10
Sep-2019

Looking for more financial support for your small business?

 

Looking for more financial support for your small business?

Meridian is here to help you access the capital you need, and take your small business to the next level.

As a proud partner and sponsor of LiONS LAIR, Meridian understands the needs of small businesses and recognizes that companies may require additional financing to kick-start their growth. For example, Meridian can help businesses navigate programs like the Canadian Small Business Financing Loan. This program is a government-guaranteed loan and allows qualified businesses to borrow up to $1 million – of that amount, up to $350,000 can be used for things like equipment purchases and upgrades, or property purchases and improvements.

Wondering who can apply? If you’re starting a small business or currently own a business with gross revenue less than $10 million, this program could be right for you. And don’t worry – Meridian is always there to help you navigate the application process and secure the financing you need, quickly and easily.

Fast Facts:

  • Loan Guaranteed: 85% of the loan is guaranteed by the Federal government, making it easier to get approved
  • Previous Purchase Eligible: If you’ve made purchases within the last six months to improve or expand your operations, you can retroactively use the loan to cover these expenses
  • Higher Financing Leverage: This program allows for a much higher financing leverage compared to a traditional loan – meaning you can secure more of the funds you need
  • Flexible Repayment: The Canadian Small Business Financing Loan offers a variety of repayment terms to fit your needs, including floating rate and amortization up to 15 years

 

Learn more about how Meridian’s services can support your small business by contacting a Business Advisor or visiting meridiancu.ca.

Share this post: