Commercial Real Estate Financing

By mmuise
Description:

The Commercial Real Estate Loan offers financing that can be used for:
1. increasing capacity (purchasing land and buildings or covering construction costs to build new ones);
2. upgrading facilities (expanding or renovating existing premises);
3. complementing the line of credit (replenishing working capital depleted by real estate costs).


Comments on Funding:

Funding is a loan of up to 100% of project costs and starts at $100,000.
Loan terms:
1. up to 25 years loan repayment period;
2. up to 36 months principal postponement at the start of the loan;
3. no personal assets taken as collateral.

Deadline: Currently accepting applications
Eligibility:

Applicants must:

  • be Canadian-based businesses;
  • have been in operation for at least 24 months;
  • business owners that:
    a) are Canadian citizen or permanent residents;
    b) have reached the age of majority in the province or territory where they live.
Application Steps:

Applicants must:

1. complete an online business loan request providing a few details about the business, the project and contact information;

2. further discuss with a BDC representative when contacted.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

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About the author
mmuise