Investment Banking — Corporate Finance
Highlights
This program is designed specifically for businesses like yours in the cultural sector. It offers preferential financing rates to help you grow and sustain your operations. With support from the SODEC business bank, you can access various financial tools such as term loans, revolving credit, and loan guarantees. These options are tailored to meet your unique needs and ensure long-term success.
Why apply?
- Competitive interest rates: Enjoy a preferential rate of 7.20%.
- Flexible financing options: Choose from term loans, revolving credit, and more.
- Support for expansion: Funds can be used for growth, digital development, and securing your business's future.
By being approved, you gain access to reliable funding that can help you achieve your business goals. The application process is straightforward, and as a qualifying business, you are well-positioned to benefit from this opportunity.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- The loan has a preferential interest rate of 7.20%.
- Repayment terms will be determined by SODEC based on the financial conditions of your business.
Eligible Expenses:
- Funds can be used for various business needs, including:
- Development of business activities
- Expansion projects
- Ensuring business continuity through succession or transfer
- Strengthening and maintaining Quebec ownership
- Financing significant projects
- Supporting digital development
Ineligible Expenses:
- Funds cannot be used for personal expenses or any non-business-related activities.
Fees:
- There are no specific fees mentioned for the application or processing of the loan. However, it is advisable to review the financial policy for any potential administrative costs.
Qualifications
- Must be a legally constituted business, either for-profit or non-profit.
- Must not be an individual business, except in the field of arts and crafts.
- Must have its headquarters in Quebec.
- Must demonstrate that the effective control of the business is majoritarily held by individuals domiciled in Quebec.
- Must have been in operation for at least one year or be working in new and non-competitive niches.
- Must assume a financial risk in the operations for which financing is requested.
Must possess the necessary human and financial resources to meet all financial obligations, including the repayment of the requested loan under SODEC's conditions.
Disqualifications:
- Individual businesses (except in the field of arts and crafts).
- Businesses without headquarters in Quebec.
- Businesses not majoritarily controlled by individuals domiciled in Quebec.
- Businesses not in operation for at least one year unless in new and non-competitive niches.
Description
This program offers your business financial support tailored to your needs. You can access various funding options such as term loans, revolving credit, and loan guarantees. In some cases, project investments and equity capital are also available.
You can use this funding to:
- Expand your business activities
- Support digital development
- Ensure long-term sustainability
- Maintain Quebec ownership
- Finance impactful projects
The financial support comes with preferential interest rates. The terms and conditions are designed to help your business grow and thrive. This program is an excellent opportunity to secure the funding you need to achieve your business goals.
Program Steps
Create Your Profile on SOD@ccès:
- Visit the SOD@ccès portal.
- If you are a new user, create your profile.
- If you already have an account, log in with your existing credentials.
Choose the Appropriate Program:
- Select the program number 60-34-00 that corresponds to your request.
Prepare the Necessary Documentation:
- Declaration of the Enterprise: A formal statement about your business.
- Personal Balance Sheet: Detailed financial information about the business owner.
- Financial Statements: Recent financial records of your business.
- Business Plan: A comprehensive plan outlining your business strategy and objectives.
- Project Details: Specifics about the project you are seeking funding for.
Complete the Application Form:
- Fill out the application form available on the SOD@ccès portal.
- Ensure all sections are completed accurately.
Upload the Required Documents:
- Attach all the prepared documents to your application on the SOD@ccès portal.
Review and Submit Your Application:
- Double-check all the information and documents for accuracy.
- Submit your application through the SOD@ccès portal.
Await Confirmation and Further Instructions:
- After submission, wait for confirmation and any additional instructions from SODEC.
- Be prepared to provide any additional information if requested.