashboard that transforms anonymized credit and debit card transactions, along with demographic and location data, into real-time consumer insights to help you make informed decisions about your industry, markets and customers. Get the first 3 months for free using the promo code "IE-BE3"; billed thereafter at $10/month4.
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Start, manage, and grow your business with Ownr
Register, incorporate, create legal agreements, manage employees, and more. From registering your first business to hiring employees and bringing on new partners, Ownr helps you succeed. Discount automatically applied at checkout.5
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Special offer on tax preparation for Black Entrepreneurs
H&R Block knows taxes inside and out. And because we know every dollar counts when you’re an entrepreneur, Black-led business owners can save6 on small business tax preparation fees. If you have an incorporated business, you’ll save6 on your tax preparation fees when you file with a Tax Expert.
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Exclusive offers from TELUS!
Recipients of RBC’s Black Entrepreneur Business Loan are eligible for exclusive savings7 on the technology and tools you need to run your business – saving more as your business grows. New TELUS Business customers can qualify for exclusive offers7 on mobility, security, internet and collaboration tools.
Learn more by speaking to an RBC program expert
RBC Small Business Navigator
Businesses at every stage of start-up and growth can use ongoing support, guidance and resources to help them succeed. The RBC Small Business Navigator supports Black entrepreneurs by featuring practical resources, stories of resilience and financial advice to further the growth and management of their businesses.
Visit the RBC Small Business NavigatorOur Commitment to Diversity and Inclusion
Our Commitment to Diversity and Inclusion
RBC Action Plan Against Systemic Racism
On July 6, 2020, RBC released our Action Plan to address issues of inequity and systemic bias. We will continue to listen and evolve our actions by including training and measures of accountability as part of our ongoing commitment to diversity and inclusion.
Speak Up For Inclusion
In 2018, we released the Speak Up for Inclusion video to reignite conversation. People from all walks of life were invited to have an honest discussion about inclusion on camera. This video was followed up with our film “That Little Voice” which challenges the internal dialogues we all have when faced with uncomfortable situations.
RBC Enterprise Diversity & Inclusion Report 2019
The RBC Diversity & Inclusion Report sets out a comprehensive view of our diversity and inclusion priorities, programs and performance that demonstrate our respect for and appreciation of the differences in identity that are fundamental to who we are as members of society.
