Business Start-Up

Starting a business can become a complex process. Therefore, you will not hesitate to surround yourself with the best experts in the market such as your accountant, legal advisor, and mortgage broker.

Banks show very little interest in start-ups businesses due to the risks involved. They quickly realized, according to statistics, that nearly 75% of start-ups will not complete their third year of life. In order to convince them, you will need to do your homework and your experts can help you.

Your Business Plan

  • Your experience in the field
  • The location of your business
  • The clientele you are targeting
  • Immediate competition
  • Sold products
  • our specialization and the distinctive services you offer
  • You will be under a recognized or independent banner
  • Your financial capacity to inject into the project and financially support unforeseen events
  • Offered Guarantees

 

Equipment Financing and Leasehold Improvements

The funding percentage could vary by financial institution and range between 85% and 100% of the lesser of cost or market value.

Amortization will be based on the useful life of the investments, not to exceed 10 years.

Regarding the interest rate, you can choose a term varying between 1 and 10 years. The rate for this type of financing is not displayed by most banks. The interest rate will be defined according to the risks incurred by the financial institution according to the information provided. It will be fixed or variable.

The bank will also impose administration fees and possibly annual review fees.

Property Finance

The funding percentage could vary by financial institution and range between 70% and 100% of the lesser of cost or market value. To achieve the highest financing percentage, you will need to occupy at least 50% of the building’s living area.

Amortization can reach a maximum of 25 years.

Regarding the interest rate, you can choose a term varying between 1 and 10 years. The rate for this type of financing is not displayed by most banks. The interest rate will be defined according to the risks incurred by the financial institution according to the information provided. It will be fixed or variable.

The bank will also impose administration fees and possibly annual review fees.

 

Contact-us

Your mortgage broker

Your mortgage broker will be your ally in order to obtain:

  • The highest percentage of financing to reduce your down payment
  • The longest amortization to reduce the impact on your cash-flow
  • The lowest possible application fees
  • Negotiating the best financing conditions on the market