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Group Entrepreneurship Capital Program

Up to $500,000
Type
Application Difficulty
EASY
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

Your business has a unique opportunity to receive up to $500,000 in funding specifically designed for real estate projects. This is an excellent way to fund renovations, acquisitions, or new constructions that will enhance your operations. By securing this support, you're positioning your enterprise for growth and better service to your community. This funding covers up to 50% of your eligible project expenses, allowing you to combine it with other funding sources easily.

Participating in this program means you can invest in essential infrastructure without worrying about immediate repayment. This approach gives you breathing room to focus on what truly matters—growing your business and serving your clients effectively. The funding is tailored for social economy enterprises like yours, which recognizes the crucial role you play in your community.

In a bustling economic landscape, financing options can be hard to decipher, but this program is straightforward. No maximum employee or revenue requirements mean that your business truly qualifies, simplifying the process. Take this chance to elevate your enterprise, making your vision a reality with the right space and resources at your fingertips.

Financing Details

This program offers grant financing. It provides financial assistance that doesn't need to be repaid, making it a great option for your business. The program covers up to 50% of your project's eligible expenses, with a maximum limit of $500,000 per project.

Eligible expenses for this program include costs related to renovation, construction, and acquisition of buildings. These funds must be used specifically for real estate projects that support social economy enterprises and align with business development goals. However, the funds cannot be used for unrelated operational expenses or any personal costs outside the scope of the project.

There are no fees associated with this financing, which makes it straightforward and accessible. This means you can focus on your project without worrying about unexpected costs down the line.

Qualifications

  • Location: Must be based in Québec.
  • Sector: Must be a social economy enterprise.
  • Legal Structure: All legal structures are applicable.
  • Profit Structure: All profit structures are applicable.
  • Employees: No minimum or maximum number of employees required.
  • Company Revenue: No minimum or maximum revenue qualifications.

Disqualifications: None specified in the context.

Description

This program is designed to provide support for social economy enterprises in Québec. You can receive up to $500,000 to fund your real estate projects. This funding can be used for renovations, construction, and even property acquisition. It aims to help you enhance your business development and improve the services you offer to your community.

The financial assistance covers up to 50% of your eligible project expenses. This means you can leverage additional funding sources to complement the support you receive, making it easier to achieve your goals. There's no specific payback period involved for this funding, so you can focus on growing your business without immediate financial stress.

By participating in this program, you have a chance to advance your projects significantly while strengthening your impact on the community. Your business can thrive with the right space and tools at your disposal, so take advantage of this program to make your vision a reality.

Program Steps

  1. Gather Information About Your Project
    Clearly define your real estate project and its objectives. This will help you articulate your vision when applying.

  2. Prepare Required Documentation
    Collect the necessary documents for your application, including:

    • A detailed project proposal outlining your goals and objectives
    • A budget breakdown, including estimated costs for renovations, construction, or property acquisition
    • Proof of business registration and legal structure
    • Financial statements for the past two years (if applicable)
    • Any relevant permits or approvals for your project
  3. Complete the Application Form
    Fill out the application form provided on the program's website. Make sure all sections are completed thoroughly.

  4. Review Your Application
    Double-check your application for completeness and accuracy. Ensure all required documents are attached.

  5. Submit Your Application
    Submit your application through the program's designated portal or as instructed. Make sure to keep a copy for your records.

  6. Follow Up
    After submission, consider following up to confirm receipt of your application and inquire about the review timeline.

Visit Program Website