How much funding can be received?

Funds up to 35% of admissible expenses, capped at $250000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Chantier de l'économie sociale Trust — Operations Patient Capital Loan?

Chantier de l'économie sociale Trust — Operations Patient Capital Loan is funded by Chantier de l'économie sociale

Chantier de l'économie sociale Trust — Operations Patient Capital Loan

Q: What are Chantier de l'économie sociale Trust — Operations Patient Capital Loan's eligibility criterias?

The enterprise must be a Québec social economy enterprise, non-profit organization, or cooperative. The majority of the enterprise's employees must reside in Québec. The business assets must be under $100 million, or the capital must be under $50 million.

grant_single|update January 24, 2025

QC, Canada

Financial products to support social economy enterprises in Quebec

grant_single_labels|summary

grant_single_labels|preview

grant_single_labels|projects

grant_single_labels|admissibility

grant_single_labels|apply

grant_single_labels|otherInfo

grant_single_labels|documents

grant_single_labels|summary

grant_single|eligibleFinancing

grant_single|fromMinToMax
grant_single|projectCostPercent

grant_single|deadlines

grant_single|openingDate August 18, 2022

grant_single|financingType

Loans and Capital investments

grant_single|eligibleIndustries

Health care and social assistance

grant_single|grantors

Chantier de l'économie sociale

grant_single|status

grant_card_status|open

grant_single_labels|preview

Get a loan from the trust between $50,000 and $250,000 to cover 35% of the costs directly associated with the operational needs.

grant_single_labels|projects

The eligible projects for the Patient Capital Loans grant include: - Operations development or improvements - Adaptation of products and services - Start-up and expansion

grant_single|admissibleProjectsExample

$ 80,500

Adaptation of healthcare services for elderly homes

$ 63,000

Upgrade of digital infrastructure in local library

$ 84,000

Expansion of community arts and crafts program

$ 122,500

Expansion of organic food production facilities

$ 108,500

Development of a mobile application for mental health support

$ 96,250

Startup of an eco-friendly packaging company

grant_single_labels|admissibility

To be eligible for the Patient Capital Loans from the Chantier de l'économie sociale Trust, the social economy enterprises, non-profit organizations, and cooperatives must meet the following criteria: 1. The majority of employees must live in Québec. 2. Business assets are under one hundred million dollars ($100 million) or capital under fifty million dollars ($50 million). Eligible Projects include: - Operations development or improvements - Adaptation of products and services - Start-up and expansion Ineligible Enterprises are: - Those whose appointment processes for governing bodies don't ensure a preponderance of civil society stakeholders - Enterprises that exclusively offer educational services or residential rental housing services - Enterprises whose activities result in the substitution of jobs held or to be held by public sector employees - Private enterprises - Public bodies Ineligible Projects include: - Pre-start-up, recovery, refinancing of existing debts, early repayment of a long-term loan with the goal of lowering the overall costs of financing - Financing activities that result in the substitution of jobs held or to be held by public sector employees.

grant_eligibility_criteria|who_can_apply

This grant is available to Québec-based social economy enterprises, which include non-profit organizations and cooperatives, provided the majority of their employees reside in Québec and they meet certain asset or capital thresholds. Ineligible applicants include private enterprises, public bodies, and those falling under specified exclusions such as entities offering exclusively educational services or engaged in sensitive sectors.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries due to their status or main activity. The restrictions ensure that funds are directed towards enterprises that align with the grant's objectives.

Private enterprises.
Public bodies.
Enterprises whose appointment processes for governing bodies don’t ensure a preponderance of civil society stakeholders.
Enterprises that exclusively offer educational services or residential rental housing services.
Enterprises whose activities result in the substitution of jobs held or to be held by public sector employees.
Enterprises that work in excluded and sensitive sectors.

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include: - Working capital - Equipment acquisition (office, computers, vehicles, machinery and tools) - Absorb operational deficits during start-up - Inventory - Leasehold improvements - Upgrading the enterprise’s capital - Introducing new products to the market - All other needs related to operations

grant_single_labels|apply

grant_single_labels|otherInfo

- The patient capital loans are available for Quebec social economy enterprises, non-profit organizations, and cooperatives where the majority of employees live in Quebec. - Eligible projects include operations development, adaptations of products and services, start-up, and expansion. - Ineligible enterprises include those with governance processes not ensuring a preponderance of civil society stakeholders and those exclusively offering educational or residential rental housing services. - Ineligible projects include pre-start-up, recovery, refinancing of existing debts, and activities resulting in job substitution of public sector employees.