CAE Beauce-Chaudière — Transfer Strategy Financing
QC, Canada
Facilitates business succession or acquisition through financing options
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- CAE Beauce-Chaudière
grant_single|status
grant_card_status|open
grant_single_labels|preview
The CAE Beauce-Chaudière — Transfer Strategy Financing provides loans up to $50,000 to support the succession or acquisition of businesses. Eligible activities include business transitions for companies with 200 employees or fewer, located in Beauce.
grant_single_labels|terms_and_conditions
- Loan amounts range from $25,000 to $50,000.
- No interest is charged for the initial 24 months.
- A capital moratorium of up to 24 months is possible.
- The maximum amortization period is 7 years.
- A minimum equity contribution of 10% of the total project cost is required.
- The borrower must purchase at least 10.10% of the company’s shares.
- A personal guarantee from the borrower is necessary.
- No collateral is required for securing the loan.
grant_single_labels|admissibility
- The company must be located in Beauce.
- The entrepreneur must work full-time in their business, with a minimum of 30 hours per week.
- Financing from CAE through the Regular Fund, of equal or greater value than the transfer strategy funding, must be part of the financial structure.
- The company must have 200 employees or fewer.
- The funding cannot be used to refinance a debt.
grant_eligibility_criteria|zone
- Beauce region
grant_single_labels|otherInfo
- The loan agreement includes a personal guarantee requirement from the borrower.
- Recipients of the loan must adhere to a maximum amortization period of 7 years for repayment.
- There is no requirement for collateral to secure the loan.
- The loan does not accrue interest for the initial 24 months, providing a grace period for new business acquirers.
- Borrowers have the option for a capital moratorium for up to 24 months, offering financial flexibility.
