Lines of Credit
As a business owner, your needs are always changing. With fluctuating cash flow during seasonal and economic changes, a Royal Bank business line of credit can help you run your business more efficiently. Enjoy easy access to funds when you need them and repay the line with flexible repayment terms. Simply borrow, repay and borrow again as many times as needed, up to the original amount agreed upon by you and your lender.
Upgrade equipment, add to your inventory, pay down other debt obligations or cover operating costs without causing financial burden for your business. Whether you are just starting out or are an established business, a line of credit from Royal Bank allows flexibility, freedom and worry-free financing for businesses of any size.
- Operating expenses
- Equipment loans and technology purchases
- Pay down debt
- Pay merchants and vendors
- Seasonal working capital
Our team of experienced and award-winning lenders take the time to understand your individual goals, educate you on available options and work with you to find a fitting financial solution. In addition, decisions are made locally so your financial information stays local and decisions are made fast.
- Quick and easy access to funds
- Flexible repayment terms
- Competitive interest rates
- No interest due until a draw is made
- Local approval for fast decisions
Contact a member of our lending team today to learn more.