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Financing - Express Loan

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The Express loan is created to encourage the development of business in prescott-Russell.

Whether it be for:
  • publicity campains;
  • marketing;
  • promotional tools;
  • improve or refresh your equipments (photocopier, computer, cash registers, etc.);
  • leasehold improvements;
  • increase your inventory and develop your business;
  • help with working capital. 
 

FINANCIAL SUPPORT

​     Term loans available up to $15 000 for businesses who qualify; 

​     Applicable interest rates are the National Bank of Canada rate + 3%; 

​     Flexible terms; 

​     Upon reception of your complet file, a decision will be trasnmitted with 72 hours (working days); 

​     Assistance in preparing your business plan

​     Evaluation ofthe viability of your business venture and assistance in obtaining realistic financing; 

​     Information concerning government and other programs and services available to SMEs. 


ELIGIBILITY CRITERIA

​     The business must have completed a minimum of two financial exercises; 

​     The business must be situated in the United Counties of Prescott and Russel région; 

​     The business must create or maintain employment; 

​     The applicant must have been refused by a financial institution or in partnership with a financial institution; 

​     The Express loan cannot be used to repay debts or obligations owed to the Government of Canada, the Government of Ontario or any other municipal/regional government; 

​     Grants, bursaries or forgivable loans are not available through the Express program. 

 

BEFORE YOU BEGIN

Please downlaod, fill out and submit with your application

Documents to downlaod

     List of documents to submit 
   
     Appendix A - Finance Ratio
   
     Appendix C - Personal finances (each applicant)
   
     Notice of consent to the PRCDC
   
     Disclosure of personal information (each applicant)
   
     Disclosure of information on the company



HOW TO APPLY 
 

To download the printable version of the application.  PLEASE NOTE: ONLY THE ONLINE VERSION WILL BE ACCEPTED

To download the online version of the application 

 

                            

If you have any questions, please contact us:

info@sdcpr-prcdc.ca
1.877-632.0918
613.632.0918