Loan for a business in operation
For any businesses already in operation. This loan can be used as a bridge loan, or to grow the business, acquire assets or consolidate the market.
Loan amount ranging from $15,000 to $75,000
Create or consolidate at least two jobs
Guarantees required: personal surety bond, life insurance (other guarantees may be required)
Interest rate based on the average rate applied by other business assistance centres, i.e., around 8.5% (this rate will be adjusted according to the project’s risk)
Amortization of the loan over a period of 24 to 36 months
Process for submitting a financing application
In order to provide a high quality service to entrepreneurs wishing to obtain financing, the CAEHM now offers to complete the online financing application form (step 1). Afterwards, a member of our team will contact you to complete the last 2 steps.
STEP 2
Fill out the grid to determine the eligibility of your financing application. (The grid will be emailed to you after you fill out the application form in Step 1).
STEP 3
Write a business plan (provide information about the members of management and data about the market and production)
General conditions for submitting a financing application
The CAEHM offers financing for entrepreneurs who meet the following general conditions:
– Be 18 or older
– Be a Canadian citizen or a permanent resident
– Carry out the project in the territory served by the CAEHM
– Have a satisfactory credit history (business and/or entrepreneur)
– Have a satisfactory personal assessment (entrepreneur)
