CEIM — Coaching and Consulting Services
Highlights
This program is designed specifically for innovative tech businesses like yours. It offers personalized services to help you at every stage of your business development. Whether you need market validation, strategic planning, or commercialization support, this program has you covered.
Why should you apply?
- Tailored Financing: Access to funds that suit your specific needs.
- Expert Guidance: Benefit from a multi-disciplinary team with hands-on business expertise.
- Growth Support: Services include lead generation, SEO & SEM campaigns, and international business development.
What's in it for you?
- Comprehensive Services: From accounting and incorporation to intellectual property and R&D tax credits.
- Network Access: Leverage an extensive network of contacts to propel your business forward.
- Ease of Qualification: The program is designed to be accessible, ensuring you can easily qualify and start benefiting right away.
By being approved, you will gain the resources and support needed to accelerate your growth, create jobs, and increase wealth. This program is a unique opportunity to ensure your business thrives in the long term.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- Repayment Term: Up to 10 years.
- Interest Rate: Fixed rate of 3.5% per annum.
Eligible Expenses:
- Purchase of new equipment.
- Leasehold improvements.
- Working capital.
- Research and development costs.
- Marketing and advertising expenses.
Ineligible Expenses:
- Real estate purchases.
- Personal expenses.
- Repayment of existing debts.
- Any non-business-related expenses.
Fees:
- Application Fee: $150.
- Processing Fee: 1% of the loan amount, deducted from the loan disbursement.
- Late Payment Fee: $25 per late payment.
Qualifications
- Must be an early-stage or growth-stage tech company.
- Must present innovative projects with strong commercial potential.
Business must be located in Montréal, Québec.
Disqualifications:
- Businesses outside the fields of innovation and technology.
Description
This program offers your business a chance to borrow up to $1,000,000. You can use up to $500,000 of this amount to buy equipment or improve your rented space.
Eligible purchases include:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other costs like software or operational expenses, you can receive up to $150,000.
The federal government guarantees 85% of the loan, providing a strong safety net for you.
Flexible repayment options are available. 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 up to 15 years to pay back the loan, regardless of what you spend it on. This gives you ample time to manage your finances and grow your business.
Program Steps
Gather Required Documentation: Prepare the necessary documents for your application. These include:
- Business plan
- Financial statements
- Strategic and financial planning documents
- Market validation reports
- Commercialization strategies
- Partnership agreements
- Financing strategies
- Human resource management plans
- Bookkeeping records
- Management control systems
Complete the Application Form: Fill out the application form provided by the program. Ensure all sections are completed accurately.
Submit Supporting Documents: Attach all the prepared documentation to your application form. Make sure each document is clearly labeled and organized.
Contact the Program Office: Reach out to the program office if you have any questions or need assistance with your application. They can provide guidance and ensure you meet all requirements.
Submit the Application: Send your completed application form and supporting documents to the program office. Follow any specific submission instructions provided.
Follow Up: After submission, follow up with the program office to confirm receipt of your application and inquire about the review timeline.
Prepare for Review: Be ready to provide additional information or clarification if requested during the review process. This may include further details on your business plan or financial projections.
Await Decision: Wait for the program office to review your application and notify you of their decision. This process may take some time, so be patient.
Review Terms and Conditions: If approved, carefully review the terms and conditions of the program. Ensure you understand all obligations and benefits.
Sign Agreement: Sign the agreement to officially participate in the program. Keep a copy for your records.
Implement Program Benefits: Begin utilizing the resources and support provided by the program to help grow and sustain your business.