Access to the Working Capital You Need to Effectively Operate Your Business
Supplement your cash flow with a line of credit that gives you access to the funds you need, when you need them. The 2-way revolving line of credit, available at a minimal extra cost, automatically deposits funds into your operating account when you are low and transfers funds back to pay your principal.
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Royal Business OperatingLine Is Commonly Used For:
- Providing funds needed to support new business growth
- Covering gaps in your operating cash flow
- Simplifying management of your business loans and operating accounts
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Tell us about your business and we will find you the right solution.Get started
Tell us about your business and we will find the solutions that are right for you.Get started
Credit lines start at $10,000
Automatic Fund Transfers
Your business deposit balance is automatically checked every business day and funds transferred from your Royal Business OperatingLine to your account to cover any shortfalls. The credit line is then automatically paid down with available funds in your everyday operating account.
Access additional funds for your business deposit account at any time – through ATMs, Online Banking for Business and through the RBC Mobile1 App or in branch.
If you’re looking to finance business growth, new equipment or more staff, our business loan calculator will help you determine the monthly payment and interest costs for various types of loans*.Go to Calculator
What Else Do You Need to Know?
There are two options for transferring funds between the Royal Business OperatingLine and your RBC everyday operating account**
OperatingLine PLUS: Two-way revolve between the Royal Bank OperatingLine and your RBC operating account means you never have to worry about funds being available or paying the principle of your credit line.
OperatingLine: One-way transfer of funds from your Royal Business OperatingLine to your RBC operating account.
The automatic transfer between the Royal Business OperatingLine and operating account is operated through a Revolving Funds Arrangement. Revolving Funds Arrangement is an arrangement between the client and the Bank that whenever the account is overdrawn, the Bank will revolve the loan up to the available credit limit to cover the overdraft (and Minimum Retained Balance) in agreed upon revolvement multiples. For the OperatingLine Plus option, the Bank will also, whenever there is a credit balance in the Everyday Operating Account, apply all of that balance to the Royal Bank OperatingLine (depending on the revolving increments and Minimum Retained Balance).
Business Loan Insurance Plan*** is also available for the Royal Business OperatingLine of Credit (certain conditions may apply†).
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Everyday Operating Accounts
Stay on top of the day-to-day financial needs of your business.
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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.