BDC Commercial real estate financing (2022)
Description:
The Commercial Real Estate Loan offers financing that can be used for:
1. increasing capacity (purchasing land and buildings or covering construction costs to build new ones);
2. upgrading facilities (expanding or renovating existing premises);
3. complementing the line of credit (replenishing working capital depleted by real estate costs).
Comments on Funding:
Funding is a loan of up to 100% of project costs and starts at $100,000.
Loan terms:
- up to 25 years loan repayment period;
- up to 36 months principal postponement at the start of the loan;
- no personal assets taken as collateral.
Eligibility:
Applicants must be:
Applications Steps:
Testimonials:
“I was a little nervous at first about investing in commercial real estate. But BDC made it so easy tojump in with both feet and get the financing we needed to make our project work!” – Cecilia Burke, CEO and President
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline