FinviloRBC Royal Bank
Business Term Loan
Lump-sum business borrowing for a major purchase or refinancing, separate from revolving business credit.
Provider information link, not an application on this site.
Recorded fees, rates and features
Amounts are in CAD unless the source specifies otherwise. A promotional term is not necessarily an ongoing term.
- Structure
Lump-sum term financing.
Provider source- Uses
Equipment, inventory, property purchases and debt refinancing.
Provider source- Minimum loan
Loans start at CAD 5,000.
Provider source
Eligibility and provincial availability
- Provinces and territories
- Not confirmed
- Application requirements
- Not confirmed
Ask the provider to confirm residence, age, identification, income and any credit requirements that apply to this product. A listing does not guarantee approval.
Is this a fit for you?
Use the recorded details as a starting point, then compare the full cost and conditions with your needs. Product-specific benefits, exclusions and suitability have not received a separate editorial assessment on this page.
Cost of funding
Compare interest, origination charges, repayment deductions and the total cost.
Cash flow fit
Check repayment timing against your business income and seasonal changes.
Personal exposure
Ask about collateral, personal guarantees and what happens if payments are missed.
Do not treat a factor rate as an annual interest rate. Ask the provider to explain the repayment calculation.
Compare alternatives
Sources and important limitations
Official provider information for Business Term Loan
Terms may have changed since this information was collected. Unknown details are not confirmed, not assumed to be free or available nationwide. This is general information, not personalized financial, tax, legal or insurance advice.