Vancity Community Investment Bank (VCIB) Succession Financing
Starting at $500K
Loan
Description:
VCIB offers Succession Financing as a solution to help businesses fund mergers and acquisitions.
Comments on Funding:
Funding takes the form of a loan:
– Amortization period: 5-7 years;
– Loan to value: up to 75%;
– Fixed or variable rates;
– Loans starting at $500K;
– Various interest rate term lengths available.
Rolling deadline
Eligibility:
Applicants must be seeking financing to acquire or merge businesses.
Application Steps:
For details, applicants must contact VCIB through their online contact form.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.
