Sustainable Growth Investment — Young Entrepreneurs
Highlights
The Sustainable Growth Investment Program is designed specifically for businesses like yours. It offers up to $700,000 in financing to support your investment projects, regardless of your production sector or business stage. This program provides a unique opportunity to make productive and sustainable investments that can drive your business forward.
Why should you apply?
- Investment Grant: The financial assistance comes as an investment grant, which is conditional on a loan guarantee from La Financière agricole.
- Flexible Financing: The assistance is paid out over a three-year period, giving you the flexibility to manage your investments effectively.
- Government-Backed: This program is backed by the government, ensuring stability and reliability.
What’s in it for you?
- Significant Funding: Access to substantial financing can help you make critical purchases and improvements.
- Sustainable Growth: The focus on sustainable investments ensures that your business can grow responsibly and efficiently.
- Ease of Qualification: The program is designed to be accessible, making it easier for you to qualify and benefit from the support.
By being approved for this program, you can secure the necessary funds to invest in your business's future, ensuring long-term growth and success.
Financing Details
Type of Financing:
- Investment Grant: This program provides an investment grant that is conditional on a loan guarantee from La Financière agricole.
Repayment Terms and Interest Rates:
- Repayment Term: The grant is paid out over a three-year period.
- Interest Rates: Not applicable, as this is a grant.
Eligible Expenses:
- Productive Investments: Funds can be used for investments that enhance productivity.
- Sustainable Investments: Investments aimed at sustainability are also eligible.
Ineligible Uses:
- Non-Investment Expenses: Funds cannot be used for operational costs or non-investment related expenses.
Fees:
- No Fees: There are no fees associated with this grant program.
Qualifications
- Must be a farmer with investment projects.
- Business can be in any production sector.
- Business can be at any stage of its life cycle.
- Must obtain 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 great opportunity to grow sustainably. You can receive up to $700,000 in financial assistance. This money is given as an investment grant and comes with a loan guarantee from La Financière agricole.
You can use this money for various productive and sustainable investments. Whether you need new equipment, want to expand your facilities, or have other investment projects, this program supports your efforts.
The assistance is paid out over three years, giving you time to plan and implement your projects effectively. This support can help ensure the long-term success and sustainability of your business.
Program Steps
Gather Required Documentation:
- Business Plan
- Financial Statements (last three years)
- Project Proposal (detailing the investment project)
- Loan Guarantee from La Financière agricole
Complete the Application Form:
- Access the application form from La Financière agricole's website.
- Fill out all required fields accurately.
Prepare Supporting Documents:
- Proof of Business Registration
- Identification Documents for Business Owners
- Tax Returns (last three years)
- Quotes or Invoices for the Investment Project
Submit the Application:
- Submit the completed application form and all supporting documents to La Financière agricole.
- Ensure all documents are properly signed and dated.
Wait for Review:
- La Financière agricole will review your application.
- They may request additional information or clarification.
Approval and Grant Disbursement:
- Upon approval, discuss the grant terms and conditions.
- The grant will be disbursed over a three-year period.
Follow-Up and Reporting:
- Provide regular updates on the progress of your investment project.
- Submit any required reports or documentation as requested by La Financière agricole.
