{"id":1809,"date":"2023-01-11T19:05:19","date_gmt":"2023-01-11T19:05:19","guid":{"rendered":"https:\/\/www.sadc.org\/?page_id=1809"},"modified":"2026-09-17T15:15:31","modified_gmt":"2026-09-17T15:15:31","slug":"subordinated-debt-cash-surplus-loan","status":"publish","type":"page","link":"https:\/\/sadc.org\/en\/subordinated-debt-cash-surplus-loan\/","title":{"rendered":"Subordinated debt \/ excess liquidity loan"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"1809\" class=\"elementor elementor-1809\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-df68b2c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"df68b2c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wide\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-324a0a9\" data-id=\"324a0a9\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-758d0ac elementor-widget elementor-widget-breadcrumbs\" data-id=\"758d0ac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/sadc.org\/en\/\">Home<\/a><\/span><\/span><\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c79019 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"0c79019\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Subordinated debt \/ excess liquidity loan<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a6599c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"4a6599c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a86af8 elementor-widget elementor-widget-heading\" data-id=\"3a86af8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What type of product is it? <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ece2bc elementor-widget elementor-widget-text-editor\" data-id=\"9ece2bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Subordinated debt is an asset-backed loan halfway between a working capital loan and share capital, where the lender's only expectation of repayment is the company's ability to generate enough profits to repay the loan, and only after higher-priority debts have been settled.  This financing product is aimed at companies with growth or buyout projects, for which few guarantees are available.<\/p><p><br \/><br \/><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eb30915 elementor-widget elementor-widget-heading\" data-id=\"eb30915\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What are the special features of this financial product?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e552b5 elementor-widget elementor-widget-text-editor\" data-id=\"1e552b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\">The lender bases its analysis and risk primarily on historical repayment capacity combined with potential future funds generated.<\/li><li aria-level=\"1\">Repayment is flexible and adapts to the company's ability to pay<\/li><li aria-level=\"1\">If the borrower is unable to repay, the financing can be converted into shares after a certain period of default.<\/li><li aria-level=\"1\">All debts must be settled by selling the company's assets.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3105bb4 elementor-widget elementor-widget-heading\" data-id=\"3105bb4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What are the advantages of this financial product?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a1ad67 elementor-widget elementor-widget-text-editor\" data-id=\"8a1ad67\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-level=\"1\">Repayment conditions are linked to the company's performance.  For example, when producing year-end financial statements, if there are still funds available after other debts have been settled, some or all of the additional funds (above a certain threshold) may be demanded as repayment of the debt.<\/li><li aria-level=\"1\">The borrower has no obligation to repay subordinated debt financing if the company fails to cover its debts.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ce5963 elementor-widget elementor-widget-text-editor\" data-id=\"9ce5963\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>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.<\/p>\n<p>See the list of different needs on the right.  