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

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Who is eligible for the Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans program?

To be eligible for the Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans program, you must: • The enterprise must be a Québec social economy enterprise, non-profit organization, or cooperative. • The majority of employees must reside in Québec. • Business assets must be under $100 million or capital under $50 million.

Q: Who can I contact for more information about the Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans?

You can contact Chantier de l'économie sociale.

Q: Where is the Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans available?

The Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans program is available the province of QC.

Q: Are startups eligible for the Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans program?

Yes, startups are eligible to apply for the Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans program.

Last Update: July 22, 2025

QC, Canada

Loans for social economy real estate projects in Quebec

At a glance

Eligible Funding

From $50,000 to $1,500,000
Up to 31% of project cost

Timeline

Open Date : August 18, 2022

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

Overview

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.

Financing terms and conditions

The Chantier de l'économie sociale Trust offers patient capital loans providing flexible financing solutions for collective enterprises, fostering development and expansion in operational and real estate endeavors. These financing modalities are structured to balance project financing needs while minimizing financial risks associated with traditional debt.

No capital repayment is required until the end of the 15-year term.
Monthly interest payments are obligatory.
Advance capital repayment is allowed without any penalty.
A competitive fixed interest rate is offered for the entire duration of the investment.
For operations-related financing, loans range from $50,000 to $400,000, covering up to 35% of project costs without any required guarantee.
Real estate-related financing requires mortgage financing from a financial institution, with loans ranging from $50,000 to $2.5 million, covering 35% of the project costs, and requiring a subordinated guarantee on fixed assets.

Activities funded

The Chantier de l'économie sociale Trust supports projects that aim to enhance the operational and real estate capabilities of social economy enterprises in Québec. Eligible activities focus on operational development, product adaptation, and real estate enhancement to foster enterprise growth and community development.

Operations development or improvements within social economy enterprises.
Adaptation of products and services to meet market demands.
Real estate projects, including the acquisition, construction, and renovation of assets.
Start-up initiatives and expansion projects for collective enterprises.

Examples of admissible projects:

$ 220,500

Renovation of a historic building for a community arts space

$ 267,750

Opening a community center for youth engagement

$ 78,750

Expansion of a local bookshop to a larger space and renovation

$ 126,000

Launching an eco-friendly fashion brand focusing on sustainable materials

$ 189,000

Establishing a new cooperative bakery in the heart of Halifax

$ 173,250

Upgrading equipment for a local cooperative brewery

Eligibility

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).

Who is eligible?

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.

Who is not eligible

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.

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.

Eligible geographic areas

This grant is available to social economy enterprises located in a specific geographical area. Eligible companies must be based in Québec to qualify for this funding opportunity.

Québec based social economy enterprises.

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

Verify that your company is a Quebec social economy enterprise, a non-profit organization, or a cooperative.
Check that the majority of employees reside in Quebec.
Ensure that the company's assets are less than 100 million dollars or that the capital is less than 50 million dollars.

Preparation of the request

Gather the required documents such as project information, funding needs, and other relevant documents.
Complete the patient capital loan application form of the Social Economy Initiative Trust.

Submission of the application

Send the completed application and the required documents to the relevant organization according to the provided instructions.
Wait for confirmation of receipt of the application and its processing by the organization.

Additional information

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.

Documents and links

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

Apply to this program

Frequently Asked Questions about the Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans Program

Here are answers to the most common questions about the Chantier de l'économie sociale Trust — Real Estate Patient Capital Loans. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.