Post-COVID working capital loans
What type of product is it?
Visit Post-COVID working capital loan is aimed at growing companies with high growth potential. cash and meeting the loan repayment schedule Canadian Business Emergency Account (CBEEA) (December 2023).
Liquidity is essential for the payment of day-to-day business expenses. As a company grows, so does its need for liquidity, and sometimes even faster. This product is designed for companies in need:
- A maximum of cash to ensure their growth;
- benefit from the CUEC advantage and to spread the repayable portion over a period of 12 to 60 months.
What are the special features of this financial product?
- Loan open (repayment in whole or in part in any time and without penalties)
- Depreciation: from 12 to 60 months
- Interest: Base rate + (3% or 4% depending on risk)
- Warranties : Personal surety shareholders. No tangible guarantee
- File opening fee : 0$
- Annual management fee : 0$
- No life insurance required
- If applicable, no shareholder agreement required
- Requirements: proof of repayment of original CUEC financing
- Certain follow-up requirements
What are the advantages of this type of financial product?
- Allows you to benefit from the subsidy CUEC
- Allows you to dealing with the rules without affecting the company's liquidity.
- Provides a positive working capital which implies that a company has access to greater growth potential. With more liquidity at your disposal, you can, for example, diversify your product range, finance a new product or expand your business. strategy marketinghiring key employees, etc.
Don't delay, apply to the SADC immediately. Your peace of mind and make the most of the advantages that the CUEC program.
In addition to answering your questions, our SADC experts can help you make a real analysis of your situation. What's more, an analysis of your long-term needs and the determination of an appropriate financial strategy for your business could be developed at the same time.
See the list of different needs on the right. This financial product specifically meets the following needs:
Don't hesitate to apply to SADC for financing. We'll help you think through and implement your project. project.
YOU WISH...
- Acquiring, merging or taking over a company
- Improve your working capital / Growth
- Starting a business
- Starting a business
- Developing a residential / commercial project
- Acquiring equipment
- Export your products or services
- Financing your tax credits
- Buying commercial/industrial property
- Turn around the financial situation
- Take equity out of your business
- Robotize / Automate / Improve IT
- Financing a startup
- Improve your company's environmental performance
- Carrying out a group project
- Strategic planning for your company's development
