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Short-Term Needs

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.

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.

Suitable for:

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
Pre-arranged limit
  • Once set, you have access up to this limit
  • Bank will honour cheques written up to this limit, although you do not have funds in the account
  • You will be able to meet your immediate obligations and make payments on time, while you wait to collect monies owed to you.
Variable interest rate
  • Your interest rate is adjusted to reflect current condition in the market / economy
Pay only for funds spent
  • You control the interest cost incurred by the business as you are only charged interest on the funds for the period of time in use
Access to NetBank for Small Business
  • Through the online banking service, you can
  • Monitor account activity and balances
  • Send wire transfers any where in the world
  • Pay employees salaries

How to apply for a commercial overdraft:

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:

  • Monthly cash flow projections for the next three (3) years
  • If your business is already operating
    • Financial statements for the last three (3) years
  • If you are about to set up your business
    • Your Business Plan, detailing the type of business, competitive analysis, marketing plan
    • Projected Financial statements for the next three (3) years

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.

Suitable for:

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
Pre-arranged limit
  • Once set, you have access up to this limit
  • You will be able to meet your immediate obligations / payments on time, while you wait to collect monies owed to you.
Variable interest rate

  • Your interest rate is adjusted to reflect current condition in the market / economy
Pay only for funds spent

  • You control the interest cost incurred by the business as you are only charged interest on the funds for the period of time in use
Multiple access to the funds

  • You can drawdown, repay and draw down again as required, up to the limit of the loan
Flexible payment options
  • You decide when and how much to pay back on the loan.*
Available in multiple currencies
  • Financing under the revolving loan is available in both the 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

* subject to the loan being repaid within 12 months

How to apply for a revolving loan:

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:

  • Monthly cash flow projections for the next three (3) years
  • If your business is already operating
      Financial statements for the last three (3) years
  • If you are about to set up your business
    • Your Business Plan, detailing the type of business, competitive analysis, marketing plan
    • Projected Financial statements for the next three (3) years

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.

Suitable for:

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
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

How to apply for a short term loan:

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:

  • Monthly cash flow projections for the next three (3) years
  • If your business is already operating
    • Financial statements for the last three (3) years
  • If you are about to set up your business
    • Your Business Plan, detailing the type of business, competitive analysis, marketing plan
    • Projected Financial statements for the next three (3) years

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.