This program is a fantastic opportunity for you to acquire at least 25% of an existing business. With funding available up to $150,000, you can cover essential costs such as purchasing shares, acquiring business assets, and paying for professional services. This investment can ensure business continuity and growth in the Longueuil area, a smart move for any entrepreneur looking to expand their operations.

The repayment options are designed to be flexible and tailored to your financial circumstances. You can choose from term loans, equity loans, or excess cash flow loans, allowing you to select what works best for you. This means whether you're managing existing cash flow or investing future profits, you have choices that suit your needs.

Finally, it’s easy to get on board with this program. There are no minimum revenue requirements and it’s open to all sectors and legal structures. Imagine taking the reins of a business that aligns with your vision, backed by support designed for entrepreneurs like you. This program can make that vision a reality.

Type of Financing
This program offers a Business Acquisition Loan designed for entrepreneurs looking to acquire at least 25% of an existing business. You can secure up to $150,000 with flexible repayment options, which include term loans, equity loans, excess cash flow loans, and debentures.

Repayment Terms and Interest Rates
Repayment terms vary, allowing you to choose the option that best fits your financial situation. The interest rates are competitive, but specific rates depend on individual circumstances and will be discussed during the application process.

Eligible Expenses
Funds can be used for various expenses such as:

• Purchasing shares of the business
• Acquiring business assets
• Covering professional service fees related to the acquisition

Expenditures Not Covered
It's important to note that the funds cannot be used for personal expenses or unrelated business ventures.

Fees
There are no hidden fees associated with this program, ensuring transparency in the funding process.

• Must intend to acquire at least 25% of an existing business.
• Goal of executing the takeover must be within 5 years.
• Location of the business must be within the Longueuil agglomeration.
• Available to all sectors.
• No minimum or maximum employees required.
• No minimum or maximum revenue qualifications.
• All legal structures are applicable.
• All profit structures are applicable.

Disqualifications:

• Any business not aiming to acquire at least 25% of an existing business.
• Businesses outside the Longueuil agglomeration.

This program helps you acquire at least 25% of an existing business. You can receive up to $150,000 to cover a variety of costs such as purchasing shares, buying business assets, and paying professional fees related to the acquisition.

With flexible options for repayment, you can choose from term loans, equity loans, or excess cash flow loans. This means you can find a plan that fits your financial situation. The program is designed to support business continuity and growth right in Longueuil, allowing you to make a significant investment in your future.

You don't need a minimum revenue or a set number of employees to qualify. This program is tailored for all sectors and legal structures, making it accessible for any business looking to expand or make an important transition.