BDC Financing — Commercial Real Estate Loan

Eligibility for this loan program is based on specified criteria related to the business's profile and financing requirements.

• The business must have been generating revenues for 12-24 months.
• The applicant's project must not be related to the construction or operation of private schools, retirement homes, or residential development projects.
• The loan is available up to 100% financing for the project costs.
• The loan term can be up to 25 years, with the possibility of postponing principal payments for up to 36 months.
• The applicant can demonstrate the need for a commercial real estate loan or financing to increase capacity, upgrade facilities, or complement their line of credit.

Who is eligible?

There are several eligible types of companies for this grant:

• Small businesses
• Commercial real estate companies
• Tech companies
• Start-ups
• Companies looking to purchase or transfer businesses

Who is not eligible

This loan application has specific exclusions based on certain activities or industries. The restrictions ensure alignment with the strategic focus and responsible investment approach of the financial institution.

• Construction or operation of private schools.
• Businesses involved in retirement homes.
• Residential development projects.

Eligible expenses

This grant provides opportunities for businesses to grow through acquiring or upgrading commercial real estate, enhancing capacity, and supplementing financial resources. Projects eligible for this grant are centered around strategic expansions and operational upgrades.

• Purchasing land and commercial buildings or covering construction costs for new infrastructure.
• Upgrading and renovating existing facilities to increase business capacity.
• Expanding current premises to support business growth.
• Replenishing working capital exhausted by real estate-related expenses.
• Covering additional costs such as those associated with relocating facilities.

Eligible geographic areas

This BDC commercial real estate loan is specifically designed for businesses based in Canada, aligning with the financial support objectives of the BDC for Canadian entrepreneurs. This ensures that Canadian companies have the resources needed to expand and invest in commercial real estate.

• Based in Canada

There are evaluation and selection criteria for this grant.

• Alignment of the project with the grant's objectives
• Demonstrated capacity to meet the project milestones
• Potential economic impact of the project
• Feasibility and sustainability of the project

Here are additional relevant details for this grant:

• The loan package includes up to 36 months of principal payments postponement at the start of the loan.
• Flexible loan terms allow matching payments to the business's cash flow cycle.
• Extra financing is available to cover additional expenses such as moving costs.
• Loan terms and conditions remain stable and only change with due cause.
• The experience shared by previous clients highlights the supportive nature of the BDC's relationship.