This program is designed for businesses like yours, offering flexible financing solutions to help you grow and succeed. You can access loans at competitive rates, loan guarantees, and even quasi-equity financing. This means you can secure the funds you need without straining your liquid assets.

What You Get:

• Up to 100% of project costs covered
• Short- or long-term financing options (up to 25 years for capital assets)
• Possible deferral of principal repayment (up to 24 months)

Benefits:

• Keep your liquid assets free for ongoing operations
• Flexible terms tailored to your needs
• Security may be required, but the terms are designed to be accommodating

By applying for this program, you can finance projects like acquiring new equipment, expanding your facilities, or entering new markets. This support can help you achieve your business goals while maintaining financial stability.

Type of Financing: Loan

Repayment Terms and Interest Rates:

• The loan can cover up to 100% of project costs.
• Short-term and long-term financing options are available, with terms up to 25 years for capital assets.
• Possible deferral of principal repayment for up to 24 months.
• Competitive interest rates apply, which may vary based on the specific terms of the loan.

Eligible Expenses:

• Acquisition, expansion, construction, or modernization of a building.
• Purchase of machinery or equipment.
• Working capital.
• Financing of worker-owned cooperatives to purchase employer shares.
• Refinancing.
• Entry into a new market.
• Acquisition of intangible assets such as trademarks and patents.

Ineligible Expenses:

• The funds cannot be used for non-commercial activities or expenses unrelated to the specified project.

Fees:

• There may be fees associated with the loan, such as document preparation fees or application fees. Specific fees will be detailed during the application process.

This financing option provides flexibility and support for your business's growth and development needs.

This program offers your business a chance to get the financial support it needs. You can receive up to 100% of your project costs covered, which means you can focus on growing without worrying about draining your liquid assets.

You can use the funds for:

• Buying, expanding, or modernizing a building
• Purchasing machinery or equipment
• Working capital
• Refinancing
• Entering new markets
• Acquiring intangible assets like trademarks or patents

The program offers short- or long-term financing options, with terms up to 25 years for capital assets. You may also defer principal repayments for up to 24 months, giving you the freedom to use your liquidity as needed while your project is underway. This flexibility ensures you can match the financial assistance to the life of your assets, making it easier to manage your finances.