BDC Commercial real estate loan
No fixed amount
Loan
Description:
BDC provides commercial real estate financing that can be utilized to increase capacity, purchase land and buildings, or cover construction costs for new projects. It also serves to upgrade facilities by supporting the expansion or renovation of existing premises. Additionally, this financing option can complement one’s line of credit by replenishing working capital depleted by real estate costs.
Comments on Funding:
This loan can help you:
Buy commercial land or buildings
Cover construction costs
Expand or renovate your existing premises
Replenish working capital depleted by real estate costs
And more**
**This loan doesn’t cover the construction or operation of private schools, retirement homes or projects zoned for residential use.
Continuous Intake
Eligibility:
Applicants must:
1. Be based in Canada
2. Be in operation for 24+ months
3. Be generating revenue
4. Have good track record
Application Steps:
Applicants must:
1. Submit a loan request online. Tell about your project and provide information about your business.
2. Talk to a representative. BDC will call you to discuss your project in depth, including the documents needed for our analysis.
3. Get a tailored solution After evaluating your application, BDC will send you a loan offer based on your financial needs and capabilities.
Documentation Needed:
Applicants must submit:
1. Company financial statements
2. Purchase offer
3. Phase I environmental report
4. Assessment report (asset and/or structure value)
5. List of leases, if applicable
Other Things to Note:
About the author
Maurice