EN
The Business Accelerator Loan Program is ideal for:
- Businesses looking to grow but need cash flow support to cover operational costs
- Businesses with historically limited access to traditional loans for their operating cash flow needs
Key Benefits
Flexible financing for operational cash flow
$25,000 - $500,000 in financing
Term
Term and Amortization up to 6 years
Repayment Rate
- Fixed and variable interest rate options
- Principal and interest paid monthly
Loan is Guaranteed
Loans are approved and issued by RBC, supported by an 85% guarantee from BDC
Additional Information
Eligibilitylegal disclaimer 2
- Canadian-based business in operation for at least 12 consecutive months
- Annual gross revenue up to $10 million CAD
- Loan proceeds used to fund operating cash flow needs
- Must be directly operating a business
- Primary banking relationship with RBC prior to application
- Full personal guarantee required
- Additional eligibility criteria apply
Fee Details
In addition to interest costslegal disclaimer 3, the Business Accelerator Loan Program includes the following non-refundable fees charged on behalf of BDC:
- One-time BDC application fee of 1% of the loan amount
- 2% BDC guarantee fee is included as part of your interest rate
Ready to Get Started?
How many employees do you have?
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