Chantier de l'économie sociale Trust — Operations Patient Capital Loan
Financial products to support social economy enterprises in Quebec
At a glance
Eligible Funding
- From 50,000$ to 250,000$
- 35% of project cost
Timeline
- Open Date : August 18, 2022
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- Chantier de l'économie sociale Trust
Status
Open
Overview
Get a loan from the trust between $50,000 and $250,000 to cover 35% of the costs directly associated with the operational needs.
Eligibility criteria
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.
Who is eligible
Québec social economy enterprises, non-profit organizations, and cooperatives are eligible for this grant.
Who is not eligible
Private enterprises
Public bodies
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
Eligible projects & activities
The eligible projects for the Patient Capital Loans grant include:
- Operations development or improvements
- Adaptation of products and services
- Start-up and expansion
Additional information
- 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.
Apply to this program
