The National Bank SME Growth Fund, L.P., Is Up and Running
$200 million to support business owners with their growth and transformation projects
With the participation of more than 245 private investors, National Bank Private Investment has completed the initial capitalization of $200 million for the National Bank SME Growth Fund, L.P. (the “Fund”). This initial capital will allow the Fund to support the economic recovery effort that is underway. Businesses can now apply for financing to support their transfer, growth and acquisition projects.
Announced in July 2020, the Fund was created as part of an equal partnership with the Quebec government and will support Quebec’s economic recovery and the digital transformation of its small and medium-sized enterprises. It complements the bank financing available to businesses.
Submit your applications
National Bank Private Investment is ready to help businesses achieve their goals. To be eligible, businesses must:
- Have assets of less than $200 million or a net worth of less than $100 million
- Request financing between $500,000 and $15 million
- Have a detailed business plan and project plan
- Have growth prospects
- Be a private company with an adequate capital structure
- Have been profitable in 2 of the last 3 years or have had sustained and significant sales growth over this period
For more details on the eligibility criteria and exclusions, please visit https://www.nbc.ca/business/financing/financing-solutions/growth-equity.html#admissibilite.
To submit a project, please email NBCprivateinvestment@nbc.ca.
“Since the beginning of the pandemic, National Bank has been there for businesses. It’s important for us to continue to support them during this time of change. The SME Growth Fund will allow us to offer concrete solutions to help them seize new development opportunities. We’re proud to be able to contribute to the economic recovery and the vitality of the regions,” said Luc Ménard, Executive Vice-President, Managing Director and Head of Private Investments at National Bank.
About National Bank of Canada
With $332 billion in assets as at October 31, 2020, National Bank of Canada, together with its subsidiaries, forms one of Canada’s leading integrated financial groups. It has more than 26,500 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank’s activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
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