CAE Beauce-Chaudière — Quasi-Equity Loan
QC, Canada
Quasi-equity loans supporting business projects in Beauce-Chaudière
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- CAE Beauce-Chaudière
grant_single|status
grant_card_status|open
grant_single_labels|preview
The CAE Beauce-Chaudière Quasi-Equity Loan offers up to $300,000 to enhance equity for business projects requiring a minimum of $1 million. This program is designed to complement traditional financing and supports eligible businesses in Beauce that meet specific operational and financial criteria.
grant_single_labels|terms_and_conditions
- Loan amounts ranging from $100,000 to $300,000.
- Interest rate is set at the Bank of Canada’s prime rate plus an additional 4% and a risk premium if applicable.
- Loans are structured to double the dollar amount of the owner’s equity investment.
- A personal guarantee is required from the business owner.
- Capital repayment can be deferred for a period of 24 to 60 months.
- Maximum loan amortization period is 8 years.
- Early repayment is allowed without penalty after 3 years, subject to specific conditions.
grant_single_labels|admissibility
- The business must be located in Beauce.
- The business must have been in operation for at least 3 years.
- A minimum EBITDA of $250,000 in the last two years is required.
- The business must generate a minimum of $100,000 in funds.
- The project must have a cost of at least $1 million.
- The business must have 200 employees or fewer.
- The loan cannot be used to refinance debt.
grant_eligibility_criteria|zone
- Businesses located in Beauce.
grant_single_labels|otherInfo
- The loan is structured to complement traditional financial institution offerings, enhancing project viability.
- Capital repayment moratorium provides flexibility, allowing businesses to stabilize financially before starting repayments.
- The loan encourages business owners to leverage their equity by matching personal investment with loan funds.
