Financing Programs

Loans ranging from a minimum of $5,000 to a maximum of $250,000*.
Interest rate established according to the Bank of Canada’s prime rate plus a minimum of 4%, depending on the project and the guarantees.
Down payment: minimum 10% of the total cost of the project (including a maximum of 25% in the form of a transfer of assets)
Maximum amortization of 15 years, depending on the project and the guarantee.
Guarantees: personal guarantee and life insurance.
Application fee of 1.5% of the loan amount requested, minimum $400
Annual management fee of $300 or $50 in the case of a second loan.

For loans between $150,000 and $250,000, the following additional criteria apply:

The project must have a real impact on community development.
The project must create or maintain a minimum of 5 jobs.
The business operates in an industry prioritized by the Laurentian or Pays-d’en-Haut RCMs.

Term loan ranging from a minimum of $5,000 to a maximum of $25,000 per promoter for a maximum of 2 per business.
Interest rate based on the Bank of Canada’s prime rate plus 4%.
Down payment: Flexible, depending on the type of project and guarantees.
Interest-free period for the first 24 months.
3-month capital payment holiday for all loans.
Maximum amortization of 7 years depending on project and collateral.
Guarantees: personal guarantee and life insurance.
Application fee of 1.5% of the loan amount requested, minimum $400.
Annual management fee of $100. In the case of a second loan, the annual management fee is $50.
No penalty for early repayment.

You have questions about our financing programs ?