SME start-up and transfer

150 000 $

Maximum contribution

Do you want to prepare for the next generation?

The SADC grants young promoters aged 18 to 39 an adapted loan, if the applicant initially obtains at least 25% of the company's voting shares.

 

Specifications :

  • Minimum contribution of 10,000 $
  • Down payment: 10 %
  • Term: Maximum 7 years
  • Interest rate: Prime rate + 2 % for the first 2 years, and prime rate + 2 % + risk premium for subsequent years.
  • Capital repayment moratorium of up to 6 months
  • Provide a plan to purchase at least 51% of shares (over 5 years)
  • Guarantees: Equipment or fixed assets, personal or third-party guarantee
  • Full amount life insurance
  • Application fee: 150 $
  • Management fee: 1% of the loan, minimum 100$
  • A transfer plan can be requested
  • Annual follow-up fee: 50$

150 000 $

Maximum contribution

SME transfer

Financing offered for the transfer of an existing business to a family member, employee or external buyer. A solution for acquiring the assets or shares of an existing company.

Specifications :

  • Minimum contribution of 10,000 $
  • Down payment: 15 %
  • Term: Short to medium
  • Interest rate: CDIC base rate* + risk premium
  • Possibility of a capital repayment moratorium
  • Guarantees: Equipment or fixed assets, personal or third-party guarantee

*Interest rate set according to the Bank of Canada’s prime rate plus 2%

For more information on our financial products or our free advisory service for entrepreneurs, please contact one of our business advisors. 

Discover the other types of funds offered by SADC Matawinie

Supporting and accompanying entrepreneurs in their start-up and development projects

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We can offer you flexible financing solutions tailored to your reality