Royal Bank of Canada (RBC) announced that it is joining the Business Development Bank of Canada (BDC)'s Business Accelerator Loan Program - an innovative financing solution that helps small and medium-sized businesses access the financing they need to grow their business. Through BDC's Business Accelerator Loan Program, RBC will deliver up to $500,000 in financing to qualifying Canadian businesses, backed by a BDC guarantee. Available to businesses with less than $10 million in revenue that have been operational for over 12 consecutive months, the program expands access to funding for growing businesses that may not qualify for traditional lending.
The financing can be used to fund operating cash flow needs. This collaboration reflects RBC's commitment to supporting entrepreneurs at every stage of their journey. RBC offers a range of solutions, financing, and advice tailored to meet the unique needs of small and medium-sized businesses, including Beyond Banking services that go beyond traditional banking.
In 2025, RBC was named the Best SME Bank in Canada and in North America by Global Finance, marking the fourth consecutive year it has received this distinction.