This financial product specifically meets the following needs:<\/p>\n<ul>\n<li><a class=\"waffle-rich-text-link\" href=\"https:\/\/sadc.org\/en\/acquisition-merger-or-spin-off\/\" data-sheets-formula-bar-text-link=\"https:\/\/docs.google.com\/document\/u\/0\/d\/1KjgBCeDIDhIY9z_ZD4gL6UpFq65cWMd0Z2N8jH-WJxc\/edit\" data-sheets-formula-bar-text-style=\"font-size:19px;color:#1155cc;font-weight:normal;text-decoration:underline;font-family:'Arial';font-style:normal;text-decoration-skip-ink:none;\">Acquire, merge or take over a company<\/a><\/li>\n<li><a class=\"waffle-rich-text-link\" href=\"https:\/\/sadc.org\/en\/quite-withdrawal\/\" data-sheets-formula-bar-text-link=\"https:\/\/docs.google.com\/document\/u\/0\/d\/1ANe7MRQUGCPm3OvdfN1AtG3eZ9-mGmtQU6AEvklIA94\/edit\" data-sheets-formula-bar-text-style=\"font-size:19px;color:#1155cc;font-weight:normal;text-decoration:underline;font-family:'Arial';font-style:normal;text-decoration-skip-ink:none;\">Take equity out of your business<\/a><\/li>\n<li><a class=\"waffle-rich-text-link\" href=\"https:\/\/sadc.org\/en\/financing-a-startup\/\" data-sheets-formula-bar-text-link=\"https:\/\/docs.google.com\/document\/u\/0\/d\/17jrx44qww4NKwF1aK6LKqZFIOwJh-rtYOs675-nZL5E\/edit\" data-sheets-formula-bar-text-style=\"font-size:19px;color:#1155cc;font-weight:normal;text-decoration:underline;font-family:'Arial';font-style:normal;text-decoration-skip-ink:none;\">Financing a startup<\/a><\/li>\n<\/ul><div><br><\/div>\n<p>Don't hesitate to apply to SADC for financing.  We'll help you think through your project and bring it to fruition.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74240a2 elementor-widget__width-initial elementor-absolute elementor-view-default elementor-position-block-start elementor-mobile-position-block-start elementor-widget elementor-widget-icon-box\" data-id=\"74240a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/demande-a-la-sadc\/\" class=\"elementor-icon\" tabindex=\"-1\" aria-label=\"Online financing application\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"far fa-handshake\"><\/i>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/demande-a-la-sadc\/\" >\n\t\t\t\t\t\t\tOnline financing application\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c55c208\" data-id=\"c55c208\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c0ef67f elementor-share-buttons--view-icon elementor-share-buttons--skin-gradient elementor-share-buttons--shape-square elementor-grid-0 elementor-share-buttons--color-official elementor-widget elementor-widget-global elementor-global-2935 elementor-widget-share-buttons\" data-id=\"c0ef67f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-grid\" role=\"list\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_facebook\" role=\"button\" tabindex=\"0\" aria-label=\"Share on facebook\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-facebook\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_linkedin\" role=\"button\" tabindex=\"0\" aria-label=\"Share on linkedin\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fab fa-linkedin\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_print\" role=\"button\" tabindex=\"0\" aria-label=\"Share on print\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fas fa-print\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_email\" role=\"button\" tabindex=\"0\" aria-label=\"Share on email\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<i class=\"fas fa-envelope\" aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-636dc5a elementor-widget elementor-widget-text-editor\" data-id=\"636dc5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>YOU WISH...<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3238574 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3238574\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccf3698 elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"ccf3698\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/acquisition-merger-or-spin-off\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Acquiring, merging or taking over a company<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/working-capital-growth\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Improve your working capital \/ Growth<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/starting-a-business\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Starting a business<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/acquiring-equipment\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Acquiring equipment<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/export-my-products-or-services\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Export your products or services<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/buying-a-commercial-industrial-property\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Buying commercial\/industrial property<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/quite-withdrawal\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Take equity out of your business<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/robotization-automation-computing\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Robotize \/ Automate \/ Improve IT<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/financing-a-startup\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Financing a startup<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/improving-environmental-performance\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Improve your