{"id":4827,"date":"2021-11-09T22:33:29","date_gmt":"2021-11-10T03:33:29","guid":{"rendered":"https:\/\/www.evol.ca\/?page_id=4827"},"modified":"2026-08-20T11:38:27","modified_gmt":"2026-08-20T15:38:27","slug":"business-start-up","status":"publish","type":"page","link":"https:\/\/www.evol.ca\/en\/financing\/business-start-up\/","title":{"rendered":"business loans"},"content":{"rendered":"\n<h2 id=\"h-loans-ranging-from-20-000-to-75-000\" class=\"wp-block-heading\">loans ranging from $20,000 to $75,000<\/h2>\n\n\n\n<p class=\"has-large-font-size wp-block-paragraph\"><strong>Commercialization stage: significant sales expected within three months after receiving a loan<\/strong><\/p>\n\n\n\n<h3 id=\"h-conditions\" class=\"wp-block-heading h_2-6rem\"><strong>Conditions<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list has-large-font-size\">\n<li>requires a minimum down payment of 5% of the value of the project;<\/li>\n\n\n\n<li>maximum amortization period of 8 years;<\/li>\n\n\n\n<li>interest rate calculated based on a base rate plus a percentage risk premium determined by the business\u2019s risk profile;<\/li>\n\n\n\n<li>possible moratorium when the loan is disbursed and during its term;<\/li>\n\n\n\n<li>file set-up fee of $350;<\/li>\n\n\n\n<li>a loan management fee (charged each year on the anniversary of the loan and calculated as follows:\n<ul class=\"wp-block-list\">\n<li>0.40% of the outstanding loan balance, with a minimum fee of $200 and a maximum of $1,800.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>the business must contribute to one or more of the UN\u2019s Sustainable Development Goals (SDGs) by being: an impact business (a business whose products or services offer a solution to a social or environmental challenge); OR an eco-responsible business (committed to adopting or enhancing sustainable business practices over the course of its financing). To find out more about <a href=\"https:\/\/www.evol.ca\/en\/sustainable-development\/\">sustainable development<\/a>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<section class=\"evol-spacer\"><\/section>\n\n\n<div class=\"block-background  light-mode\" \n style=&quot;background-color:#f1eee6;&quot; >\n    <span class=\"block-background__label\">Content with background<\/span>\n  \n    \n<section class=\"evol-spacer\"><\/section>\n\n\n\n<h3 id=\"h-documents-required-to-make-an-application\" class=\"wp-block-heading h_2-6rem\"><strong>Documents required to make an application<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list has-large-font-size\">\n<li>a business plan;<\/li>\n\n\n\n<li>two-year projected financial statements;<\/li>\n\n\n\n<li>CVs of the shareholders.<\/li>\n<\/ul>\n\n\n<section class=\"evol-spacer\"><\/section>\n\n\n\n<\/div>\n\n                    \n\n\n<div class=\"block-background  light-mode\" \n style=&quot;background-color:#b2d0d3;&quot; >\n    <span class=\"block-background__label\">Content with background<\/span>\n  \n    \n<section class=\"evol-spacer\"><\/section>\n\n\n\n<h3 id=\"h-important-information\" class=\"wp-block-heading h_2-6rem\"><strong>Important information:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list has-large-font-size\">\n<li>financing may be used for the acquisition of tangible and intangible assets, working capital related to the business&#8217;s operations after the date the loan is granted, the development and commercialization of new products and services for existing businesses, and the purchase or buyback of shares.<\/li>\n\n\n\n<li>most sectors are eligible;<\/li>\n\n\n\n<li>interest rates are calculated based on the level of risk;<\/li>\n\n\n\n<li>amortization periods range from 2 to 8 years;<\/li>\n\n\n\n<li>possibility of a moratorium both when the loan is granted and during its term;<\/li>\n\n\n\n<li>possibility of a moratorium during parental leave;<\/li>\n\n\n\n<li>analysis and ongoing file management fees apply.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.evol.ca\/wp-content\/uploads\/2025\/11\/evol_politique_financement_EN.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Learn more about our financing policy<\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.evol.ca\/en\/financing\/#eligibility\">check your eligibility<\/a><\/div>\n<\/div>\n\n\n<section class=\"evol-spacer\"><\/section>\n\n\n\n<div style=\"height:18px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<\/div>\n\n                    \n","protected":false},"excerpt":{"rendered":"<p>loans ranging from $20,000 to $75,000 Commercialization stage: significant sales expected within three months after receiving a loan Conditions<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":4742,"menu_order":18,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"class_list":["post-4827","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - 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