819.648.2186 | 1-844-648-2186 | info@sadcpontiac.ca

Business Transition Loan

Particularities:

  • Amount: $5,000 up to $50,000
  • Rate of interest: according to the « Risk Analysis Matrix »***, minus 1% (minimum Prime + 2%)
  • Amortization period : up to 10 years and 6 months
  • Payments : no principal payment for the first 6 months
  • Funds : Investment Fund
  • Security : none for the first $25,000 ( if the scoring is 50 or better)
  • Can be combined with a Youth Strategy loan if criteria are met

 

*** 10 factors are considered with the “Risk Analysis Matrix”:

  • Number of years of the business
  • Management
  • Credit bureau
  • Financial flexibility
  • Market
  • Marketing strategy
  • Working capital
  • Capitalization
  • Profitability
  • Repayment capacity

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