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.

Eligibility criteria

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

Who is eligible

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

Who is not eligible

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

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

Eligible projects & activities

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

Evaluation & selection 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

How to apply

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

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

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

Documents and links