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

This funding opportunity is exclusive to social economy enterprises operating within a specific geographic scope as defined by the eligibility criteria. The eligibility is focused primarily on enterprises with a significant presence in a particular Canadian province.
  • Québec
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 for this grant is determined by specific requirements related to the profile of Québec-based social economy enterprises.
  • The enterprise must be a Québec social economy enterprise, non-profit organization, or cooperative.
  • The majority of employees must reside in Québec.
  • The enterprise must have business assets valued at less than one hundred million dollars ($100 million) or capital under fifty million dollars ($50 million).

grant_eligibility_criteria|who_can_apply

Québec social economy enterprises, non-profit organizations, and cooperatives that meet specific criteria can apply for these financial products offered by the Chantier de l'économie sociale Trust to support their development or improvement of operational or real estate potential.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain types of companies and projects based on their status and main activity. These restrictions ensure the support is primarily directed toward enterprises within the social economy in Québec.
  • Private enterprises.
  • Public bodies.
  • Enterprises whose governing bodies do not predominantly consist of civil society stakeholders.
  • Enterprises exclusively offering educational services or residential rental housing services.
  • Enterprises with activities that substitute jobs held by public sector employees.
  • Enterprises operating in excluded and sensitive sectors.
  • Projects related to pre-start-up phases, recovery, refinancing of existing debts, or early repayment of a long-term loan.

grant_eligibility_criteria|eligible_expenses

The grant supports the advancement of social economy enterprises by providing financial aid for the development and enhancement of operational and real estate capacities. Eligible activities include a diverse range of operational and real estate projects aimed at growth and adaptation.
  • Development or improvement of operations.
  • Adaptation of products and services.
  • Real estate projects such as acquisition, construction, or renovation.
  • Start-up initiatives.
  • Expansion projects.

grant_eligibility_criteria|zone

The financial products cover expenses related to both operational improvements and real estate projects for social economy enterprises.
  • Working capital for operational needs.
  • Equipment acquisition, including office equipment, computers, vehicles, machinery, and tools.
  • Costs to absorb operational deficits during start-up.
  • Inventory purchases.
  • Leasehold improvements and upgrading the enterprise’s capital.
  • Costs associated with introducing new products to the market.
  • All other operational needs.
  • Expenses directly related to the acquisition, construction, and renovation of real estate assets.
  • Professional fees, including architect, land surveyor, and notary fees.
  • Transfer taxes related to real estate.
  • Other real estate project-related costs, such as moving costs and working capital for production stoppage.

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: Determine Eligibility
    • Ensure your enterprise is a Québec social economy enterprise, non-profit organization, or cooperative with assets or capital below specified thresholds.
    • Verify your project aligns with eligible project types, such as operational development or real estate projects.
  • Step 2: Prepare Documentation
    • Gather necessary financial statements and proof of registration as a social economy enterprise.
    • Prepare a detailed description of your project and how the patient capital loan will be utilized.
    • Include supporting documents such as business plans, budgets, and financial projections.
  • Step 3: Complete Application Form
    • Access the Chantier de l’économie sociale Trust's application form online or through a contact point.
    • Fill in all required fields with accurate details about your enterprise and project.
  • Step 4: Submit Application
    • Submit the completed application form and all accompanying documents to the Chantier Trust, either electronically through their portal or by mail to their designated address.
  • Step 5: Await Feedback and Further Instructions
    • Wait for confirmation of receipt and any requests for additional information or documents from the Chantier Trust.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The interest rate for the loans is competitive and fixed throughout the 15-year term, providing predictability in financial planning.
  • There is a possibility of making advance capital repayments without incurring any penalties, offering flexibility in financial management.
  • The loans do not require capital repayment obligations until the end of their 15-year term, providing a longer horizon for financial stability.
  • Real estate loans require a mortgage from a financial institution and are secured with a subordinated guarantee from the Chantier Trust.
  • Flexible financing conditions are intended to lower financial risks and improve the debt-equity balance of the borrowing enterprises.
  • The availability of these loans helps enterprises conserve capital for project needs by reducing the annual cash outflows associated with project financing.

grant_single_labels|documents

Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans

Apply to this program

More grants like this