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

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 Trust
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

Calgary
Adaptation of healthcare services for elderly homes

$63,000

Toronto
Upgrade of digital infrastructure in local library

$84,000

Ottawa
Expansion of community arts and crafts program

$122,500

Montreal
Expansion of organic food production facilities

$108,500

Halifax
Development of a mobile application for mental health support

$96,250

Vancouver
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

Québec social economy enterprises, non-profit organizations, and cooperatives are eligible for this grant.

grant_eligibility_criteria|who_cannot_apply

Private enterprises Public bodies

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|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.

grant_single_labels|documents

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

Apply to this program