Chantier de l'économie sociale Trust — Operations Patient Capital Loan
QC, Canada
Financial products to support social economy enterprises in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateAugust 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
<p>Get a loan from the trust between $50,000 and $250,000 to cover 35% of the costs directly associated with the operational needs.</p>
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|register
Here are the steps to submit an application for this grant:
- Step 1: Preliminary Registration
- Assess your eligibility based on the criteria for Québec social economy enterprises.
- Gather necessary information about your organization and project.
- Step 2: Prepare Application
- Develop a comprehensive project proposal outlining your project's goals, timeline, and budget.
- Highlight how the loan will support start-up, expansion, or development.
- Include details of financial needs such as working capital, real estate acquisition costs, etc.
- Prepare any supporting documents, such as financial statements, letters of support, or partnership agreements.
- Step 3: Loan Application Submission
- Complete the application form provided by the Chantier de l’économie sociale Trust.
- Attach all necessary documentation, ensuring details align with requirements.
- Review your application thoroughly for completeness and accuracy.
- Submit the application to the Chantier de l’économie sociale Trust through their designated submission process.
- Step 4: Confirmation and Follow-Up
- Receive a confirmation of receipt from the Chantier Trust.
- Retain any reference number or confirmation details for your records.
- Prepare for any follow-up inquiries or additional information requests from the Trust.
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.
