Les immeubles Clément
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.
Charles Pépin-Clément
President
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