Supply Chain Support Loan

By mmuise
Description:

Supply Chain Support Loan provides financing between $100,000 and $500,000 for businesses impacted by supply chain delays and disruptions.


Comments on Funding:

Funding is in the form of loans between $100,000 and $500,000.

Loan terms:
1. the principal payment postponement is up to 12 months;
2. no penalty for early repayment;
3. the repayment period is up to 60 months (including initial principal postponement).

Deadline: -
Eligibility:

The applicant must:

  • own a business that has been in operation for at least 24 months;
  • be a Canadian citizen or permanent resident;
  • have reached the age of majority in the province or territory in which he/she lives;
  • own a business impacted by supply chain delays and disruptions.
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:

-

About the author
mmuise