Regions and Rurality Fund - convenience stores
Highlights
We understand that running a business in a small Quebec municipality presents unique challenges. This program is a fantastic opportunity for you to enhance your offerings and ensure your community has access to essential goods. By applying, you can receive grant funding that requires no repayment, giving you the freedom to invest back into your business without the weight of debt.
Consider how this funding can help you establish, maintain, or improve your business. You could open a new section in your store, upgrade existing equipment, or stock items that your customers truly need. These enhancements not only strengthen your business but also contribute significantly to your community's vitality.
Remember, this support is designed specifically for businesses like yours in smaller municipalities. It's a chance to grow your business while making a positive impact in your community. With no minimum revenue requirements and no repayments, this program is straightforward and accessible, allowing you to focus on what matters most—serving your customers.
Financing Details
Type of Financing
This program offers grants to local businesses. Grants are funds you don’t have to pay back, making them a fantastic opportunity for growing your business.
Repayment Terms and Interest Rates
Since this is a grant, there are no repayment terms or interest rates associated with it. That's right—no debt and no monthly payments. Just the funds you need to improve your local offerings.
Eligible Expenses
The funds can be used for a variety of expenses, such as:
- Purchasing inventory
- Renovating facilities
- Marketing your business
- Hiring staff
Ineligible Expenses
However, the funds cannot be used for:
- Personal expenses
- Existing debts
- Acquiring businesses that directly compete with established local offerings
Fees
There are no fees linked to receiving the grant. It's a straightforward opportunity to strengthen your local business without any hidden costs.
Qualifications
Location: Business must operate in a municipality with fewer than 20,000 residents in Quebec.
Sectors: Open to all sectors.
Ownership: Available to all groups.
Number of Employees: No minimum or maximum employee requirement.
Company Revenue: No minimum or maximum revenue qualifications.
Legal Structure: All legal structures are applicable.
Profit Structure: All profit structures are applicable.
Disqualifications:
- Business must not compete with existing local offerings.
Description
This program is designed to support your local business in smaller communities across Quebec. If your business is in a municipality with fewer than 20,000 residents, you can receive funding to help you provide essential goods like food, construction materials, and other necessary items for your customers. The goal is to enhance community vitality and ensure that residents have access to what they need.
You can use the funds for projects that establish, maintain, or improve your business offerings. This could mean opening a new section in your store, upgrading equipment, or stocking items that the community finds essential. It's important to note that the projects must focus on making the commerce in your area stronger while ensuring they do not compete with existing local businesses.
The funding is structured as a grant, which typically means you won’t have to pay it back. This makes it a valuable opportunity to boost your business without the financial burden of loans. Overall, this program aims to ensure that your business contributes to the community’s needs while securing your long-term viability.
Program Steps
Define Your Project: Identify how you plan to establish, maintain, or improve your business offerings. Consider what essential goods your community needs.
Prepare Documentation: Gather the necessary documents for your application. You will need:
- A detailed project proposal outlining your plans.
- A budget estimate for your project.
- Proof of your business registration and its location in a municipality with fewer than 20,000 residents.
- Any relevant financial statements to support your project’s viability.
Complete the Application Form: Fill out the program application form thoroughly, ensuring all sections are completed accurately.
Submit Your Application: Send your completed application along with the required documentation to the designated program office, following any specific submission guidelines provided.
Stay Informed: After submission, monitor your email for any notifications or updates regarding your application status. Be prepared to provide any additional information if requested.