Les immeubles Clément

Get the right financing for your family business transfer

BDC understood what it means to run a family business! The financing deal was not only simple and clear, they offered terms and conditions that we couldn’t get elsewhere.

Now operating 30 boutiques and online store

About the company

Retail leader in clothing, accessories and furniture for babies and children

Location: Quebec City, Quebec

Industry: Retail

Entrepreneur challenge

The company needed to ensure the continuity of the transfer of the family business to the 4th generation by financing real estate and driving growth. The firm also wanted to work with a bank that had extensive experience with family businesses.

BDC expertise

BDC’s corporate financing team experts worked closely with the company to tailor commercial real estate financing to meet the firm’s needs. This included financing to cover part of the project costs, a longer amortization period and a fixed interest rate for 20 years.

Results

Ensured smooth intergenerational business transfer
Protected cash flow with 100% financing
Enjoyed the stability of a fixed interest rate
Increased sales and profitability with new real estate
Well-positioned to expand in new markets