company's environmental performance<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/collective-projects\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Carrying out a group project<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/sadc.org\/en\/strategic-planning\/\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-arrow-circle-right\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Strategic planning for your company's development<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Quel est ce type de produit ? La dette subordonn\u00e9e est un pr\u00eat garanti par des actifs \u00e0 mi-chemin entre le pr\u00eat fonds de roulement et le capital-actions et o\u00f9 la seule esp\u00e9rance de remboursement pour le pr\u00eateur est la capacit\u00e9 de l\u2019entreprise \u00e0 g\u00e9n\u00e9rer assez de profits pour rembourser le pr\u00eat et ce, seulement [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4178,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_theme","meta":{"footnotes":""},"class_list":["post-1809","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dette subordonn\u00e9e \/ pr\u00eat sur exc\u00e9dent de liquidit\u00e9 - SADC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sadc.org\/en\/subordinated-debt-cash-surplus-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dette subordonn\u00e9e \/ pr\u00eat sur exc\u00e9dent de liquidit\u00e9 - SADC\" \/>\n<meta property=\"og:description\" content=\"Quel est ce type de produit ? La dette subordonn\u00e9e est un pr\u00eat garanti par des actifs \u00e0 mi-chemin entre le pr\u00eat fonds de roulement et le capital-actions et o\u00f9 la seule esp\u00e9rance de remboursement pour le pr\u00eateur est la capacit\u00e9 de l\u2019entreprise \u00e0 g\u00e9n\u00e9rer assez de profits pour rembourser le pr\u00eat et ce, seulement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sadc.org\/en\/subordinated-debt-cash-surplus-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"SADC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/fr-ca.facebook.com\/SADCAchiganmontcalm\/\" \/>\n<meta property=\"article:modified_time\" content=\"2026-09-17T15:15:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sadc.org\/wp-content\/uploads\/2023\/01\/pexels-photo-838413.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"876\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sadc.org\\\/dette-subordonnee-pret-sur-excedent-de-liquidite\\\/\",\"url\":\"https:\\\/\\\/sadc.org\\\/dette-subordonnee-pret-sur-excedent-de-liquidite\\\/\",\"name\":\"Dette subordonn\u00e9e \\\/ pr\u00eat sur exc\u00e9dent de liquidit\u00e9 - SADC\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sadc.org\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/sadc.org\\\/dette-subordonnee-pret-sur-excedent-de-liquidite\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/sadc.org\\\/dette-subordonnee-pret-sur-excedent-de-liquidite\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/sadc.org\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/pexels-photo-838413.webp\",\"datePublished\":\"2023-01-11T19:05:19+00:00\",\"dateModified\":\"2026-09-17T15:15:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/sadc.org\\\/dette-subordonnee-pret-sur-excedent-de-liquidite\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/sadc.org\\\/dette-subordonnee-pret-sur-excedent-de-liquidite\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/sadc.org\\\/dette-subordonnee-pret-sur-excedent-de-liquidite\\\/#primaryimage\",\"url\":\"https:\\\/\\\/sadc.org\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/pexels-photo-838413.webp\",\"contentUrl\":\"https:\\\/\\\/sadc.org\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/pexels-photo-838413.webp\",\"width\":876,\"height\":750},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/sadc.org\\\/dette-subordonnee-pret-sur-excedent-de-liquidite\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/sadc.org\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dette subordonn\u00e9e \\\/ pr\u00eat sur exc\u00e9dent de liquidit\u00e9\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/sadc.org\\\/#website\",\"url\":\"https:\\\/\\\/sadc.org\\\/\",\"name\":\"SADC\",\"description\":\"Soci\u00e9t\u00e9 d&#039;aide au d\u00e9veloppement de la collectivit\u00e9 ACHIGAN-MONTCALM\",\"publisher\":{\"@id\":\"https:\\\/\\\/sadc.org\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/sadc.org\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/sadc.org\\\/#organization\",\"name\":\"Soci\u00e9t\u00e9 d'aide au d\u00e9veloppement de la collectivit\u00e9 