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
1
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.
2
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.
3
Complete Application Form
- Fill out the application form provided by Beauce-Centre Économique.
- Ensure all requested information is complete and accurate.
4
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.
5
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.