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Collective entrepreneurship financing - QC - Canada

Collective entrepreneurship financing

Last Update: July 22, 2025
QC, Canada
Loans for co-op business projects in Quebec

At a glance

Eligible Funding
  • Min. $50,000
  • Up to 100% of project cost
Timeline
  • Open Date : November 14, 2019
Financing Type
Loans and Capital investments
Eligible Industries
  • All industries
Funds Providers
Unspecified
Program 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.

Activities funded

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.)
Examples of admissible projects:
$ 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

Eligibility

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

Who is eligible?

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

Who is not eligible

Companies not engaging in commercial activities

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.)

Eligible geographic areas

There are no specific eligible geographic zones mentioned for this grant.

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

1

Eligibility Assessment

  • Check that your cooperative or nonprofit organization has commercial activities.
  • Confirm that your project is among the examples of eligible projects.
  • Ensure that your organization meets the eligibility criteria.
2

Preparation of the file

  • Gather the necessary financial and administrative documents.
  • Prepare a detailed description of your project.
  • Develop a solid business plan if necessary.
  • Determine the amount of funding required and the desired terms.
3

Consultation with a financing expert

  • Make an appointment with an Investment Quebec financing expert.
  • Discuss your project and financial needs with the expert.
  • Receive advice on the best financing solutions tailored to your situation.
4

Submission of the request

  • Fill out the funding application form.
  • Attach all required documents to the application.
  • Submit the application to Investissement Québec.
5

Monitoring and evaluation of the request

  • Track the progress of your application with Investissement Québec.
  • Provide additional information if necessary during the evaluation.
  • Receive a response on the approval or denial of the application.
6

Obtaining funds

  • Sign the loan or financing agreement documents.
  • Receive the funds according to the agreed terms.

Additional information

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

Documents and links

Collective entrepreneurship financing

Apply to this program

Frequently Asked Questions about the Collective entrepreneurship financing Program

Here are answers to the most common questions about the Collective entrepreneurship financing. 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.

What is the Collective entrepreneurship financing?

How much funding can be received?

What is the deadline to apply?

Is the Collective entrepreneurship financing a grant, loan, or tax credit?

Who are the financial supporters of the Collective entrepreneurship financing?

Who is eligible for the Collective entrepreneurship financing program?

Who can I contact for more information about the Collective entrepreneurship financing?

Where is the Collective entrepreneurship financing available?

Apply to this program

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