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FAQ
- Which activity sectors are served by the S.I.J.?
All industries are eligible except those relating to land speculation, securities and real estate brokerage, and professions such as law, accounting, dentistry, medicine and notarial work, and retail, hotels and restaurants, and import/export.
- What does the S.I.J.'s guarantee apply to?
Personal loans.
- When can I expect an answer to my request?
The time we take to analyze your project depends on the quality of the documents you submit. When the business plan is complete and the Request for Financial Assistance form duly completed, the average delay for a financing decision is 6 to 8 weeks.
- Which activity sectors are served by the S.I.J.?
All industries are eligible except those relating to land speculation, securities and real estate brokerage, and professions such as law, accounting, dentistry, medicine and notarial work, and retail, hotels and r Financial Assistance form duly completed, the average delay for a financing decision is 6 to 8 weeks.
- Are there fees?
YES:
1) Two percent (2%) of the amount of the guarantee upon signature of the contract;
2) File management fees require an annual charge of 2% of the value of the guarantee;
3) Other fees may be applicable depending on the project evaluation, such as:
- Royalties of up to 3% of sales;
- Share purchase option for up to 10% of the company's stock.
- I'm 35: Am I eligible for your personal loan guarantee?
YES, as long as you make your request for financial assistance and submit the required documents before you turn 36.
- Is the S.I.J. subsidized by the government?
No. The S.I.J. has been private since 2001
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