Croissance et amélioration continue: Expansion (Growth and Continuous Improvement Loans: Expansion)

By mmuise
Description:

This loan encourages the development of the tourism industry, manufacturing companies as well as agri-food processing companies.


Comments on Funding:

Funding takes the form of loans ranging from $10,000 to $300,000.

Loan terms and fees:
1. Loan with a maximum duration of 15 years.
2. Moratorium on capital repayment for up to 60 months.
3. After the moratorium period, the rate will be fixed at the prime rate + 2% (A rating), prime rate + 2.75% (B rating) or prime rate + 3.5% (C rating) = (minimum 5%).
4. Down payment and guarantees established according to the nature of the project.
5. Pricing according to SADC policy.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be businesses in tourism industry;
  • be manufacturing companies;
  • be agri-food processing companies;
  • be located in the MRC d'Antoine-Labelle.
Application Steps:

-

Documentation Needed:

-

Other Things to Note:

MRC d'Antoine-Labelle (regional county municipality)

About the author
mmuise