Prêt Express (Express Loan)
$5,000.00
Loan
Description:
The Express Loan program is for all businesses located in the MRC Côte-de-Gaspé that are looking to take advantage of fast-tracked funding for needs that are immediate and often difficult to finance. This program offers a $5,000 fixed principle business loan repayable over a three-year (3) term.
Comments on Funding:
Funding takes the form of business loans of $5,000 (fixed amount).
Loan terms and fees:
1. Monthly reimbursement payments;
2. Term: 36 months;
3. Interest rate: Prime business rate of the Bank of Canada plus 4%;
4. Compulsory: $5,000 personal guarantee (100%);
5. Life insurance is required.
Continuous Intake
Eligibility:
Applicants must:
1. be businesses;
2. be seeking quick and tailored financing for specific needs that are often challenging to fund;
3. meet these eligibility criteria:
a) The main activities of the business are located within the territory of SADC de Gaspé;
b) The business must have economic purposes;
c) The project complies with conflict of interest rules;
d) The project aligns with the intervention sectors of SADC;
e) The business demonstrates good financial health.
Application Steps:
For application details, applicants must contact SADC de Gaspé through:
Telephone: (418) 368-2906
Email: sadcgaspe@outlook.com
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
