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Sustainable Growth Investment — Growth Support

Up to $700,000
Type
GRANTS AND FUNDING
Application Difficulty
MEDIUM
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

This program is designed for you if you have investment projects in mind for your farm, no matter the production sector or stage of your business. It offers up to $700,000 in financing, which can be a game-changer for your growth and sustainability. The financial assistance comes as an investment grant, conditional on a loan guarantee from La Financière agricole.

Why should you apply?

  • Significant Funding: Up to $700,000 to support your investment projects.
  • Flexible Use: Funds can be used for various productive and sustainable investments.
  • Government-Backed: The loan guarantee from La Financière agricole adds an extra layer of security.

What's in it for you?

  • Long-Term Support: Assistance is paid out over a three-year period, giving you time to implement your projects effectively.
  • Ease of Qualification: The program is designed to be accessible, ensuring that your business can benefit without unnecessary hurdles.

Applying for this program can provide the financial boost you need to take your business to the next level.

Financing Details

Type of Financing:

  • Investment Grant: This program offers an investment grant conditional on a loan guarantee from La Financière agricole.

Repayment Terms and Interest Rates:

  • Repayment Term: The financial assistance is provided over a three-year period.
  • Interest Rates: Not applicable, as this is a grant.

Eligible Expenses:

  • The grant can be used for productive and sustainable investments in any production sector.
  • Eligible expenses include costs related to investment projects aimed at business growth and sustainability.

Ineligible Expenses:

  • The funds cannot be used for operational costs or expenses unrelated to the investment project.

Fees:

  • There are no fees associated with applying for or receiving this grant.

Qualifications

  • Must be a farmer with investment projects.
  • Business can be in any production sector.
  • Business can be at any stage in its life cycle.
  • Must obtain a loan guarantee from La Financière agricole.
  • Maximum eligible financing per business is $700,000.

  • Disqualifications:

    • None specified.

Description

This program offers your business a chance to receive up to $700,000 in financial assistance. This money is given as an investment grant, which is conditional on a loan guarantee from La Financière agricole. The grant is paid out over a three-year period.

You can use this money for various investment projects, regardless of your production sector or the stage of your business. It supports productive and sustainable investments, helping your business grow and thrive.

The main benefit is that this program provides substantial financial support, allowing you to make significant investments without bearing the full financial risk alone. This can be a game-changer for your business, providing the capital needed to expand, innovate, and improve your operations.

Program Steps

  1. Gather Required Documentation: Prepare the necessary documents for the application. These include:

    • Business plan
    • Financial statements (balance sheets, income statements, cash flow statements)
    • Details of the investment project
    • Loan guarantee from La Financière agricole
  2. Complete the Application Form: Fill out the application form for the Sustainable Growth Investment Program. Ensure all sections are completed accurately.

  3. Submit the Application: Send the completed application form and required documentation to La Financière agricole. This can be done online or through a service center.

  4. Await Review: La Financière agricole will review your application to ensure it meets the program's criteria. They may request additional information if needed.

  5. Receive Approval: Once your application is approved, you will receive confirmation of the investment grant and loan guarantee.

  6. Implement the Investment Project: With the financial assistance secured, proceed with your investment project as planned.

  7. Report Progress: Periodically report the progress of your investment project to La Financière agricole as required by the program guidelines.

  8. Receive Funds: The financial assistance will be disbursed over a three-year period, as per the program's terms.

Visit Program Website