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

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.

- 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.