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Business Lending

 

Through local relationship bankers, RBC Bank offers a wider variety of lending solutions - from operating lines of credit and business credit cards to commercial real estate and SBA loans - developed specifically to meet the needs of growing businesses in today's marketplace. Take a minute to review our summary of business lending solutions and see the many ways RBC Bank can help businesses like yours.

  Business Needs Features & Benefits Typical Application Requirements

Business Installment Loans

  • Purchase or refinance equipment, vehicles, or real estate.
  • Fixed or variable interest rates
  • No prepayment penalties
  • Automatic payment options
  • Secured by: Asset(s) purchased with loan funds
  • SBA and ExpressLoan options
  • Application
  • Personal Financial Statement
  • 2 yrs business/ personal tax returns
  • Business Financial Statements

Business Lines of Credit

  • Support seasonal cash needs
  • Purchase inventory
  • Manage accounts payable
  • Finance growth opportunities
  • Lines from $5,000 and up;
  • Multiple ways to advance funds
  • Flexible repayment options
  • Variable interest rates
  • Secured by: Business assets and/or the equity of the business owner's residence or vacation home
  • Application
  • Personal Financial Statement
  • 2 yrs business/ personal tax returns
  • Business Financial Statements

Letters of Credit

  • Guarantee payments to suppliers
  • Establish credit history
  • Commercial and Standby options
  • Secured by: Cash or other liquid assets of the business and/or business owner(s)
  • Application
  • Personal Financial Statement
  • 2 yrs business/ personal tax returns
  • Bank/ investment statements on pledged accounts

SBA Loans

  • Equipment and Machinery Financing
  • Real Estate Financing
  • Leasehold Improvements and Fixtures Financing
  • Inventory Financing
  • Business Acquisition Financing
  • Debt Refinancing
  • Franchise Financing
  • Loan amounts up to $5 million
  • Flexible payment terms based on individual needs
  • Longer repayment terms with no balloon payments
  • Low documentation requirements for loans under $1 million
  • Lines of credit available
  • Flexible collateral requirements
  • Streamline application process since RBC Bank is an SBA Express lender
  • Reduced approval and closing time since RBC Bank is an SBA Preferred lender
  • Apply with your local RBC Bank Relationship Manager

Business Loans

Improve your business operations or plan for the future with a Business Loan from RBC Bank. With everything from a convenient Business Express Loan to Real Estate and Small Business Administration lending services, you’re sure to find the solution you need.

Business Lines of Credit

Take control of daily expenses and get the cash you need to cover seasonal expenses, purchase inventory, or protect you from overdrafts. Business Lines of Credit, including our Business CreditLine and Business Equity Line of Credit, deliver a flexible and hassle-free way to meet a variety of short-term working capital needs.

Letters of Credit

Guarantee payments and contract terms for domestic transactions and long-term vendor relationships with Letters of Credit from RBC Bank.

Community Development

Make your community development project a reality with help from the Community Development Lending Group at RBC Bank.

Small Business Administration Loan Programs

RBC Bank is a Preferred SBA lender that can offer a wide variety of SBA loans for virtually any small business need. These loans are provided to small businesses and are guaranteed by the U.S. Small Business Administration.

To learn more or schedule a meeting with a business banking specialist, call us at 1-877-RBC BANK (877-722-2265) or send us an email.


All credit is subject to approval.