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Economic Impact

 

Small Business

RBC was founded on the initiative of eight Halifax merchants back in 1864, and we have recognized the importance of small business ever since. RBC has over half a million small business clients in Canada, the United States and the Caribbean. At the heart of our commitment to these clients is our pledge to listen, understand and respond to their needs and to provide tailored solutions.

This section covers:

Leadership

Canada

  • RBC is a market leader, serving approximately one in every four business clients in Canada.

  • We have over 750 RBC account managers, business and personal, dedicated to managing the needs of small business owners in Canada.

  • We are the market leader for women entrepreneurs in Canada, with approximately 19% market share.

United States

  • RBC Bank has approximately 160 bankers who serve small business including 60 account managers dedicated to business banking and 100 account managers dedicated to the community banking segment.

  • Our 430 plus banking centre managers also have business segment goals.

Caribbean

  • RBC serves more than 1,000 small business customers in the Caribbean.
Access to Credit

RBC is committed to helping small, commercial and corporate businesses prosper. Providing debt financing or credit is one of the ways we help businesses to grow and succeed, whether they are starting, maintaining or expanding their operations. RBC offers a host of credit solutions tailored to meet the needs of diverse businesses at various stages. As part of our annual Canadian Public Accountability Statement, RBC discloses the number of business clients we lend to across Canada, and the amount of credit made available to them. See Debt Financing for Canadian Businesses.

But access to credit is only one need of small business clients. We also strive to meet other needs by providing the best possible products, advice and expertise. For instance, in 2008 RBC streamlined the process for Canadian small business clients to access U.S. banking services through RBC Bank's Small Business Solutions Centre.

Knowledge experts

There aren't one-size-fits-all solutions for small business clients. We serve a diversity of industries, and have dedicated specialists to meet their needs. For instance:

  • We tailor products and services for professionals, franchise owners and public sector organizations in Canada and the United States.

  • Consistent with the changes occurring within the Canadian manufacturing sector, we have expanded our capabilities to serve the broader supply chain sector. We have almost 250 supply chain specialists located across Canada dedicated to serving manufacturing and supply chain companies, including wholesale, transportation and logistics.

  • We are the market leader in helping knowledge-based industries in Canada, with almost 50 specialized account managers and risk managers dedicated solely to this sector.

  • We are the market leader for women entrepreneurs in Canada. Our Women's Champions Network is made up of frontline sales leaders from across the country.
  • We provide tailored services and advice to help young people start and grow their businesses.

  • In 2008, we helped retail business owners across Canada by hosting events where we provided specialized advice and panel discussions. We also sponsored the Retail Council of Canada, and launched the Retail Security Self Assessment guide book in partnership with the Retail Council of Canada.

 


Related Links
  Business Resources

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10/13/2009 09:18:48