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

Who is eligible?

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.

Who is not eligible

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.

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

- 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.