Term Financing Solution

Eligibility Criteria

To be accepted, entrepreneurs need to have a commercially viable projects. The BDC considers each request case by case.

Eligible Area

All Canadian provinces and territories.

Eligible Activities

Activities can be:

• expansion;
• plant overhauls;
• purchase of existing businesses;
• acquisition of fixed assets; and
• in some cases, the reconstitution of working capital depleted by capital expenditures or to finance sales growth.

Summary

Possible Uses

• acquiring fixed assets;
• upgrading or expanding facilities;
• acquiring an existing business;
• replenishing working capital.

Features

• flexible repayment methods (equal, graduated monthly or seasonal payments) to accommodate cash flow fluctuations;
• unlike a demand loan it has a guaranteed term and cannot be recalled without due cause;
• floating or fixed interest rates for up to twenty years;
• annual repayment privileges.

Nunavut Contact(s):
See National Contact.