BDC Financing — Commercial Real Estate Loan
- Open continuously
Overview
Get a long-term loan with terms of up to 25 years to purchase land or buildings, construct or expand premises, or replenish working capital depleted by real estate costs.
At a glance
Funding available
- Renovate or expand facilities
- Up to 100% of project cost
- Open continuously
Eligible candidates
- Real estate and rental and leasing
- Canada
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Canadians
Next Steps
Activities funded
This loan offers financial support for businesses seeking to expand or improve their commercial real estate. Eligible activities are geared towards acquiring, constructing, or renovating commercial properties to enhance business operations.
- Purchasing commercial land or buildings.
- Funding construction costs for new commercial facilities.
- Expanding existing commercial premises.
- Renovating current business facilities to improve functionality or aesthetics.
- Replenishing working capital impacted by real estate expenditures.
Eligibility
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
Additional information
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.