Small Business and Not-for-Profits
At the heart of RBC's commitment to businesses is our pledge
to listen, understand and respond to the needs of our clients.
In Canada, we continue to lead the market in the number of
small business clients served. In the United States, we have
made small business one of our key focus areas.
We aim to provide access to credit
and put the client first.
Our knowledge experts
provide solutions for a diversity of needs.
Business Banking at RBC
Canada
- RBC is a market leader, serving one in every four business
clients in Canada.
- We have over 750 RBC account managers dedicated to small
business in Canada.
- We are the market leader for women entrepreneurs in Canada,
with 19 per cent market share.
United States
- RBC Centura serves small business clients throughout
the U.S. Southeast
- We have about 420 bankers who serve small business, with
80 people dedicated solely to this segment.
Caribbean
- RBC serves more than 1,000 small business customers in
the Caribbean.
Access to credit and more
Financing is essential for many small businesses to start,
operate or grow. RBC offers a host of credit solutions tailored
to meet the needs of diverse businesses at various stages.
In 2007, RBC made it easier for small businesses in Canada
to
obtain and manage credit by:
- Simplifying and streamlining the credit process with
a simpler application process, automated adjudication and
streamlined documentation
- Introducing an online Visa application.
In the United States, RBC Centura demystified credit products
for small businesses by simplifying and standardizing processes.
We also enhanced our Business CreditLine by increasing its
parameters to the US$100,000 level and we launched a Business
Equity Line of Credit to meet customer financing needs where
traditional commercial credit is not available.
But access to credit is only one concern of small business
clients. We also strive to meet other needs by providing the
best possible products,
advice and expertise.
We support the not-for-profit sector by providing customized
services and expertise,
as well as funding for organizations such as the Canadian
Society of Association Executives, dedicated to managing many
of Canada's most progressive associations.
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