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  2. Jan 25, 2010 · Dealfind Refunds - how do I actually get one? *EDIT - dealfind responded today via e-mail and to their credit they responded within 24 hours. I still think they should provide clear instructions on how to refund, since purchasing (of course) goes incredbly smoothly. Apparently you e-mail [email protected]

    • Due Diligence
    • Borrower, Small Business, Independent Small Business and Related Borrower
    • Maximum Loan Amount [Act SS.4
    • Loan Classes
    • Eligibility of A Term Loan
    • Repayment Terms, Rate of Interest, Other Fees and Charges
    • Security
    • Checklist

    Lenders are expected to apply the same due diligence requirements as would be applied in respect of a conventional term loan or line of credit for the same amount. In addition, the lender must also perform the tasks outlined in paragraph 8 (a) and (b) of the CSBF Regulations which extend the meaning of due diligence to matters that lenders may or m...

    2.1 Borrower

    A borrower is a person that carries on or is about to carry on a small business and to whom a CSBF loan has been made. A person can be a physical person (an individual who operates a sole proprietorship or a partnership) or a legal person (corporation).

    2.2 Eligible small business [Act s.2]

    A borrower must carry on a small business that meets the conditions set out below: 1. business is carried on in Canada, with a place of business in Canada, and assets held in Canada for the purpose of operating the business; 2. the business must offer its services or products to the public (includes retail and wholesale); 3. for an existing business: during the fiscal year in which the CSBF loan is approved, its estimated gross annual revenues will not exceed $10 million; 4. for a new busines...

    2.3 Ineligible small business

    1. businesses engaged in farming as defined in the Standard Industrial Classification (SIC), 1980 of Statistics Canada, Major Group 01 Agricultural Industries. Since "farming" businesses are ineligible, any assets that are used by businesses operating in any of these industries are not eligible for financing under the CSBFA. Financing for farm related industries is available under the Canadian Agricultural Loans Actprogram; 2. For loans made prior to June 30, 2021, any business not operating...

    3.1 Term loans

    A borrower (and related borrowers) can borrow, using CSBF term loans, up to the following maximum amounts: 1. $1,000,000 of which a maximum of $500,000 is for a purpose other than the purchase and improvement of real property of which the borrower is or will become the owner 2. Within the maximum limit of $500,000 mentioned above for leasehold improvements and equipment, a maximum of $150,000 can be used to finance intangible assets and working capital costs. The maximum amount that a borrowe...

    3.2 Line of credit

    On July 4, 2022, the Program introduced a line of credit option for the financing of working capital costs. The maximum loan amount of a CSBF line of credit is $150,000 over and above the maximum loan amount of $1,000,000 applicable to CSBF term loans. If two or more borrowers amalgamate and at the time of an amalgamation the aggregate balance outstanding of all CSBFA lines of credit previously made to any of the small businesses that amalgamate exceeds $150,000, the authorized amount of the...

    4.1 Term Loans

    A CSBF term loan may be used to finance: 1. real property; 2. leasehold improvements; 3. equipment; 4. intangible assets (new requirement – intangible assets) 5. working capital costs (new requirement – working capital costs) and 6. 2% registration fees. The assets financed must be used for the operation of the small business. Throughout these Guidelines, the term "real property" used in the context of the Common Law also means "immovables", the term used in the context of the Civil Code of Q...

    4.2 Line of credit

    Since July 4, 2022, a CSBF line of credit may be made to finance working capital costs necessary to cover day-to day operating expenses of a business. As explained in section 4.1.4above, working capital costs can also be financed with a CSBF term loan. The initial registration fee for a CSBF line of credit is based on the authorized amount of the line of credit and can be covered using the line of credit. Working capital costs include but are not limited to: 1. Inventory 2. Expenses related t...

    5.1 Eligible expenditures

    1. Percentage of financing:The percentage of financing can be negotiated with the borrower and determined by the lender based on its internal lending policies and the risk associated with the borrower. 2. Discounts, refunds etc.:Costs related to the asset(s) financed by the CSBF term loan must be reduced by the amount of grants, discounts, refunds and reimbursements or any type of applicable credits directly related to the asset(s). 3. Trade-in equipment: Lenders may use the gross cost of the...

    5.2 Ineligible expenditures

    1. Borrower's labor [Regs s.5(5)]:For leasehold improvement loans and equipment, the cost attributed to the borrower's labor (including employees and shareholders and directors of a corporate borrower) is not an eligible expenditure. However, the cost of subcontractors hired by the borrower is eligible. 2. Pre-existing term loan [Regs s.6(1)]:Expenditures or commitments currently or previously financed by the lender on a conventional term loan or line of credit are ineligible. The Directorate...

    5.3 Proof of purchase and proof of payment

    For CSBF term loans, eligible expenditures must be supported by proof of purchase (invoices, purchase agreements, etc.) in the name of the borrower. The invoices and purchase agreements must provide details of the items being purchased (e.g., make, model, serial numbers etc.) or the work being done. In the event a claim for loss is submitted, proof of purchase and proof of paymentdocumentation must be included as follows: 1. Cancelled cheque:A cleared cheque drawn on the borrower's account or...

    For a CSBF term loan, on or before the day of the first disbursement of the CSBF term loan funds, the borrower and the lender must sign a document setting out the principal amount of the loan, the rate of interest. The document should also determine the repayment terms, the frequency of the payments of principal and interest and the day on which th...

    The types of security for CSBF loans are as follows: 1. primary security; 2. additional security; and 3. guarantees(personal and corporate) Lenders must ensure that the security is made valid and enforceable as of the date of the first disbursement on the CSBF loan and at all times during the duration of the loan including at the time of realizatio...

    Lenders may find the following checklist useful in assessing a CSBF term loan or line of credit eligibility: 1. Borrower is eligible (see Item 2); 2. Business is eligible (see Item 2); 3. Gross annual revenue of business is not or will not be greater than $10 million; (see Item 2). 4. Aggregate of the outstanding term loan balances to the borrower ...

  3. Dealfind's refund policy is only 30 days. On the other hand I have had excellent experiences with groupon. I've never been let down and groupon has refunded me twice when things didn't work out.

  4. Sep 22, 2014 · TeamBuy and DealFind, meanwhile, are answering customer complaints with a form e-mail informing querents that the businesses are in the process of restructuring, and cannot honour “TeamBucks” coupons or issue refunds for any purchases made on or before Aug. 29.

  5. Apr 12, 2013 · Marketplace received dozens of complaints from exasperated Dealfind customers citing subpar customer service, defective products, oversold services, missing deliveries and an inflexible refund...

  6. Here’s a small sampling of what one business requires to process a refund: Proof of a worksheet completion rate of at least 50%. Screenshots of at least six different activities. Proof of active participation, initiative, and responsiveness in the private Facebook community.

  7. ised-isde.canada.ca › refund-and-exchangeRefund and exchange - ic

    In Canada, businesses are not obligated to accept the return of purchased items unless they are defective. However, many businesses offer refunds or exchanges for various other reasons to help foster good customer relations. On this page. Refund or exchange policy. Sales receipt for refunds and exchanges. Refund or exchange complaint.

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