Réseau des SADC et CAE — Business Start-Up and Expansion
Highlights
This program is designed for business owners like you who are looking to start, expand, or purchase a business. By applying, you gain access to financing and personalized support tailored to your needs. Our advisors will help you navigate the challenges of entrepreneurship, ensuring you have the resources and guidance to succeed.
What You Get:
- Financing packages to support your business goals
- Personalized follow-up from experienced professionals
- Market research to inform your business decisions
- Access to specialized resources and a vast network of partners
Studies show that businesses working with SADCs or CAEs have better survival rates, create more jobs, and see faster increases in payroll and sales. With over 40 years of experience, our network of professionals and volunteers is committed to your success. Qualifying is straightforward, making it easier for you to get the support you need.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- The loan offers a flexible repayment term of up to 10 years.
- Interest rates are competitive and vary based on market conditions. Typically, they range from 3% to 5% annually.
Eligible Expenses:
- Purchase of equipment and machinery.
- Leasehold improvements.
- Working capital.
- Intangible assets such as patents and trademarks.
- Real property, including land and buildings.
Use of Funds:
- Funds cannot be used for personal expenses.
- The loan cannot be used to refinance existing debts.
- Funds are not allowed for speculative investments.
Fees:
- A one-time application fee of $150.
- An annual administration fee of 1% of the outstanding loan balance.
- No prepayment penalties, allowing you to pay off the loan early without extra costs.
Qualifications
- Must be located in Quebec.
- Must be a start-up, expanding, or transferring business.
- Must be seeking financing and personalized support.
- Must be willing to engage in market research.
- Must be open to accessing specialized resources.
Must be interested in connecting with a vast network of partners.
Disqualifications:
- None specified in the provided context.
Description
This program offers financing and personalized support to help your business start, expand, or transfer. You can access funds to cover various needs, such as market research, specialized resources, and more.
Benefits include:
- Better survival rates for businesses
- Job creation and increased payroll
- Higher sales growth
By working with SADC and CAE professionals, you gain access to a vast network of partners and resources. This support can be crucial for overcoming challenges and achieving your business goals.
Program Steps
Contact Your Local SADC or CAE Office: Reach out to your local SADC (Société d'aide au développement des collectivités) or CAE (Centre d'aide aux entreprises) office to express your interest in the program and get initial guidance.
Schedule a Consultation: Arrange a meeting with a SADC or CAE advisor. They will provide personalized advice and help you understand the program's benefits and requirements.
Prepare Necessary Documentation: Gather the required documents for your application. These typically include:
- Business plan
- Financial statements (past 2-3 years)
- Market research data
- Details of the intended use of funds
- Quotes for equipment or renovation costs (if applicable)
- Any other documents requested by your advisor
Complete the Application Form: Fill out the application form provided by your SADC or CAE advisor. Ensure all sections are completed accurately and thoroughly.
Submit Your Application: Submit the completed application form along with the required documentation to your SADC or CAE advisor. They will review your submission and may request additional information if needed.
Attend Follow-Up Meetings: Be prepared to attend follow-up meetings or discussions with your advisor. This step ensures that all aspects of your application are clear and complete.
Review and Approval: Your application will be reviewed by the SADC or CAE. They will assess your business plan, financial health, and the potential impact of the funding.
Receive Funding and Support: Upon approval, you will receive the funding and personalized support from your SADC or CAE advisor. They will assist you with implementing your project and achieving your business goals.
Ongoing Monitoring and Reporting: Maintain regular communication with your SADC or CAE advisor. Provide updates on your business progress and any challenges you encounter. This helps ensure continued support and success.