How much funding can be received?

Funds up to 300000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the CAE Beauce-Chaudière — Quasi-Equity Loan?

CAE Beauce-Chaudière — Quasi-Equity Loan is funded by CAE Beauce-Chaudière

What are CAE Beauce-Chaudière — Quasi-Equity Loan's eligibility criterias?

The business must be located in Beauce. The business must have been in operation for at least 3 years. The project cost must be at least $1 million.

CAE Beauce-Chaudière — Quasi-Equity Loan

Last Update: April 18, 2025

QC, Canada

Quasi-equity loans supporting business projects in Beauce-Chaudière

CAE Beauce-Chaudière — Quasi-Equity Loan at a glance

Eligible Funding

From $100,000 to $300,000

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

CAE Beauce-Chaudière

Status

Open

Overview of the CAE Beauce-Chaudière — Quasi-Equity Loan program

The CAE Beauce-Chaudière Quasi-Equity Loan offers up to $300,000 to enhance equity for business projects requiring a minimum of $1 million. This program is designed to complement traditional financing and supports eligible businesses in Beauce that meet specific operational and financial criteria.

Financing terms and conditions

Loan amounts ranging from $100,000 to $300,000.
Interest rate is set at the Bank of Canada’s prime rate plus an additional 4% and a risk premium if applicable.
Loans are structured to double the dollar amount of the owner’s equity investment.
A personal guarantee is required from the business owner.
Capital repayment can be deferred for a period of 24 to 60 months.
Maximum loan amortization period is 8 years.
Early repayment is allowed without penalty after 3 years, subject to specific conditions.

Eligibility criteria of the CAE Beauce-Chaudière — Quasi-Equity Loan program

The business must be located in Beauce.
The business must have been in operation for at least 3 years.
A minimum EBITDA of $250,000 in the last two years is required.
The business must generate a minimum of $100,000 in funds.
The project must have a cost of at least $1 million.
The business must have 200 employees or fewer.
The loan cannot be used to refinance debt.

Eligible geographic areas

Businesses located in Beauce.

How to apply to the CAE Beauce-Chaudière — Quasi-Equity Loan program

Preparation of the initial file Evaluate if the company meets the eligibility criteria for this grant.

Gather the financial information and necessary documents such as recent financial statements.

Project Development Design a detailed project plan, highlighting the objectives, strategies, and benefits for the company.

Prepare a profitability analysis justifying the need for the quasi-equity loan.

Consultation with a financial advisor Meet with a financial advisor or a grants expert to review the file and ensure that it is complete and meets the requirements.

Submission of the application Contact the CAE Beauce-Chaudière to learn about the submission procedures, such as the postal or electronic sending of documents.

Submit the complete application file according to the instructions provided by the organization.

Follow-up and confirmation Check the receipt of the request through written or electronic confirmation from the organization.

Keep all correspondence for future reference.

Additional information

The loan is structured to complement traditional financial institution offerings, enhancing project viability.
Capital repayment moratorium provides flexibility, allowing businesses to stabilize financially before starting repayments.
The loan encourages business owners to leverage their equity by matching personal investment with loan funds.