How much funding can be received?

Funds up to 25% of admissible expenses, capped at $25000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Beauce-Centre — Succession Component?

MRC Beauce-Centre — Succession Component is funded by MRC Beauce-Centre

What are MRC Beauce-Centre — Succession Component's eligibility criterias?

The project must involve the acquisition of at least 25% of the business.

MRC Beauce-Centre — Succession Component

Last Update: January 24, 2025

QC, Canada

Interest-free loan for business acquisition of minimum 25%

MRC Beauce-Centre — Succession Component at a glance

Eligible Funding

From $5,000 to $25,000
Up to 25% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

MRC Beauce-Centre

Status

Open

Overview of the MRC Beauce-Centre — Succession Component program

The grant program from Beauce-Centre Économique provides interest-free loans up to $25,000 to support business acquisition, specifically requiring the acquisition of at least 25% of the company. It aims to assist entrepreneurs in starting, expanding, or transitioning business ownership.

Eligible projects & activities

The Succession Component of the MRC Beauce-Centre grant focuses on supporting business acquisition and development efforts. This aid is particularly aimed at helping businesses secure a part of an existing enterprise to ensure its continuity and growth.

Acquisition of at least 25% of an existing business.
Supporting the development process for new business ventures.
Funding aimed at business expansion projects.
Assistance with purchasing new equipment to enhance production capacity.
Provision of a working capital fund for special projects.

Eligibility criteria of the MRC Beauce-Centre — Succession Component program

Eligibility for the Volet Relève program requires specific conditions to be met regarding the acquisition type project.

The applicant must be involved in the acquisition of a business.
The acquisition must involve obtaining at least 25% of the company in question.

Eligible expenses

The financing program primarily focuses on acquisition-related expenses within the specified criteria.

Expenses related to the acquisition of at least 25% of the business.

How to apply to the MRC Beauce-Centre — Succession Component program

Initial Consultation

Schedule a meeting with the Beauce-Centre Économique team to discuss your project.
Review eligibility criteria and determine the best financial support options available for your project.

Application Preparation

Gather necessary documents and information, including project proposals, financial statements, and proof of eligibility.
Prepare a detailed business plan outlining your project, objectives, and anticipated outcomes.

Complete Application Form

Fill out the application form provided by Beauce-Centre Économique.
Ensure all requested information is complete and accurate.

Submit Application

Submit the completed application form and all supporting documents to Beauce-Centre Économique.
Ensure the submission is done before any deadlines provided by the funding program.

Follow-Up

Await confirmation of receipt from Beauce-Centre Économique.
Be prepared to provide additional information or clarification if requested by the reviewing team.

Additional information

Here are additional relevant details for this financial aide program:

No interest is applied to the loan within the "Volet relève" program.
Acquiring at least 25% of the company is required to qualify for the "Volet relève" loan.
The program supports both new and developing business projects.

Apply to this program