Development Capital — Debt financing
Highlights
Finding funding can feel like a maze, but this program is designed with you in mind. You can access up to $100 million in debt financing to acquire a company, either locally in Quebec or internationally. This opportunity is open to businesses across all sectors, allowing you to focus on growth and productivity enhancements that are vital for your success.
One of the standout features is that there’s no designated payback period. This gives you the breathing room to invest in your business without immediate financial pressure. Imagine what you could achieve with this flexibility! By applying, you unlock the potential to expand your operations, improve your bottom line, and ultimately, drive your business forward.
Don't miss out on the chance to tap into funding that aligns with your goals. This program could be the stepping stone your business needs to thrive in the competitive market.
Financing Details
This program offers debt financing up to $100 million. This financing can be used for various purposes, such as acquiring a company in Quebec or abroad, and enhancing growth and productivity.
Repayment Terms and Interest Rates:
- The financing comes with a repayment term that your business can manage.
- Interest rates are competitive, making it easier for you to repay without straining your budget.
Eligible Expenses:
- Funds can be used for activities like:
- Mergers and acquisitions
- Investments in productivity and technology
- Expansion projects
Ineligible Expenses:
- It's important to note that funds cannot be used for personal expenses or unrelated business costs.
Fees:
- There aren't any hidden fees associated with the program, allowing you to plan your finances with confidence.
This financing provides a valuable resource for your business growth while keeping the terms straightforward.
Qualifications
- Location: Business must operate in Quebec or abroad.
- Sectors: Open to all sectors.
- Ownership: All groups are eligible to apply.
- Employees: No minimum or maximum employee requirements.
- Company Revenue: No minimum or maximum revenue requirements.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Description
You can access debt financing of up to $100 million. This funding can be used to acquire a company, either in Quebec or abroad. It's designed to help you focus on growth and improving productivity within your business.
The beauty of this program is that it offers flexibility across sectors. Whether you’re in technology, retail, or any other industry, this opportunity can support your specific needs. There are no minimum or maximum revenue restrictions, allowing businesses of all sizes to benefit.
Best of all, there's no designated payback period set for the funding. This means you have the time and flexibility to pay it back on your terms, allowing you to invest in your growth without immediate financial pressure. This program is truly tailored to help you expand your business and reach new heights.
Program Steps
Gather Necessary Documentation
Prepare the following documents to support your application:- Business Plan: Overview of your business goals and how the funding will help.
- Financial Statements: Recent financial statements (balance sheet, income statement, cash flow statement).
- Tax Returns: Last two years of business tax returns.
- Proof of Company Registration: Documentation confirming your business's legal status.
- Acquisition Proposal: Details about the company you intend to acquire, including its financial health and potential growth.
Complete the Application Form
Fill out the required application form provided on the program's website. Ensure all sections are completed accurately.Submit Your Application
Send your completed application form along with the gathered documentation to the designated submission point on the program's website.Monitor Your Application Status
Keep track of your application status through the program’s communication channels. Stay responsive to any requests for additional information or clarification.Prepare for a Follow-Up
Be ready to discuss your application in detail. This may include explaining your business strategy, potential for growth, and how the funding will be utilized.Receive Funding Decision
Wait for the program's decision on your application. Once approved, review the terms outlined for accessing the funds.Access Your Funds
Follow the instructions provided to access your approved funding. Use the funds as planned to support your business growth and acquisition efforts.
