Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans
QC, Canada
Loans for social economy real estate projects 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
- grant_single|allIndustries
grant_single|grantors
- Chantier de l'économie sociale Trust
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a trust loan between $50,000 and $1.5 million, to cover 31.5% of the costs directly related to the acquisition, construction, or renovation of real estate assets such as land, a building, a warehouse, etc.
grant_single_labels|projects
Eligible projects for the Patient Capital Loans grant include operations development or improvements, adaptation of products and services, and start-up and expansion for Quebec social economy enterprises, non-profit organizations, and cooperatives.
- Operations development or improvements
- Adaptation of products and services
- Start-up and expansion
grant_single|admissibleProjectsExample
$267,750
Ottawa
Opening a community center for youth engagement
$220,500
Calgary
Renovation of a historic building for a community arts space
$78,750
Montreal
Expansion of a local bookshop to a larger space and renovation
$126,000
Toronto
Launching an eco-friendly fashion brand focusing on sustainable materials
$189,000
Halifax
Establishing a new cooperative bakery in the heart of Halifax
$173,250
Vancouver
Upgrading equipment for a local cooperative brewery
grant_single_labels|admissibility
Eligibility criteria for the grant are that the social economy enterprises, non-profit organizations, and cooperatives must have the majority of employees living in Québec and business assets under one hundred million dollars or capital under fifty million dollars.
- Majority of employees reside in Québec
- Business assets are under $100 million or capital under $50 million
grant_eligibility_criteria|who_can_apply
Eligible companies for this grant include social economy enterprises, non-profit organizations, and cooperatives based in Québec where the majority of employees reside in the province and have business assets below $100 million or capital below $50 million.
- Social economy enterprises
- Non-profit organizations
- Cooperatives
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for this grant. They include:
- 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
- Private enterprises
- Public bodies
grant_eligibility_criteria|eligible_expenses
There are eligible expenses for this grant. Eligible expenses include working capital, equipment acquisition, operational deficits during start-up, inventory, leasehold improvements, upgrading the enterprise’s capital, and introducing new products to the market.
- Working capital
- Equipment acquisition
- Operational deficits during start-up
- Inventory
- Leasehold improvements
- Upgrading the enterprise’s capital
- Introducing new products to the market
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Demonstrated need for patient capital financing
- Alignment of the project with the goals and eligibility criteria of the Chantier Trust
- Potential impact of the project on the social economy and community
- Viability and sustainability of the enterprise
- Capacity of the enterprise to manage the funds effectively
grant_single_labels|register
- Step 1:
- Check eligibility criteria for the grant
- Ensuring the majority of employees live in Québec
- Business assets under $100 million or capital under $50 million
- Verify if the project falls under the scope of eligible projects
- Step 2:
- Determine the type of patient capital loan needed: Operations or Real Estate
- Specify the amount required within the designated range
- Understand the specific needs for the loan and project
- Step 3:
- Collect all necessary documentation as per the requirements
- Prepare a detailed project proposal outlining the purpose of the loan
- Gather financial statements and other relevant information
Apply to this program
