Working Capital COVID-19 Financing

Overview of BDC (Business Development Bank of Canada) Working Capital Offering:

Terms & Conditions

Working Capital loans up to $2MM; with 12 months interest only payments (potential for 6 months no payments)
36-month term to a 60% balloon;
Intertest rate: 2.8%

Documentation Required

Most recent three years of accountant prepared year-end financial statements;
Most recent interim financial statements (if year-ends are more than 3 months old) with comparisons to the previous year’s interim period (if available);
Projections and a cash flow forecast (a 6-month cash flow forecast may be most applicable);The purpose is to understand the company’s true cash needs for the next six months.
An organizational chart to the beneficial ownership level (i.e. shareholder level).

For more information please see the link below to BDC’s website:

Contact MP Group

We can provide assistance with this process and also preparation of the required documents for your business.

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