Food Processing

At Laurentian Bank, when it comes to supporting your business, we use our expertise to help drive your growth. Our specialized knowledge of your industry enables us to craft a financial solution tailored to your business reality and work with industry experts to act as a true partner. Our experience with key industry players and involvement with professional associations have given us the resources to help you realize your goals.

We’re proud of our expertise in the food processing industry, where opportunities abound. The approximately 2,100 Quebec businesses in the food processing industry generate annual sales of $23.5 billion, nearly 7% of the province’s GDP. Interestingly, 90% of these 2,100 companies are SMEs with significant growth challenges, the result of operating in an industry with 2% annual growth.

Whatever your situation, we understand that in an industry such as food processing, the acquisition of specialized equipment is a challenge that must be faced to improve the automation of your processes, increase your productivity and stimulate growth. Laurentian Bank offers several complementary services such as equipment financing to address your specific needs.

Benefits of doing business with our team

Account managers who care about the success of your project and are available throughout the entire investment cycle, including the post-implementation follow-up
A team recognized for its banking expertise and capable of advising you on the proper financing structure for your project
Account managers who understand your deadlines and have the tools and resources to act quickly

Financing solutions

Getting financing is no easy task. However, a well thought-out business plan managed by passionate, committed people will always find funding. Under these conditions, anything becomes possible. Add a new product line. Expand your operations. Acquire an existing business. Buy a property or the latest equipment.

To maximize your business and make it easier to manage, we have several financial solutions to offer you. Whether you’re thinking short term or long term, we can tailor a solution to your needs.

Type	Solution	Uses
Short-term financing	Line of credit	Financing of Canadian or foreign accounts receivable Inventory financing Working capital
Long-term financing	Term loan Acquisition of equipment	Replacement or modernization of equipment Productivity improvements resulting from new technology Financing of up to 100% of equipment cost
	Revolving credit on capital assets	Use the equity in your assets at your convenience Increased flexibility for cash flow fluctuations
	Equity loan	Acquisition of competitors Succession financing Equity withdrawal
	Term loan Acquisition of real estate or land	Acquisition of real estate for an expansion or relocation Purchase of land for a new building
	Term loan Leasehold improvements	Modernization of facilities Renovation of existing facilities for an expansion or to meet quality standards (HACCP, GFSI, SQF)

The conditions that apply to each solution will depend on its use. For the main solutions, fees will be determined based on the value of your collateral, the financial health of your business, and its growth potential. Your capital, meanwhile, will be reimbursed based on a term related to the useful life of the assets you acquire.

Working in the food processing industry is an exciting challenge. This is especially true when you can count on a reliable and committed partner to advise and support you. At Laurentian Bank, we’ve understood this for a long time. Give yourself the right tools to exercise your profession on your terms. We’ll be there every step of the way to help you build for the future.

Éric Scalzo
Senior Manager
438-925-3337
eric.scalzo@laurentianbank.ca

Patrick Leblanc
Senior Account Manager
438-404-4888
patrick.leblanc@laurentianbank.ca