SADC Matawinie Fonds De Roulement (Working Capital)
$150,000.00
Loan
Description:
SADC Matawinie offers a loan for companies with a temporary need for liquidity for certain activities. The working capital loan is intended for businesses:
1. In a situation of rapid growth of their operations and rapid increase in their sales/contracts requiring a significant increase in their working capital;
2. In situations where there is a need to purchase larger amounts of stock for several contracts or planned seasonal traffic than usual.
Comments on Funding:
Funding is a loan varying from $5,000 to $150,000:
– Down payment: none;
– Term: Maximum of 5 years;
– Capital repayment moratorium of 6 months at the start of amortization;
– Interest rate: Bank of Canada base rate + 2% + risk premium;
– Guarantees: Equipment or customer account, personal or third-party guarantee;
– Full amount life insurance;
– File opening fee: $150;
– Management fees: 1% of the loan, minimum $100;
– Annual monitoring fee: $50.
Continuous Intake
Eligibility:
Applicants must:
1. be businesses;
2. be seeking temporary need for liquidity;
3. have been in operation for at least 2 years;
4. 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
