CAE Drummond SME Investment Fund
CAE Drummond provides loans of up to $300,000 for Drummondville-area business startup, equipment, working capital, succession, and acquisition projects.
About this program
CAE Drummond offers financing and accompaniment to SMEs in the MRC de Drummond, including Drummondville. Its investment fund can provide loans up to $300,000 in several forms, including conventional term loans, subordinated debt, equity loans, term promissory notes, and bridge loans. Eligible needs include equipment and fixed assets, working capital, startup, succession, and business acquisition, across sectors such as manufacturing, retail, information technology, new technologies, strategic business services, professional services, tourism, biotechnology, printing, recycling, wholesale, and distribution.
Eligibility
SMEs and entrepreneurs in the CAE Drummond service territory, including Drummondville, may apply for eligible business projects except excluded activities such as refinancing and bar-related projects.
Requirements
- Business or project must be located in CAE Drummond's service territory.
- Project must involve an eligible business purpose such as equipment, fixed assets, working capital, startup, succession, or acquisition.
- Applicant must submit a financing request and business project details to CAE Drummond.