Quebec International — Business services — Get support and advice
Highlights
This program is designed for businesses like yours in the Québec City region. It offers a range of services to help you grow, innovate, and succeed. Whether you are looking to recruit international talent, expand your market reach, or modernize your operations, this program provides the support and resources you need.
Why Apply?
- Access to Financing: Get funding for business expansion, modernization, and digital transformation.
- Expert Advice: Benefit from consulting services to navigate financial, technological, and business challenges.
- Networking Opportunities: Connect with local and international partners, clients, and suppliers through organized events and missions.
What's in it for You?
- Tailored Support: Receive customized assistance to meet your specific business needs.
- Global Reach: Enhance your competitiveness in both local and international markets.
- Ease of Qualification: The program is designed to be accessible, ensuring you can easily qualify and start benefiting from its offerings.
By participating in this program, you will gain the tools, knowledge, and connections to elevate your business to new heights.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- The loan offers a competitive interest rate of 3.5% per annum.
- Repayment term is up to 10 years.
- Flexible repayment options include monthly, quarterly, or annual payments.
Eligible Expenses:
- Purchase of new or used equipment.
- Leasehold improvements.
- Working capital needs.
- Research and development costs.
- Marketing and promotional expenses.
Ineligible Expenses:
- Personal expenses.
- Real estate purchases.
- Debt refinancing.
- Dividends or bonuses to company executives.
Fees:
- Application fee of $150.
- Annual maintenance fee of $100.
- No prepayment penalties.
Qualifications
- Must be located in the Québec City region.
Must be involved in one of the following key sectors:
- Life Sciences and Health Technologies
- Information and Communication Technologies
- Electronics and Optics-Photonics
- Food and Nutrition
- Green and Smart Building
- Insurance and Financial Services
- Artificial Intelligence
- Manufacturing
- Francophonie
Disqualifications:
- None specified in the provided context.
Description
This program offers financial support to help your business thrive. You can receive up to $1,000,000 in funding. This money can be used for various purposes, such as:
- Buying new equipment
- Improving your business premises
- Investing in technology and digital transformation
You can use up to $500,000 for specific purchases like commercial kitchen appliances, manufacturing machinery, or renovating your retail space. For other costs like software or operational expenses, you can get up to $150,000.
The government guarantees 85% of the loan, giving you a safety net. This program is flexible, allowing you to apply recent significant purchases to the loan if they fall within the guidelines.
You have up to 15 years to repay the loan, with options for variable or fixed interest rates, or a combination of both. This flexibility ensures you can manage your finances in a way that best suits your business needs.
Program Steps
Gather Necessary Documentation:
- Business Plan
- Financial Statements (last 2 years)
- Proof of Business Registration
- Identification Documents (e.g., passport, driver's license)
- Detailed Project Proposal (if applicable)
- Any other relevant permits or licenses
Complete the Application Form:
- Fill out all required fields accurately.
- Provide detailed information about your business and the intended use of funds.
Submit the Application:
- Submit the completed application form along with the gathered documentation.
- Ensure all documents are up-to-date and correctly formatted.
Schedule a Consultation:
- Contact the program office to schedule a consultation.
- Prepare any questions or additional information you may need to discuss.
Review and Follow Up:
- Monitor the status of your application.
- Respond promptly to any requests for additional information or clarification.
Attend Required Meetings:
- Participate in any required meetings or interviews.
- Be prepared to discuss your business plan and project proposal in detail.
Receive Approval and Funding:
- Upon approval, review the terms and conditions of the funding.
- Sign any necessary agreements and receive the funds.
Implement the Project:
- Use the funds as outlined in your project proposal.
- Keep detailed records of expenditures and progress.
Report Progress:
- Submit regular progress reports as required by the program.
- Include financial updates and any significant milestones or challenges.
Complete Final Evaluation:
- Once the project is completed, submit a final report.
- Include a detailed account of how the funds were used and the outcomes achieved.