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Business Lines of Credit

 

Manage daily expenses and cash flow while taking advantage of opportunities for future growth. Business Lines of Credit from RBC Bank deliver a flexible and hassle-free way to meet a variety of short-term working capital needs.

With a Business Line of Credit, you can:

  • Get the cash you need to purchase inventory, cover seasonal expenses or protect against occasional overdrafts
  • Enjoy variable, Wall Street Journal Prime-based interest rates
  • Simplify your finances

Business CreditLine

Take advantage of a streamlined application process, easy access to needed funds, and flexible repayment terms to help support your company’s daily operations. Features include:

  • Overdraft protection for your Business Deposit Account
  • Unsecured lines up to $25,000
  • Interest only payment options – directly from your RBC Bank checking account
  • Access funds more conveniently – check, web transfer, or business check card
  • Revolving credit – as you repay balances owed, money becomes available for use again and again
  • Automatic annual renewal - no maturity date

Business Equity Lines of Credit

Secure a more flexible, convenient, and lower cost way to help your business cover expenses, make large purchases and protect against overdrafts. A Business Equity Line of Credit from RBC Bank lets you tap into the equity of your residence or vacation home to secure the larger loan amounts you need.


In addition to the benefits of Business Lines of Credit, an Equity Line of Credit may give your business:

  • Access to larger lines of credit
  • Up to 100% of paid interest may be tax deductible1
  • Fixed rate payment options that let you lock in interest rates on loan segments

To apply for a Business Line of Credit or learn more, visit your nearest banking center.

1 Consult your tax advisor regarding deductibility of interest.

All credit is subject to approval.