The Financing Fund offers its clientele financing in the form of lines of credit, short‑term notes and long‑term loans.
This financing vehicle is available for all short‑term borrowing needs of the clientele.
Investment projects subsidized by the Québec government are financed by lines of credit with the Financing Fund. The line of credit is used for the duration of the project.
The borrower may borrow or make repayments at any time, subject to the applicable authorizations.
The short‑term note is a fixed‑rate loan with a maturity date determined by the borrower. The maturity date cannot exceed 3 months.
The interest rate is determined at the date of issue of the short‑term note. Interest is payable at maturity.
Long‑term loans are granted mainly to finance investment projects.
Following the new application of the accounting standard respecting transfer payments, the terms and conditions for the payment of grants related to subsidized investment projects have been modified. For the majority of government departments, these grants are now paid in repayment of temporary loans contracted with the Financing Fund, rather than as repayment of debt service on long‑term loans.