This program is designed specifically for cultural enterprises like yours. It offers a range of financial products tailored to meet your unique needs. Whether you are in performing arts, publishing, audiovisual, or digital media, this program can provide the support you need to grow and innovate.

Why Apply?

• Flexible Financing Options: Choose from quasi-equity financial products, unsecured loans, or short-term financing.
• Generous Terms: Loans can extend up to eight years with interest rates based on risk and repayment schedules adapted to your cash flow.
• Significant Investment: Access up to $3 million in funding, with a minimum investment of $250,000 for for-profit companies and $150,000 for social-economy companies.

What's in it for You?

• Tailored Support: Benefit from a customized mix of financial products and terms.
• Growth and Innovation: Use the funds for marketing, new business models, technological innovation, or mergers and acquisitions.
• Expert Partnership: Gain access to FICC's expertise and business network to support your development.

Qualifying for this program is straightforward, and the initial steps involve a preliminary meeting and submission of your business plan. This is a unique opportunity to secure financing that is more flexible and supportive than traditional options.

Type of Financing:

• Corporate Loan: Unsecured loan with an interest rate based on risk. Includes a participation premium linked to company growth.
• Equity: FICC may hold shares, including preferred shares, with shareholder agreements to protect its investment.
• Short-term Financing: Secured financing up to 70% of tax credits and receivables.
• Bank Guarantee: Financing through a bank guarantee, with fees and potential conversion to a corporate loan.
• Project Financing: Investment in specific projects, with a pledge of securities and a participation premium.

Repayment Terms and Interest Rates:

• Corporate Loan: Maximum term of 8 years. Interest payable monthly from the first month after disbursement. Principal repayment is flexible, with an initial moratorium based on needs.
• Short-term Financing: Maximum term of 24 months.
• Project Financing: Maximum term of 8 years.

Eligible Expenses:

• Corporate Loan and Equity: General business growth, marketing, new business models, technological innovation, mergers and acquisitions, and succession planning.
• Short-term Financing: Tax credits and receivables from broadcasters and institutions.
• Project Financing: Specific project costs, with no recourse to the parent company.

Use of Funds:

• Funds cannot be used for purposes outside the agreed-upon business growth, marketing, innovation, and specific project costs.

Fees:

• Commitment Fees: 2.5% of the total investment amount.
• Bank Guarantee Fees: Minimum of 2% each for commitment and guarantee fees.

This program offers your business a chance to receive up to $3 million in funding. You can use this money for various needs, such as creating, producing, and sharing cultural content. It also supports technical or technological services for content businesses.

Here’s how the funding can help you:

• Corporate Loans: These are unsecured loans with interest rates based on risk. You can repay the principal based on your cash flow, with a moratorium at the start. The maximum term is eight years.
• Equity Investments: FICC can hold shares in your company, including preferred shares. Shareholder agreements will protect FICC’s investment and ensure buyback of shares.
• Short-term Financing: Secure up to 70% of tax credits and receivables. The maximum term is 24 months, with a minimum financing of $50,000.
• Bank Guarantees: Financing based on expected project revenues. Fees are set at a minimum of 2% each. Any payments to FICC can be converted to a corporate loan at maturity.
• Project Financing: Investment in specific projects without recourse to the parent company. The maximum term is eight years, with a participation premium paid as royalties on income or profits.

Why this is beneficial for you:

• Flexible Terms: The financial products and terms are customized to meet your needs.
• Significant Funding: You can receive up to $3 million, including $1.5 million in the first round.
• Support for Growth: This program helps you expand your market, develop new business models, and innovate technologically.

This program is designed to help your business thrive and grow in the cultural sector.