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EmailSetting Up Your Business for Long-Term Success
Opportunities arise and you need to make sure you’re always prepared to take advantage of them. Enable your business to make purchases, or improvements, when the time is right, with financing options that support you now and in the future.
Common Reasons For Choosing a Mid-Term or Long-Term Loan
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Have the ability to make purchases or improvements that keep your business competitive
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Modernize equipment to keep pace with changes in technology
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Finance business expansion at a competitive cost of borrowing
Loan Calculator
If you’re looking to finance business growth or new equipment, our business loan calculator can help you determine important information such as monthly payment options and interest costs for various types of loans*.
Term Loans
If you are looking to purchase property or equipment for your business, a term loan can be matched to the life of the asset you’re buying.
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Available at fixed or variable annual interest rates
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Amortization is in line with the life of the asset
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Consistent payment amounts to let you better manage your cash flow
Best For:
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Businesses that need funds to increase production capacity
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Companies in need of new equipment
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Those looking to refinance debt or realize savings on interest costs for existing loans
Equipment Leasing
Get up to 100% financing for the equipment your business needs.
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Financing for equipment includes taxes and installation
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Lease payments can be tax deductible
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Equipment leasing solutions can be customized to fit your company's needs
Best For:
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Businesses that need to purchase equipment but want to preserve their capital
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Companies focused on keeping pace with technology
Equipment PurchaseLine
Have ongoing access to funds through a revolving line of credit you can use to purchase new equipment.
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Both lease and term borrowing options available
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Once the line has been set up you can continue to purchase equipment as it is paid down
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Flexibility to move from a variable to a fixed rate
Best For:
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Businesses looking to purchase or lease multiple pieces of equipment
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Owners looking to consolidate existing leases and/or existing term loans
RoyFarm Agriculture Business Mortgage
Support all aspects of your farm business with a mortgage solution that provides you with a series of individual loans.
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Re-borrow against your mortgage without having to re-apply
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Choose your own term, rate and schedule
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Match your cash flow with a payment frequency that works for you
Best For:
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Farm businesses looking to expand or acquire farmland
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Farm businesses interested in purchasing equipment or quota
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Those looking to restructure existing loans
Commercial Mortgage
Buy or refinance income-producing property with a mortgage designed to support commercial real estate.
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Financing available over $1,000,000
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Competitive interest rates and terms
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Variable and fixed rate options available
Best For:
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Companies that are financing multi-residential, industrial, office or retail properties
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Businesses investing in income-producing real estate properties greater than $500,000
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Financing properties that are readily marketable
Financière Agricole du Québec
If you’re an aspiring or established farmer in Quebec, La Financière Agricole du Québec (FADQ) offers financial support with secured farm loans.
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Agricultural loans up to $5,000,000
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Forestry loans up to $750,000
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Interest rate discount1 for the entire term of the loan
Best For:
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Young producers looking to establish themselves in the Quebec farming industry
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Farm projects that aim to improve land, diversify production or start a greenhouse operation
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Farm businesses looking to expand operations or invest in the future of their business
Canadian Agricultural Loans Act
The Canadian Agricultural Loans Act (CALA) is designed to support Canadian farmers through the financing of farm production, distribution and improvements.
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Individual farmers can receive up to 80% financing
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New farmers can receive up to 90% financing
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Competitive interest rates and flexible payments
Best For:
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Farm businesses that are financing real estate or other large assets
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Those that are expanding existing farm operations
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Farm businesses looking for financing up to $500,000
Canada Small Business Financing Loan
The Canada Small Business Financing Loan (CSBFL) offers up to $1,000,000 to help small businesses purchase or improve assets.
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Purchases made within the past six months are eligible for financing
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85% of the loan is guaranteed by the Federal government
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Maximum loan of $1,000,000 ($350,000 for equipment and leasehold improvements)
Best For:
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New businesses looking for financial support to start or grow a company
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Established businesses looking to relieve cash flow strain
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Businesses that are financing land, equipment or other major assets
Farm Management Line of Credit
Choose a mix of financing products within one mortgage to meet your broad range of needs.
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Select a combination of financing loan products that are best suited to the needs of your farm
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Choose from a range of terms and rate options
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Customize your repayments to fit your cash flow demands
Best For:
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Farm businesses that are purchasing land
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Those that are looking to improving cash flow
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Companies interested in financing equipment, quotas or renovations
You Might Also Be Interested In:
Standard Online Banking
Bank on your schedule – anytime, from anywhere, with RBC Online Banking for business and the RBC Mobile app2.
Payment Solutions
Improve your cash flow with Moneris—Accept debit and credit card payments any way your customers want to pay, in-store, online or on mobile.
Commercial Mortgage
Buy or refinance your income-producing properties with competitive-rate mortgages over $1,000,000.
Ready to Get Started?
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*
The business loan calculator assumes: (i) a constant interest rate throughout the amortization period and (ii) that interest payments will be made monthly for both payment types (Principal Plus Interest or Blended). The calculations produced do not account for, among other things, the following factors that may impact amortization: (i) non-scheduled payment reductions such as lump sum payments, (ii) Business Loan Insurance Plan premium payments, (iii) leap years, (iv) maturities on dates other than payment due dates or (v) interest adjustments. Due to the foregoing, the amortization schedule produced by the business loan calculator may differ from an actual payment schedule.
The calculations and amortization schedule produced are: (i) based on the accuracy and completeness of the data you have entered, (ii) based on assumptions that are believed to be reasonable, and (iii) for estimation purposes only and should not be relied upon for specific financial or other advice. When you make your credit application, interest rates may have changed or may be different due to information contained in your application.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or calculations in connection with this business loan calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by you in reliance on any information or calculations.
The calculations and amortization schedule produced are: (i) based on the accuracy and completeness of the data you have entered, (ii) based on assumptions that are believed to be reasonable, and (iii) for estimation purposes only and should not be relied upon for specific financial or other advice. When you make your credit application, interest rates may have changed or may be different due to information contained in your application.
Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or calculations in connection with this business loan calculator. Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or calculations, or any action or decision made by you in reliance on any information or calculations.
1)
Interest rates are dictated by the Quebec Government. Visit https://www.fadq.qc.ca/en/financial-support-for-aspiring-farmers to learn more.
2)
RBC Mobile is operated by Royal Bank of Canada, RBC Direct Investing Inc. and RBC Dominion Securities Inc. RBC Online Banking is operated by Royal Bank of Canada.