SADC Matawinie Financement de commande (Order Financing)
$150,000.00
Loan
Description:
SADC Matawinie provides financial support for businesses seeking short-term liquidity. This funding can cover expenses such as product procurement or manufacturing, including production wages and the acquisition of raw materials associated with specific purchase orders. This temporary loan serves to free up liquidity and does not impact the company’s credit line.
Comments on Funding:
Funding is a loan of up to $150,000, maximum 75% of the purchase order:
– Term: Maximum of 1 year
– Interest rate: SADC base rate* + risk premium;
– Reimbursement: Interest monthly and capital upon repayment of the purchase order;
– Guarantees: Specific customer account, personal guarantee and/or by a third party;
– If ordering outside Canada, participation from Export Development Canada (EDC) required;
*SADC base rate: Base rate for business loans from the Bank of Canada increased by 2%.
Continuous Intake
Eligibility:
Applicants must:
1. be businesses;
2. be seeking financing for short-term liquidity;
3. be located in the service area of SADC Matawinie.
Application Steps:
Applicants must apply online.
Documentation Needed:
For details about the documentation requirements, applicants must connect with the Business Advisor:
Phone: (450) 883-0717
Email: sadc@matawinie.qc.ca
Other Things to Note:
- All
- Baie-Atibenne
- Baie-de-la-Bouteille
- Baie-Obaoca
- Chertsey
- Entrelacs
- Lac-Cabasta
- Lac-des-Dix-Milles
- Lac-Devenyns
- Lac-du-Taureau
- Lac-Legendre
- Lac-Matawin
- Lac-Minaki
- Lac-Santé
- Lanaudiere
- Manawan
- Non-profit Organization
- Notre-Dame-de-la-Merci
- Quebec
- Rawdon
- Saint-Alphonse-Rodriguez
- Saint-Côme
- Saint-Damien
- Saint-Donat
- Saint-Félix-de-Valois
- Saint-Guillaume-Nord
- Saint-Jean-de-Matha
- Saint-Michel-des-Saints
- Saint-Zénon
- Sainte-Béatrix
- Sainte-Émélie-de-l'Énergie
- Sainte-Marcelline-de-Kildare
- Working Capital
About the author
Maurice
