Local investment fund
Highlights
You have a fantastic opportunity to access loans and loan guarantees specifically designed to help you start or expand your business in Quebec. This program supports a wide range of needs, from launching new projects to improving operations and even taking over an existing business by purchasing at least 25% of it. No matter your business size, revenue, or sector, you can access the funds you need.
Applying for this program means you can benefit from financial support without immediate payback pressure. This allows you to focus on growing your business, whether that’s through purchasing new equipment, renovating your space, or enhancing your marketing efforts. With these funds, you’re empowered to take significant steps toward achieving your goals while minimizing financial stress.
The best part? Qualifying for this program is straightforward. There are no rigid revenue limits or complicated requirements, making it accessible for businesses just like yours. You deserve the best chance to thrive, and this program can provide the necessary boost to make your vision a reality.
Financing Details
Type of Financing
This program offers loans and loan guarantees. These can help you start or expand your business, or even purchase at least 25% of an existing one.
Repayment Terms
- Repayment Term: Typically, you will have several years to repay the loan. The exact term can vary, but expect it to be flexible based on your business needs.
- Interest Rates: Interest rates are often lower than traditional loans, helping to keep your payments manageable.
Eligible and Ineligible Expenses
- Eligible Expenses: Funds can be used for startup costs, improvements to your current business, expansions, and entrepreneurial succession.
- Ineligible Expenses: The funds cannot be used for personal expenses, legal fees, or to pay off existing debts.
Fees
There are generally no hidden fees, but it's always wise to review the terms carefully. If you need assistance, we are here to help you navigate the details.
Qualifications
- Location: Business must be located in Quebec.
- Business Purpose: Must intend to start or expand a business, or purchase at least 25% of an existing business.
- Sectors: Open to all sectors.
- Employees:
- No minimum number of employees required.
- No maximum number of employees required.
- Company Revenue:
- No minimum revenue qualifications.
- No maximum revenue qualifications.
- Legal Structure: All legal structures are applicable.
- Profit Structure: All profit structures are applicable.
Disqualifications: None mentioned in the context provided.
Description
You can access loans and loan guarantees to start or expand your business in Quebec. This support can help with various projects, such as launching new ideas, improving current operations, or taking over an existing business by purchasing at least 25% of its shares.
These funds can be used for anything from equipment purchases to renovations or marketing efforts. The program is designed to support entrepreneurs in all sectors, regardless of your company's size or revenue. There are no minimum or maximum revenue limits, making it accessible for businesses at any stage.
One of the best parts? The funds help you grow your business without immediate payback pressure, allowing you the chance to strengthen your operations or transition into new ownership smoothly. With these resources, you have the opportunity to take significant steps forward in reaching your business goals.
Program Steps
Visit the Program Website
Navigate to the official program website to familiarize yourself with the details and requirements.Prepare the Application Form
Fill out the application form accurately. Ensure all sections are completed without omissions.Gather Required Documentation
Collect the following documents to support your application:- Business plan detailing your project.
- Financial statements for the last two years.
- Proof of ownership or intent to purchase at least 25% of an existing business (if applicable).
- Details on how you will use the funds.
- Personal identification documents (e.g., driver’s license or passport).
Submit Your Application
Send your completed application form along with all gathered documents to the designated submission point as indicated on the program website.Follow Up
Reach out after a few weeks to check the status of your application. Keep track of any communication and additional documentation requests.Receive Funding Decision
Wait for the program officials to evaluate your application and notify you of the funding decision.Implement Your Project
Once approved, use the funds as outlined in your application to start or expand your business.