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BDC brings new financing model to businesses in rural Quebec

By CO Staff @canadaone |

QC - A new partnership between the Business Development Bank of Canada and the Community Futures Development Corporation (CFDC), Société d'aide au développement de la collectivité (SADC) Maria-Chapdelaine, will enable rural entrepreneurs in the territory of the Maria-Chapdelaine (MRC) to secure loans up to $50,000 directly through the CFDC.

BDC has accredited SADC Maria-Chapdelaine to perform complete due diligence on loan applications to a maximum of $50,000 and it can also authorize loans of up to $200,000 to eligible businesses.

For larger projects, the two organizations will work together on the approval.

BDC believes this partnership is an innovative way to support entrepreneurs outside of urban centres.

"Our aim is to reach as many entrepreneurs as possible so that they can take advantage of our financing and consulting services," says Sébastien Gagnon, Manager of the BDC Saguenay/Lac St-Jean Business Centre. "When we combine our efforts with those of SADC Maria-Chapdelaine, entrepreneurs will have better access to a variety of financing sources and more efficient processing of loan applications."

In addition to this joint loan initiative, BDC offers SADC Maria-Chapdelaine its expertise in training and consulting services.

For more information contact the Société d'aide au développement de la collectivité (SADC) Maria-Chapdelaine

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