loan from $20,000 to $100,000
- significant sales expected within 3 months from the loan being granted;
- requires a capital outlay of at least 5% of the value of the project;
- maximum amortization of 8 years;
- interest rate calculated from a base rate, plus a % based on the risk premium associated with the business;
- possibility of a moratorium when the loan is granted or during its term;
- file set-up fees of $350;
- loan management fee (amount charged annually on the loan anniversary date) calculated as follows:
- Rate of 0.40% of the balance of the loan, for a minimum of $200 and a maximum of $1,800
documents required to initiate an application
- business plan;
- two-year financial projections;
- curriculum vitae of shareholders.
The business must contribute to one or more of the UN’s 17 Sustainable Development Goals (SDG) by being an impact business (business whose service or product offers a solution to a social or environmental issue) OR an eco-friendly business (business that commits to integrating or improving sustainable development practices during the course of financing).
we empower entrepreneurs to achieve their ambitions
- possibility of financing the acquisition of tangible and intangible assets, working capital related to business operations after the loan is granted, development and marketing of new products and services for an existing business as well as share purchases or buybacks;
- most sectors of activity are eligible;
- interest rate calculated based on risk levels;
- amortization period from 2 to 8 years ;
- possibility of a moratorium when the loan is granted and during its term;
- possibility of a moratorium for parental leave;
- application and file management fees apply.