Flexible Loan Terms and Conditions
- Loan ranging from a minimum amount of $15,000 to a maximum of $250,000*.
- Competitive interest rate.
- Down payment: minimum 10% of the total project cost.
- Average amortization of 5 years, can vary from 2 to 15 years depending on the project and collateral.
- Basic guarantees: personal surety and life insurance.
- Application fee of 1.5% of the requested loan amount (minimum of $400).
- Annual management fee of $300.
For loans between $150,000 and $250,000, the following additional criteria apply:
- The project has a real impact on community development.
- Creation or maintenance of a minimum of 5 jobs.
- The company operates in an industry prioritized by the MRC of Laurentides or Pays-d’en-Haut.
Youth Strategy Loan Terms and Conditions
Favourable terms for those 39 years and under
- Term loan ranging from a minimum of $5,000 to a maximum of $25,000 per business;
- Interest-free for the first 24 months;
- Interest rate set according to the Bank of Canada’s prime rate plus 2%;
- 3-month principal repayment holiday for all loans;
- No penalty for early repayments;
- Support to strengthen entrepreneurial management skills and establish a solid foundation for the business;
- Down payment: Flexible, depending on the type of project and collateral;
- Average amortization of 5 years;
- Guarantees: personal surety and life insurance;
- Application fee of 1.5% of the requested loan amount (minimum $400);
- Annual management fee of $250.
Terms and Conditions for Digital, Green and Transfer Loans*
Attractive Conditions to support your Projects
- Term loan ranging from a minimum of $10,000 to a maximum of $50,000 per business.
- Interest-free period for the first 24 months.
- Capital repayment holiday of 3 months for all loans.
- Support to strengthen the entrepreneur’s management skills and establish a solid foundation for the business.
- Equity requirement: Flexible, based on the type of project and collateral.
- Maximum amortization of 7 years.
- Guarantees: Personal guarantee and life insurance.
- Application review fee of 1.5% of the requested loan amount (minimum $400).
- Annual management fee of $300.
- *The Transfer Loan will be combined with the Flexible Loan to reach the total requested amount (50% / 50%).
Boost Loan Terms and Conditions
Simplified and fast application
- Loan ranging from a minimum of $5,000 to $15,000;
- The business must have been in existence for at least one year;
- Interest rate set according to the SADC base rate, plus a risk premium of 4%. However, it must minimally respect the Bank of Canada’s prime rate plus at least 2%;
- The promoter’s credit score must be above 700 (FICO);
- Annual and most recent interim financial statements must demonstrate a stable financial situation;
- Financing can reach up to 100% depending on the project;
- Generated funds must be positive;
- Maximum amortization of 5 years;
- Early repayment penalty: None;
- Guarantees: personal surety and life insurance;
- Application fee of $400;
- Annual management fee of $300.