Comments on Funding:
Funding is between $1 million and $12.5 million for their operational cash flow requirements, co-financed by BDC and the applicant’s primary financial institution.
Loan terms and conditions:
- Funding is intended to cover their cashflow needs, including regularly scheduled principal and interest payments on existing debt.
- Principal payments can be postponed for up to 12 months if applicants need additional breathing room.
Other Things to Note:
The Co-Lending Program was available until or before December 31, 2021 (ended).