Loan conditions

About our loans, disbursement and reimbursement

 

Direct loan

  • Loans range between $500 to $ 20 000 that can be used as start-up capital, expansions or consolidation of a business or organization (NPO, COOP)
  • Solidarity contributions: 10% per year
  • Reimbursement period: 3 years (36 months)
  • No penalty applied for early repayment
  • Regular follow-ups by ACEM
  • Free technical support and personalized accompaniment provided by our staff, and network of volunteers and professionals

 

Bridge Loan

  • Loans up to $50,000 for businesses in the field of culture, social economy enterprises, and NPOs
  • Solidarity contribution: 10% per year in proportion (pro rata) to the number of days of the loan
  • Administrative fees: 1% of the approved loan amount
  • Reimbursement period: 3 months
  • Guarantee required
  • No penalty applied for early repayment
  • Regular follow-ups by ACEM
  • Free technical support and personalized accompaniment provided by our staff, and network of volunteers and professionals

 

Loan Disbursement

The loan is granted to the named business or organization. As part of the solidarity-based finance of Desjardins Microcredit to Businesses, it is possible to open a commercial account with preferential conditions from participating Caisses.

 

Loan Reimbursement

Loan repayments are made once a month through preauthorized debit from your commercial bank account. The repayments begin 30 days after the loan disbursement.


Ready to make a loan request? Visit the “Submit a loan request” section for more details.