Amount:
$ 12,500,000.00
Type of Program:
Loan
Description:
The Co-Lending Program provides loans of up to $12.5 million to Canadian businesses that are directly or indirectly impacted by COVID-19 for their operational cash flow requirements.
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:
- 1Funding is intended to cover their cashflow needs, including regularly scheduled principal and interest payments on existing debt.
- 2Principal payments can be postponed for up to 12 months if applicants need additional breathing room.
When It Ends:
Closed
Deadline:
December 31, 2021
Eligibility:
Applicant must:
Applications Steps:
Applicants must contact their primary financial institution to apply.
Other Things to Note:
The Co-Lending Program was available until or before December 31, 2021 (ended).
