Financement BDC — Prêt immobilier commercial ### 📋 Eligible Entities - Small and medium-sized enterprises (SMEs) operating in Canada - Private corporations and partnerships - Sole proprietors with established business operations - Businesses demonstrating viable operations and repayment capacity - Enterprises with a demonstrated need for commercial real estate financing - Businesses must be Canadian-controlled (in most cases) ### 💰 Funding Details - Loan Amount: Varies based on project scope and collateral; typical range $50,000 to multi-million dollars - Loan Term: Maximum 25 years - Interest Rate: Variable based on credit profile and market conditions (contact BDC for current rates) - Repayment Structure: Monthly or quarterly installments over the amortization period - Collateral Required: First mortgage on the real property being financed - Down Payment: Typically 20–35% of project cost required from applicant - Repayability: Full repayment obligation; this is a loan, not a grant ### 🛠️ Approved Expenses - Land acquisition - Building purchase - Commercial property construction - Facility expansion or renovation - Conversion of existing structures for commercial use - Working capital restoration depleted by real estate-related costs - Associated costs: legal fees, appraisals, permits, and professional services related to the real estate transaction ### ⚠️ Conditions & Milestones - Business must have viable operations and positive cash flow projections - Detailed business plan and financial statements required - Property appraisal and environmental assessment may be required - Personal guarantees from business owners typically required - Loan approval contingent on satisfactory due diligence review - Funds disbursed upon completion of legal documentation and security registration - Ongoing compliance: maintain adequate insurance, property maintenance, and financial reporting - Prepayment options may be available (confirm terms with BDC) - Interest rates may be subject to periodic adjustment if variable rate selected