Below are examples of financial products offered by CCIF. Please contact us to discuss your needs, financial situation and the project to be financed. One of our team members will help to determine what products might be best suited for your co-operative.
PRODUCTS
Our products can be tailored to fit the capacity and the needs of co-operatives, with interest rates based on the assessed risk of an investment and economic environment at the time.
Lending Products
- Amounts: $50,000 – $1,250,000
- Interest Rates: 5% – 10% fixed, based on the assessed risk
- Examples: Capital asset acquisition, Purchase of equipment
- Maturities: 1 – 7 years
- Amortizations: up to 25 years
- Principal Payments Grace Period: up to 12 months
- Collateral Required: Negotiable – can include 1st and 2nd liens on capital assets, cash or other forms of collateral such as third-party guarantees
- Examples: Capital asset acquisition, Purchase of equipment
- Maturities: 1 – 7 years
- Amortizations: up to 25 years
- Principal Payments Grace Period: up to 12 months
- Collateral Required: Negotiable – can include 1st and 2nd liens on capital assets, cash
- Examples: Pre-construction loans with takeout from construction loan; Projects where grants (or other funding) has been secured but is not available for 6 months or more and the co-op wants to start the project earlier
- Maturities: 6 – 24 months
- Amortizations: Not applicable
- Principal Payments Grace Period: up to 24 months
- Collateral Required: Negotiable – can include 1st and 2nd liens on capital assets, cash or other forms of collateral such as third-party guarantees
- Examples: For working capital or programming
- Maturities: up to 5 years
- Amortizations: Not applicable
- Collateral Required: Negotiable
Hybrid Products
- Amounts: $50,000 – $1,250,000
- Example: Organizations in growth phase but with uneven cashflows
- Payments based on percentage of revenues or cashflows agreed upon at time of investment
- Repayment: 3 – 7 years with a capped return for CCIF
- Loans to support conversion of small and medium enterprises to co-operative ownership through member purchase of shares, acquisition of equity, etc.
- Please reach out to our team if your business is looking for financing to convert to a co-operative
- Other hybrid structures can be considered based on the needs, financial situation and risk of a proposed investment
- Please reach out to our team to discuss if your specific needs cannot be met by one of the products listed
Equity Products
- Amounts: $50,000 – $1,250,000
- Example: Established co-operative with strong financials and positive net income looking for non-debt capital for growth
- Cumulative dividends of 7% – 15%
- Repurchased by co-operative within 3 – 7 years
- Payment: Redeemed at either a pre-determined formula or market value
- Could be redeemed over time or at the end of agreed upon investment period
- Other equity structures can be considered based on the needs, financial situation and risk of a proposed investment
- Please reach out to our team to discuss if your specific needs cannot be met by one of the products listed
Get in touch to learn more