{"id":1338,"date":"2020-05-06T15:21:53","date_gmt":"2020-05-06T19:21:53","guid":{"rendered":"https:\/\/suroitsud.sadcoutaouais.ca\/?page_id=1338"},"modified":"2020-05-06T15:27:25","modified_gmt":"2020-05-06T19:27:25","slug":"financing","status":"publish","type":"page","link":"https:\/\/sadc-suroitsud.org\/en\/financing\/","title":{"rendered":"Financing"},"content":{"rendered":"\t<section class=\"section dark\" id=\"section_1723297757\">\n\t\t<div class=\"bg section-bg fill bg-fill  bg-loaded\" >\n\n\t\t\t\n\t\t\t<div class=\"section-bg-overlay absolute fill\"><\/div><button class=\"scroll-for-more z-5 icon absolute bottom h-center\"><i class=\"icon-angle-down\" style=\"font-size:42px;\"><\/i><\/button>\n\t\t\t\n\n\t\t<\/div>\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row align-center\"  id=\"row-786544949\">\n\n\t<div id=\"col-1184689870\" class=\"col medium-8 small-12 large-8\"  >\n\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h1 class=\"uppercase\"><span style=\"font-size: 170%;\">Financing<\/span><\/h1>\n\t\t<\/div>\n\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-209581850\" class=\"col medium-4 small-10 large-4\"  >\n\t\t<div class=\"col-inner text-right\"  >\n\t\t\t\n\t\t\t\n<div class=\"nav-wrapper\"><ul class=\"nav nav-uppercase nav-vertical nav-size-xsmall nav-divided text-left nav-left\"><li class=><a href=\"https:\/\/sadc-suroitsud.org\/en\/financing\/building-acquisition\/\">Building acquisition<\/a><\/li><li class=><a href=\"https:\/\/sadc-suroitsud.org\/en\/financing\/inventory-and-purchase-order-short-term-financing\/\">Inventory and purchase order short term financing<\/a><\/li><li class=><a href=\"https:\/\/sadc-suroitsud.org\/en\/financing\/youth-strategy-fund\/\">Youth Strategy Fund<\/a><\/li><\/ul><\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1723297757 {\n  padding-top: 90px;\n  padding-bottom: 90px;\n  margin-bottom: 50px;\n  min-height: 300px;\n}\n#section_1723297757 .section-bg-overlay {\n  background-color: rgba(0,0,0,.5);\n}\n<\/style>\n\t<\/section>\n\t\n\t<section class=\"section\" id=\"section_176246686\">\n\t\t<div class=\"bg section-bg fill bg-fill  bg-loaded\" >\n\n\t\t\t\n\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n<div class=\"row\"  id=\"row-1665880084\">\n\n\t<div id=\"col-1858033160\" class=\"col medium-4 small-12 large-4\"  >\n\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<h2 class=\"uppercase\">Investment Fund<\/h2>\n\t\t<\/div>\n\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-658777398\" class=\"col medium-8 small-12 large-8\"  >\n\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<p>Financial assistance is available through the Investment Fund for any project that meets the SADC\u2019s sustainability and profitability requirements.<\/p>\n<p>The SADC pays particular attention to projects compatible with economic sectors that are part of the regional development strategy. All serious business projects are eligible except ones in highly competitive sectors. However, the SADC can override this rule in cases of business succession or expansion projects.<\/p>\n<p>The Investment Fund is a tool of choice for community development because its purpose is to encourage job creation and retention in the region.<\/p>\n<h3>Types of assistance<\/h3>\n<p>Term loan, demand note or line of credit (with or without guarantees).<\/p>\n<h3>Amount<\/h3>\n<p>Loans vary from $5,000 to $150,000 per business\u00a0<strong>in addition to other loans and even if refused by a financial institution<\/strong>.\u00a0<\/p>\n<p>The SADC du Suro\u00eet-Sud also partners with the\u00a0<a href=\"http:\/\/www.bdc.ca\" target=\"_blank\" rel=\"noopener noreferrer\">Business Development Bank of Canada<\/a> (BDC) for financing small businesses in the region.\u00a0 Under this partnership, the BDC has accredited the SADC to authorize additional financing in the Bank\u2019s name, up to twice the amount authorized by the SADC alone. The BDC transacts the loan relying entirely on the SADC\u2019s due diligence, which significantly reduces authorization time for loans.<\/p>\n<p>Both organizations also continue to share their expertise to support large-scale projects. This partnership is available to entrepreneurs undergoing expansion, acquisition and succession.<\/p>\n<h3>Target client<\/h3>\n<p>Businesses of all sectors with fewer than 200 employees, incorporated or not, an Non-profit organisation or a type of cooperative.<\/p>\n<h3>Project status<\/h3>\n<p>A start up, acquisition, expansion, modernization or recovery.<\/p>\n<h3>Use of funding<\/h3>\n<p>Funding may be used for capital expenditures (land, buildings, equipment or inventory) or for working capital.<\/p>\n<h3>Eligibility criteria<\/h3>\n<ul>\n<li>Project must operate within the region under SADC\u2019s jurisdiction<\/li>\n<li>Project must demonstrate strong potential, profitable and viable opportunities<\/li>\n<li>Project must create full time, sustainable employment<\/li>\n<\/ul>\n<h3>Terms for financing<\/h3>\n<ul>\n<li>Bank of Canada base interest rate + between 2\u00a0and 5\u00a0%<\/li>\n<li>Amortization may vary between five and ten years, depending on business size<\/li>\n<li>Possibility of early repayment without penalty<\/li>\n<li>Possibility of a 12 month moratorium on capital<\/li>\n<\/ul>\n<h3>Personalized follow up for business development<\/h3>\n<p>Personalized assistance and thorough follow up will be available from the SADC professionals for the duration of your loan.<\/p>\n<h3>Region served<\/h3>\n<p>Beauharnois-Salaberry and Haut-Saint-Laurent MRC.<\/p>\n<h3>Ineligible projects<\/h3>\n<p>Projects in a competitive sector that could negatively affect existing businesses in the region. Projects of a political, sexual or religious nature.<\/p>\n\t\t<\/div>\n\t\t\t<\/div>\n\n\t\n<\/div>\n\t\t<\/div>\n\n\t\t\n<style>\n#section_176246686 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-blank.php","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"_links":{"self":[{"href":"https:\/\/sadc-suroitsud.org\/en\/wp-json\/wp\/v2\/pages\/1338"}],"collection":[{"href":"https:\/\/sadc-suroitsud.org\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sadc-suroitsud.org\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sadc-suroitsud.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sadc-suroitsud.org\/en\/wp-json\/wp\/v2\/comments?post=1338"}],"version-history":[{"count":0,"href":"https:\/\/sadc-suroitsud.org\/en\/wp-json\/wp\/v2\/pages\/1338\/revisions"}],"wp:attachment":[{"href":"https:\/\/sadc-suroitsud.org\/en\/wp-json\/wp\/v2\/media?parent=1338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}