Croissance et amélioration continue: Réno façade (Growth and Continuous Improvement Loans: Facade Renovation)

By mmuise
Description:

This loan improves the visual appearance of commercial buildings' interior, showcase, sign and landscaping.


Comments on Funding:

Funding takes the form of loans ranging from $10,000 to $50,000.

Loan terms and fees:
1. Loan with a maximum duration of 10 years.
2. Moratorium on capital repayment for up to 12 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. Waiver of annual file fees for the first two years upon presentation of a professional sketch.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • improve the visual appearance of commercial buildings' interior, showcase, sign and landscaping.
  • be located in the MRC d'Antoine-Labelle.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise