CPG stands for Consumer Packaged Goods, referring to low-cost, quickly sold products like food, beverages, toiletries, and other consumables. These frequently purchased, branded items are staples for consumers.
Founder Focus
No preference
Products & Solutions
Business Loans, Traditional Banking
Business Stages
Expansion, Mature, Growth, Pre-Revenue, Start-Up
RBC Canada Small Business Financing Loan
Government-Guaranteed Loans to Support the Growth of Your Business
Small businesses looking to purchase or improve their assets for new or expanded operations could benefit from the Canada Small Business Financing Loan (CSBFL). This loan is a government-sponsored loan program that offers up to $1,000,000 Term Loan (of which $500,000 for equipment, leasehold improvements, intangible assets and working capital, of which $150,000 for intangible and working capital) to small businesses in Canada.
A Canada Small Business Financing Loan Is Commonly Used For:
New businesses looking for financial support to start or grow a company
Established businesses experiencing issues with cash flow as a result of a large investment
Key Benefits
Loan Is Guaranteed
85% of the loan is guaranteed by the Federal government.
Previous Purchases Are Eligible
Purchases made within the past 365 days prior to the date of the loan approval are eligible for financing.
Repayment Options That Work for You
Floating rate principal plus interest
Floating rate principal including interest (blended payments)
Fixed rate principal plus interest rate
Fixed rate principal including interest (blended payments)
Terms That Meet Your Needs
Amortization for all asset classes, including real property/immovable, equipment, leasehold improvement, intangible asset and working capital, up to 15 years
Location
Website
1-855-227-7627
Call
book an appointment with your local branch