Achigan-Montcalm\",\"url\":\"https:\\\/\\\/sadc.org\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/sadc.org\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/sadc.org\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/8575c1_d0c0b27ad28e40caa7d7d790ca115db9.webp\",\"contentUrl\":\"https:\\\/\\\/sadc.org\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/8575c1_d0c0b27ad28e40caa7d7d790ca115db9.webp\",\"width\":276,\"height\":273,\"caption\":\"Soci\u00e9t\u00e9 d'aide au d\u00e9veloppement de la collectivit\u00e9 Achigan-Montcalm\"},\"image\":{\"@id\":\"https:\\\/\\\/sadc.org\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/fr-ca.facebook.com\\\/SADCAchiganmontcalm\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/sadc-achigan-montcalm\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Subordinated debt \/ excess liquidity loan - SADC","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sadc.org\/en\/subordinated-debt-cash-surplus-loan\/","og_locale":"en_US","og_type":"article","og_title":"Dette subordonn\u00e9e \/ pr\u00eat sur exc\u00e9dent de liquidit\u00e9 - SADC","og_description":"Quel est ce type de produit ? La dette subordonn\u00e9e est un pr\u00eat garanti par des actifs \u00e0 mi-chemin entre le pr\u00eat fonds de roulement et le capital-actions et o\u00f9 la seule esp\u00e9rance de remboursement pour le pr\u00eateur est la capacit\u00e9 de l\u2019entreprise \u00e0 g\u00e9n\u00e9rer assez de profits pour rembourser le pr\u00eat et ce, seulement [&hellip;]","og_url":"https:\/\/sadc.org\/en\/subordinated-debt-cash-surplus-loan\/","og_site_name":"SADC","article_publisher":"https:\/\/fr-ca.facebook.com\/SADCAchiganmontcalm\/","article_modified_time":"2026-09-17T15:15:31+00:00","og_image":[{"width":876,"height":750,"url":"https:\/\/sadc.org\/wp-content\/uploads\/2023\/01\/pexels-photo-838413.webp","type":"image\/webp"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sadc.org\/dette-subordonnee-pret-sur-excedent-de-liquidite\/","url":"https:\/\/sadc.org\/dette-subordonnee-pret-sur-excedent-de-liquidite\/","name":"Subordinated debt \/ excess liquidity loan - SADC","isPartOf":{"@id":"https:\/\/sadc.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sadc.org\/dette-subordonnee-pret-sur-excedent-de-liquidite\/#primaryimage"},"image":{"@id":"https:\/\/sadc.org\/dette-subordonnee-pret-sur-excedent-de-liquidite\/#primaryimage"},"thumbnailUrl":"https:\/\/sadc.org\/wp-content\/uploads\/2023\/01\/pexels-photo-838413.webp","datePublished":"2023-01-11T19:05:19+00:00","dateModified":"2026-09-17T15:15:31+00:00","breadcrumb":{"@id":"https:\/\/sadc.org\/dette-subordonnee-pret-sur-excedent-de-liquidite\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sadc.org\/dette-subordonnee-pret-sur-excedent-de-liquidite\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/sadc.org\/dette-subordonnee-pret-sur-excedent-de-liquidite\/#primaryimage","url":"https:\/\/sadc.org\/wp-content\/uploads\/2023\/01\/pexels-photo-838413.webp","contentUrl":"https:\/\/sadc.org\/wp-content\/uploads\/2023\/01\/pexels-photo-838413.webp","width":876,"height":750},{"@type":"BreadcrumbList","@id":"https:\/\/sadc.org\/dette-subordonnee-pret-sur-excedent-de-liquidite\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/sadc.org\/"},{"@type":"ListItem","position":2,"name":"Dette subordonn\u00e9e \/ pr\u00eat sur exc\u00e9dent de liquidit\u00e9"}]},{"@type":"WebSite","@id":"https:\/\/sadc.org\/#website","url":"https:\/\/sadc.org\/","name":"SADC","description":"ACHIGAN-MONTCALM Community Futures Development Corporation","publisher":{"@id":"https:\/\/sadc.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sadc.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/sadc.org\/#organization","name":"Achigan-Montcalm Community Futures Development Corporation","url":"https:\/\/sadc.org\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/sadc.org\/#\/schema\/logo\/image\/","url":"https:\/\/sadc.org\/wp-content\/uploads\/2022\/12\/8575c1_d0c0b27ad28e40caa7d7d790ca115db9.webp","contentUrl":"https:\/\/sadc.org\/wp-content\/uploads\/2022\/12\/8575c1_d0c0b27ad28e40caa7d7d790ca115db9.webp","width":276,"height":273,"caption":"Soci\u00e9t\u00e9 d'aide au d\u00e9veloppement de la collectivit\u00e9 Achigan-Montcalm"},"image":{"@id":"https:\/\/sadc.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/fr-ca.facebook.com\/SADCAchiganmontcalm\/","https:\/\/www.linkedin.com\/company\/sadc-achigan-montcalm\/"]}]}},"_links":{"self":[{"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/pages\/1809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/comments?post=1809"}],"version-history":[{"count":88,"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/pages\/1809\/revisions"}],"predecessor-version":[{"id":10270,"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/pages\/1809\/revisions\/10270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/media\/4178"}],"wp:attachment":[{"href":"https:\/\/sadc.org\/en\/wp-json\/wp\/v2\/media?parent=1809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}