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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.
Our wide range of lines of credit and term loan options lets you choose what's right for your business. Convenient and flexible terms and payment schedules make it easy to tailor-fit the best solution for your specific needs.
You are on: Commercial Overdrafts tab
A commercial overdraft is a line of credit which allows you access to funds on your business’ current account up to a pre-arranged limit. It is accessible 24 hours a day through a wide variety of channels.
Commercial overdrafts are available in domestic currency only. However if short term funds are required in foreign currencies, we have several other financing options available.
Funding working capital needs, operating expenses and seasonal inventory requirements.
Let’s take a look at how having a commercial overdraft can help you:
Feature | Benefits |
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Pre-arranged limit |
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Variable interest rate |
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Pay only for funds spent |
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Access to NetBank for Small Business |
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If you are interested in getting a commercial overdraft, call us to make an appointment or come in to talk with our Relationship Managers, with the following documents:
You are on: Revolving Loan tab
A revolving loan is a line of credit that allows a borrower to use the funds whenever needed, up to pre-arranged limit, to finance various working capital needs of the business. The ‘revolving’ nature of a loan allows for the loan amount to be drawn-down, repaid when payment is received, and redrawn again any number of times. As the revolving loan is used to finance short term assets and liabilities of the business, the balances are expected to fluctuate each month depending on the customer's current cash flow needs. The account operation is reviewed and renewed every year.
Revolving loans are available in domestic currency, or USD, subject to the verification of business’ earnings in USD.
Funding working capital needs,operating expenses, seasonal inventory requirements and specific contract / project requirements.
Let’s take a look at how having a revolving loan can help you:
Features | Benefits |
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Pre-arranged limit |
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Variable interest rate |
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Pay only for funds spent |
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Multiple access to the funds |
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Flexible payment options |
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Available in multiple currencies |
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* subject to the loan being repaid within 12 months
If you are interested in getting a revolving loan, call us to make an appointment or come in to talk with our Relationship Managers, with the following documents:
You are on: Short-Term Loan tab
Short term loans have a maturity date of less than 12 months, and are granted to finance either working capital requirements or low cost assets. While the funds may be accessed in either a single or in multiple draw-downs, the loan is not of a revolving nature and therefore must be repaid in accordance with the clearly defined repayment schedule.
Funding business expenses such as travel expenses, and low cost assets e.g. office equipment.
Let’s take a look at how having a short term loan can help you:
Features | Benefits |
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Short term in nature (less than 1 yr) | Allows the business to repay quickly and not incur interest expense over extended periods |
Interest rate options | Interest rates may be fixed or variable, allowing you to manage your interest rate risk |
Flexible payment options | For variable interest rate short term loans you can make additional payments based on your cash flow and reduce your interest cost on the loan |
Available in multiple currencies | Financing under this loan is available in both domestic currency as well as USD.
NB: USD financing option is available subject to evidence of earnings in USD and availability of funding in the currency |
If you are interested in getting a short term loan, call us to make an appointment or come in to talk with our Relationship Managers, with the following documents:
You are on: Business Credit Cards tab
RBC Royal Bank offers business credit cards to suit your business needs. Enjoy convenience, security and value to fit your business needs.
View our business credit cards - RBC Rewards Visa Business Platinum and Visa Business
Please contact your branch to discuss which available facilities work best for you.