CAE Beauce-Chaudière — Traditional Business Loan
QC, Canada
Loan for business startup and expansion 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 — Traditional Business Loan provides up to $300,000 to support business acquisition, startup, growth, modernization, or consolidation projects. Eligible activities must occur within Beauce for businesses with 200 or fewer employees.
grant_single_labels|terms_and_conditions
- Loan amount ranging from $25,000 to $300,000.
- Interest rate set at the Bank of Canada’s prime rate plus 2%, with an additional risk premium if applicable.
- Loan can be secured with or without collateral.
- Option for a capital moratorium to defer payments.
- Requires a personal guarantee from the business owner.
grant_single_labels|projects
- Acquisition of a business.
- Business succession planning.
- Startup of a new business.
- Expansion or growth of an existing business.
- Modernization of business operations.
- Consolidation of business activities.
grant_single_labels|admissibility
- Business must be located in Beauce.
- Business must have 200 employees or fewer.
- The loan cannot be used to refinance debt.
grant_eligibility_criteria|who_can_apply
- Companies involved in business acquisition
- Businesses preparing for succession
- Startups
- Companies seeking growth
- Businesses undergoing modernization
- Companies looking for consolidation
grant_eligibility_criteria|zone
- Businesses must be located in Beauce.
grant_single_labels|register
- Step 1: Contact the Funding BodyReach out to CAE Beauce-Chaudière for guidance on the application process.
- Ensure you obtain all necessary information and application requirements.
- Step 2: Prepare Business PlanDevelop a comprehensive business plan detailing your project, including acquisition, succession, business startup, growth, modernization, or consolidation plans.
- Include financial statements and projections showing how the loan will be utilized.
- Step 3: Gather Required DocumentsPrepare supporting documents such as proof of business location in Beauce and employment details.
- Compile personal financial information for the guarantor, if required.
- Step 4: Submit Application FormFill out the official application form provided by CAE Beauce-Chaudière.
- Attach all necessary documents as indicated in the application guide.
- Submit the completed application package to CAE Beauce-Chaudière by the specified submission method.
- Step 5: Follow UpContact CAE Beauce-Chaudière to confirm receipt of your application.
- Inquire about the timeline for processing and any further steps.
