Collective entrepreneurship financing

Collective entrepreneurship financing

Loans for co-op business projects in Quebec
At a glance
Overview
Eligibility
Selection criteria
How to apply
Other info
Documents and links

At a glance

Eligible Funding
  • Min. $50,000
  • 100% of project cost
Timeline
  • Open Date : November 14, 2019
Financing Type
Loans and Capital investments
Eligible Industries
  • All industries
Grant Providers
  • Investissement Québec
  • Gouvernement du Québec
Status
Open

Overview

Loans covering up to 100% of the costs for most co-operative and not-for-profit business projects, starting at $50,000.

Eligibility criteria

  • To qualify for the financing offered by Investissement Québec, cooperatives and non-profit organizations (NPOs) must engage in commercial activities, regardless of their industry or field of activity.

    • Who is eligible

  • Cooperatives
  • Non-profit organizations (NPOs)

    • Who is not eligible

  • Companies not engaging in commercial activities

    • Eligible expenses

  • Acquisition, expansion, construction, or modernization of a building
  • Purchase of machinery or equipment
  • Working capital
  • Financing of worker-owned cooperatives to purchase employer shares
  • Refinancing
  • Entry into a new market
  • Acquisition of intangible assets (trademarks, patents, etc.)

    • Eligible projects & activities

  • Acquisition, expansion, construction or modernization of a building
  • Purchase of machinery or equipment
  • Working capital
  • Financing of worker-owned cooperatives to purchase employer shares
  • Refinancing
  • Entry into a new market
  • Acquisition of intangible assets (trademarks, patents, etc.)

    • Evaluation & selection criteria

  • Engagement in commercial activities, regardless of industry or field
  • Project eligibility including acquisition, expansion, construction, modernization, working capital, refinancing, and more
  • Minimum financing of $50,000
  • Potential for up to 100% coverage of project costs
  • Flexible terms tailored to individual needs
  • Possibility of deferral of principal repayment up to 24 months

    • How to apply

  • Contact an Investissement Québec expert at 1 844 IQINFOS (1 844 474-6367).
  • Discuss your project and financing needs with the expert.
  • Prepare the necessary documentation for your application.
  • Submit your application for review and approval.

    • Additional information

  • Financing can cover up to 100% of project costs.
  • Flexible terms are available to tailor the financing to the needs of cooperatives and NPOs.
  • Security may be required for certain financing options.

    • Documents and links

    Collective entrepreneurship financing

    Apply to this program