business loan

requires a capital outlay of at least 5% of the value of the project;
maximum amortization of 8 years;
interest rate calculated from a base rate, plus a % based on the risk premium associated with the business;
possibility of a moratorium when the loan is granted or during its term;
File set-up fees:
- For loans between $20,000 and $75,000: $350
- For loans between $75,001 and $250,000: $500
- For loans between $250,001 and $450,000: $650
Loan management fee (amount charged annually on the loan anniversary date), calculated as follows:
- Rate of 0.40% of the balance of the loan, for a minimum of $200 and a maximum of $2700.
The business must contribute to one or more of the UN’s 17 Sustainable Development Goals as an impact enterprise (business whose services or products offer a solution to a social or environmental issue) OR an eco-friendly business (business committed to integrating or improving sustainable development practices during the course of its financing).

possibility of financing the acquisition of tangible and intangible assets, working capital related to business operations after the loan is granted, development and marketing of new products and services for an existing business as well as share purchases or buybacks;
most sectors of activity are eligible;
interest rate calculated based on risk levels;
amortization period from 2 to 8 years;
possibility of a moratorium when the loan is granted and during its term;
possibility of a moratorium for parental leave;
application and file management fees apply.

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