SEAO electronic tendering system
Highlights
This program is a fantastic opportunity for your business. It offers up to $1,000,000 in financing, with an additional $150,000 available for software or daily operating costs. This funding can be used for a variety of purposes, including operating expenses, restorations, new equipment, software, and more.
Key Benefits:
- Government-backed loan: This provides more security and flexibility compared to other loans.
- Flexible repayment options: You can choose how to pay it back, with up to 15 years to do so.
Applying for this program can significantly boost your business's growth and stability. The application process is straightforward, making it easier for you to qualify and benefit from this valuable support.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Purchase of new equipment and machinery.
- Upgrades to existing infrastructure.
- Research and development costs.
- Marketing and promotional activities.
- Employee training and development programs.
Use of Funds:
- Funds cannot be used for debt repayment.
- Funds cannot be used for routine operational expenses.
- Funds cannot be used for real estate purchases.
Repayment Terms and Interest Rates:
- No repayment required as this is a grant.
- No interest rates applicable.
Fees:
- No application fees associated with this grant.
- No processing fees required.
Qualifications
- Must be located in Québec.
Must be a business in one of the following categories:
- Aérospatiale
- Alimentation
- Ameublement
- Communication, détection et fibres optiques
- Équipement de lutte contre l'incendie, de sécurité et de protection
- Fourniture et équipement médicaux et produits pharmaceutiques
- Instruments scientifiques
- Machinerie et outils
- Matériaux de construction
- Matériel et logiciel informatique
- Produits divers
- Produits électriques et électroniques
- Véhicules spéciaux
- Entretien, réparation, modification, réfection et installation de biens et d'équipement
- Études spéciales et analyses (pas R et D)
- Location à bail / Location d'équipement
- Location à bail ou location d'installations immobilières
- Recherche et développement (R et D)
- Services d'architecture et d'ingénierie
- Services de santé et services sociaux
- Services de soutien professionnel et administratif et services de soutien à la gestion
- Services de transport, de voyage et de déménagement
- Services environnementaux
- Services financiers et autres services connexes
- Services publics
- Traitement de l'information et services de télécommunications connexes
- Travaux de construction (Bâtiments, Ouvrages de génie civil, Autres travaux de construction)
- Vente de biens immeubles
Disqualifications:
- Businesses located outside of Québec.
Description
This program offers your business up to $1,000,000. You can use up to $500,000 of this amount to buy equipment or improve your rented space.
Eligible expenses include:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other costs like software or operational expenses, you can receive up to $150,000.
The federal government guarantees 85% of the loan, providing a significant security net for your business.
Flexible repayment options are available. You can choose a variable interest rate, a fixed one, or a combination of both.
You have up to 15 years to pay back the loan, regardless of how you use the funds.
Program Steps
Create an Account:
- Visit the official program website.
- Click on "Ouvrir une session" to create a new user account if you do not already have one.
Log In:
- Use your newly created credentials to log in to your account.
Access the Application Form:
- Navigate to the application section of the website.
- Locate and open the application form for the program.
Prepare Documentation:
- Gather the following documents:
- Business registration details
- Financial statements (last two years)
- Business plan
- Tax returns (last two years)
- Identification documents for business owners
- Any relevant permits or licenses
- Quotes or estimates for intended use of funds
- Gather the following documents:
Complete the Application Form:
- Fill out all required fields in the application form.
- Ensure all information is accurate and up-to-date.
Upload Documentation:
- Upload all the prepared documents to the application portal.
- Double-check that all documents are clear and legible.
Review and Submit:
- Review your application thoroughly.
- Ensure all sections are complete and all documents are attached.
- Submit the application through the online portal.
Confirmation and Follow-Up:
- After submission, you will receive a confirmation email.
- Keep track of any follow-up communications or additional requests for information.
Await Approval:
- The program administrators will review your application.
- Be prepared to provide additional information if requested.
Receive Funds:
- Upon approval, discuss the final terms.
- The funds will be disbursed according to the agreed terms.