The Guaranteed PYMES Program¹ will serve as a financing bridge for companies with limited access to capital, whether for lack of liquidity or sufficient collateral to back up their loans. The business must have at least one year of operation.

Benefits:¹

• Amount: Minimum of $5,000 up to a maximum of $250,000 (determined on the basis of $5,000 per employee)
• Contribution: No contribution is required
• Competitive interest rate: Maximum of 2% over the prevailing variable prime rate, and if it is at a fixed rate, no higher than 4% over the prevailing prime rate
• Collateral: The borrower’s collateral will be evaluated at the time of the transaction
• Convenient terms: Repayment up to 7 years without penalty for prepayment
• Convenience: You may visit any of our branches

For additional information click here.

¹ Subject to the requirements of the program and to credit approval.