Anges Québec Capital Fund
Highlights
This program is designed for innovative business owners like you. It offers a unique opportunity to secure funding that can help you grow and scale your business. By applying, you can access significant financial support tailored to your needs.
What You Get
- Up to $1,000,000 in financing
- An additional $150,000 for software or daily operating costs
Benefits
- Flexible use of funds: Cover operating expenses, purchase new equipment, invest in software, and more.
- Government-backed loan: Enjoy the security and reliability of government support.
- Flexible repayment terms: Choose how you pay back the loan, with up to 15 years to do so.
Applying is straightforward, and qualifying is easier than you might think. Approval can provide the financial boost your business needs to thrive.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- Repayment term is up to 10 years.
- Fixed interest rate of 5% per annum.
Eligible Expenses:
- Purchase of equipment.
- Leasehold improvements.
- Intangible assets.
- Working capital.
Use of Funds:
- Funds cannot be used for personal expenses.
- Funds cannot be used to refinance existing debts.
Fees:
- Application fee of $150.
- Annual maintenance fee of 1% of the loan amount.
Qualifications
- Must be an innovative business project.
- Must have a presentation of the startup in a 10 to 15 slides PPT or PDF.
Must provide 5-year financial forecasts.
Disqualifications:
- None specified.
Description
This program offers your business a chance to receive up to $1,000,000 in funding. You can use up to $500,000 of this amount to buy equipment or improve your rented space.
Eligible uses include:
- Purchasing commercial kitchen appliances
- Acquiring manufacturing machinery
- Upgrading 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, giving you a strong safety net.
Flexible repayment options are available. If you have made significant purchases in the last year that fit the program guidelines, you can include them in this loan.
You can choose from different ways to pay back the loan, including variable or fixed interest rates, or combined payments. You have up to 15 years to repay the loan, regardless of what you spend it on.
Program Steps
Gather Required Documentation: Prepare the following documents:
- A presentation of your startup (10 to 15 slides in PPT or PDF format)
- 5-year financial forecasts
Create a Business Profile: Ensure your business profile aligns with the desired profiles outlined by Anges Québec.
Review Application Steps: Familiarize yourself with the steps to follow for submitting your project.
Submit Your Project: Use the provided submission platform to submit your innovative project along with the prepared documentation.
Follow Up: After submission, stay in contact with Anges Québec for any additional information or steps needed to proceed with your application.