Collective entrepreneurship financing
grant_single|update January 24, 2025
QC, Canada
Loans for co-op business projects in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|minCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDate November 14, 2019
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Gouvernement du Québec
- Investissement Québec (IQ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Loans covering up to 100% of the costs for most co-operative and not-for-profit business projects, starting at $50,000.
grant_single_labels|projects
The grant supports various projects and activities for cooperatives and non-profits, provided they have market activities.
- Acquisition, expansion, construction, and modernization of buildings
- Purchase of machinery and equipment
- Working capital
- Financing worker-shareholder cooperatives for acquiring employer shares
- Refinancing
- Expansion into new markets
- Acquisition of intangible assets (trademarks, patents, etc.)
grant_single|admissibleProjectsExample
$ 60,000
Expansion of an organic food cooperative to include a new retail location
$ 100,000
Acquisition of new machinery and equipment for a textile manufacturing cooperative
$ 55,000
Launching a digital marketing campaign for a social economy enterprise
$ 70,000
Modernization of a community arts center building
$ 80,000
Acquisition of a new software system for a financial cooperative
$ 60,000
Refinancing of existing loans for a cooperative bookstore
grant_single_labels|admissibility
To be eligible for this grant, cooperatives and non-profit organizations must have commercial activities.
- Cooperatives or non-profit organizations (NPOs)
- Engaged in commercial activities
grant_eligibility_criteria|who_can_apply
Eligible organizations for this grant include cooperatives and non-profit organizations (NPOs) with commercial activities. The support offered aims to help these entities with various financial needs and projects.
- Cooperatives
- Non-Profit Organizations (NPOs) with commercial activities
grant_eligibility_criteria|who_cannot_apply
Companies not engaging in commercial activities
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant can include various types of projects such as acquisitions, modernizations, and financing needs.
- Acquisition, agrandissement, construction, modernisation d’un bâtiment
- Achat de machinerie et d’équipement
- Fonds de roulement
- Financement d’une coopérative de travailleurs actionnaires pour l’acquisition d’actions de leur employeur
- Refinancement
- Implantation sur un nouveau marché
- Acquisition d’actifs incorporels (marques de commerce, brevets, etc.)
grant_eligibility_criteria|zone
There are no specific eligible geographic zones mentioned for this grant.
grant_single_labels|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
grant_single_labels|apply
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grant_single_labels|otherInfo
Investissement Québec offers a flexible financial support system to cooperatives and non-profit organizations (NPOs) for various types of projects with the ability to cover up to 100% of project costs.
- Can partner with other lenders to provide competitive loans
- Options include short-term or long-term loans (up to 25 years for real estate)
- Possible repayment moratorium on capital (up to 24 months)
- Projects like building acquisition, construction, machinery purchase, new market implementation, and acquisition of intangible assets are eligible
- Eligibility requires cooperatives and NPOs to have commercial activities
Apply to this program
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