Grow, Expand, Improve – With Long-Term Financing for Your Business

Whether you’re looking to acquire new equipment, expand your inventory or open in new locations, a term loan can help you achieve the big goals you have for your business.

Ready to Apply?

Call our 24/7 Business Helpline

1-800-769-2520

A Term Loan Is Commonly Used For:

  • Purchasing or renovating business property
  • Purchasing, installing or modernizing business equipment or other capital assets
  • Refinancing existing debt to streamline your cash flow and management of payments

Key Benefits

Fixed Rate Loans
  • Stabilize your cash flow with predictable and consistent payments
  • Maintain your loan carrying cost when interest rates rise so that you always know what your costs are and can manage your finances accordingly.
  • Accelerate your pay down with an annual 10% prepayment privilege at no charge
  • Starting at $10,000
Variable Rate Loans
  • Benefit from lower interest rates immediately if the prime rate changes
  • Protect your cash flow and convert to a fixed rate term loan if the prime rate rises
  • Prepayments, either partial or in full, can be made anytime without penalty
  • Starting at $5,000
Loan Calculator

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?

These loans are typically secured for a term up to 7 years but not exceeding the useful life of what is being financed.

Maximum amortization of up to 25 years when financing real estate depending on the type of property.

Business Loan Insurance Plan** is available on most RBC business loans and helps ensure the financial obligations of your business should you meet with any uncertainty. (certain conditions may apply)

Available in Canadian funds only.

Ready to Get Started?

How many employees do you have?

Call our 24/7 Business Helpline
1-800-769-2520
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