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Short-term Needs

We can help you with short-term financing to keep your business operations running smoothly.

Sometimes even the best run businesses are susceptible to cash flow fluctuations and require short-term financing to keep operations running smoothly and execute plans without constraint.

Loans and Lines of Credit

Flexible credit options for now and the future. Our wide range of loan options let you choose what's right for your business now and in the future. Convenient and flexible terms, payment schedules and credit access can let you concentrate on what's most important - running your business.

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You are on: Revolving Facilities tab

Access credit you need up to your authorized limit any number of times before the line matures.

Your line can be accessed via an Overdraft or a Revolving business loan depending on your repayment preference 

Overdraft

No matter what type of business you run, you need a secure cash flow to succeed. An overdraft facility supplements your cash flow by providing your business with a line of credit that is accessible 24 hours a day through a wide variety of channels.

Revolving Business loans (up to 1 year)

With a revolving short-term loan you can access funds as the need arises once you pay down any portion of the loan, you can use it again any number of times up to the maturity date.

Suitable for:

  • Funding working capital needs, operating expenses and seasonal inventory requirements.

Benefits

  • Only need to repay what has been used.
  • Cashflow safety net in situations where cash inflows and cash outflows are misaligned.
  • Unlimited drawdown up to authorized amount.
  • Choice between flexible or more structured repayment schedules.
  • It gives the borrower flexible access to funds, usually drawn on a staggered basis or based on seasonal requirements.

Business Overdraft Protection

Even the best-run business can find itself short of funds; that's why we offer increased protection for your business. Overdraft protection allows you to extend your cash resources when you need it, giving you peace of mind while helping to protect your business’ reputation and credit rating.

How can this help my business?

Provides overdraft protection for greater control over your day-to-day cash flow. Cheques will be honoured if you're overdrawn, provided you're within your overdraft limit. Access these funds anywhere, and at anytime, through ABMs, Online, and through your Client Card at branches.

You are on: Invoice and Receivables Discounting tab

If you have an outstanding invoice and would like to get immediate payment, RBC will pay a percentage of the invoice value now and take up responsibility of collecting payment from your debtor on the actual due date.

Suitable for

Funding working capital gaps.

Benefits

Improve cash flow by gaining access to funds from outstanding credit sales that would normally be tied up and awaiting collection.

You are on: Credit Cards for Business tab

RBC offers a variety of credit cards to suit your business needs. Choose the card that works best for you. Enjoy convenience, security and value to fit your lifestyle.

Features

  • RBC credit cards are accepted at millions of merchants worldwide.
  • Get 24 hour customer service using 1-800 toll-free number from anywhere in the world.
  • Fraud monitoring system in place to ensure the safety and security of your account.
  • Enjoy very competitive fees and rates.
  • We guarantee quick turnaround from application to credit card in your hand!


Benefits

  • Fixed rate of interest.
  • Ability to efficiently track and manage all your business expenses.
  • RBC Rewards programs.
  • Improve cash flow and cut cheque writing costs.
  • Easy access to all your transaction informaton through Online Banking.


Choose the card that's right for you! For more information, please contact our Barbados Card Centre collect or direct at 1-246-431-6777. From outside Barbados call toll-free 1-888-847-5803