Sustainable Growth Investment — Growth Support Plus
Highlights
This program is designed for you because it supports productive and sustainable investments in your business. It offers an investment grant that is conditional on a loan guarantee from La Financière agricole. You can receive up to $700,000 in financing, which is paid out over a three-year period.
What You Get
- Up to $700,000 in financing
- Investment grant with a loan guarantee
Benefits
- Flexible financing for any production sector
- Support for sustainable growth and productive investments
- Government-backed loan guarantee, providing added security
By being approved, you can make significant investments in your business, ensuring its growth and sustainability. The program is designed to be accessible, making it easier for you to qualify and benefit from this financial support.
Financing Details
Type of Financing:
- Investment Grant: This is a grant provided to support productive and sustainable investments.
- Loan Guarantee: The grant is conditional on a loan guarantee from La Financière agricole.
Repayment Terms:
- Grant Disbursement: The assistance is paid out over a three-year period.
- Maximum Amount: The maximum amount of eligible financing per business is $700,000.
Eligible Expenses:
- Investments in productive and sustainable projects.
- Applicable to all production sectors and business life cycles.
Use of Funds:
- Funds must be used for investment projects that support productivity and sustainability.
- Specific allocations are not detailed, but the focus is on investments that promote growth and sustainability.
Ineligible Expenses:
- Funds cannot be used for non-investment purposes.
- Operational expenses, personal expenses, and any non-productive investments are excluded.
Fees:
- No specific fees are mentioned for the grant itself.
- Any fees associated with the loan guarantee will be outlined by La Financière agricole.
Qualifications
- Must be a farmer with an investment project.
- Business can be in any production sector.
- Business can be at any stage of its life cycle.
- Must seek a loan guarantee from La Financière agricole.
Maximum eligible financing per business is $700,000.
Disqualifications:
- None specified in the provided context.
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, but it requires a loan guarantee from La Financière agricole.
You can use this money for various productive and sustainable investments, no matter what stage your business is in or what sector you operate in. This could include buying new equipment, expanding your facilities, or other projects that help your business grow sustainably.
The assistance is paid out over a three-year period, giving you time to plan and execute your investment projects effectively. This program is designed to support your business in making significant, long-term improvements.
Program Steps
Gather Required Documentation:
- Business Plan
- Financial Statements (last 3 years)
- Proof of Loan Guarantee from La Financière agricole
- Investment Project Proposal
Complete the Application Form:
- Access the application form through the La Financière agricole website.
- Fill in all required fields accurately.
Submit the Application:
- Attach all gathered documentation.
- Submit the completed application form and documents online or at your nearest service center.
Await Confirmation:
- La Financière agricole will review your application.
- Be prepared to provide additional information if requested.
Receive Approval and Funding:
- Upon approval, review the terms of the grant and loan guarantee.
- Funds will be disbursed over a three-year period as per the program guidelines.
Implement Investment Project:
- Use the funds as outlined in your investment project proposal.
- Ensure compliance with all program requirements and timelines.
Report Progress:
- Provide regular updates on the progress of your investment project.
- Submit any required reports to La Financière agricole.
