ACCLR Info entrepreneurs — Consulting services - Quebec
Highlights
This program is designed for businesses like yours, offering a unique opportunity to secure financing that can significantly boost your operations. You can receive up to $1,000,000 in funding, with an additional $150,000 available for software or daily operating costs. This financial support can be used for a variety of purposes, including operating expenses, restorations, new equipment, and software.
What sets this program apart is its government backing, which provides you with more flexible repayment options compared to traditional loans. You can choose how to repay the loan, with terms extending up to 15 years. This flexibility allows you to manage your cash flow more effectively and invest in growth without immediate financial pressure.
Applying for this program is straightforward, and qualifying is easier than many other financing options. Being approved will provide you with the capital needed to expand, innovate, and strengthen your business, ensuring long-term success and stability.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- No repayment is required.
- No interest rates apply.
Eligible Expenses:
- Equipment purchases
- Leasehold improvements
- Intangible assets
- Working capital
- Training and development programs
- Marketing and promotional activities
Ineligible Expenses:
- Personal expenses
- Real estate purchases
- Debt refinancing
- Any expenses not directly related to business operations
Fees:
- No application fees
- No document preparation fees
- No administrative fees
This grant provides a valuable opportunity for your business to invest in essential areas without the burden of repayment or interest.
Qualifications
- Must be located in the Montréal metropolitan area.
- Business must be in the startup phase or in a growth phase.
Must be involved in sectors such as business services, international trade, or talent development.
Disqualifications:
- Businesses in sectors where programs are suspended (e.g., Job retention, Mentoring Inc., Sector Gateway).
Description
This program offers your business a great opportunity to grow. You can receive up to $1,000,000 in funding. This money can be used for various purposes, such as buying equipment or improving your rented space.
Here are some examples of what you can purchase:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other costs like software or operational expenses, you can get up to $150,000.
The federal government guarantees 85% of the loan, providing a significant safety net for your business.
The loan program is flexible. If you've made significant purchases in the last 365 days that fit the program guidelines, you can include them in this loan.
You have multiple options to repay the loan. You can choose a variable interest rate, a fixed one, or even combine your loan amount and interest into blended payments.
You have up to 15 years to pay back the loan, regardless of what you spend it on.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. You will need:
- Business plan
- Financial statements (past two years)
- Tax returns (past two years)
- Proof of business registration
- Identification documents (e.g., passport, driver's license)
- Any additional documents specific to your business type
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately and thoroughly.
Submit the Application: Submit your completed application form along with the required documentation. This can usually be done online through the program's website or by mail.
Attend an Interview (if required): Some programs may require an interview or meeting to discuss your application in more detail. Be prepared to explain your business plan and how the program will benefit your business.
Review and Sign Agreement: If your application is approved, review the terms and conditions of the program. Sign the agreement to confirm your participation.
Receive Funds or Support: Once the agreement is signed, you will receive the funds or support as outlined in the program. Use these resources to grow and improve your business.
Report Progress: Follow any reporting requirements set by the program. This may include providing updates on how the funds or support are being used and the impact on your business.
Maintain Records: Keep detailed records of all transactions and activities related to the program. This will be important for compliance and future audits.