Collective entrepreneurship financing
- Open continuously
Overview
Loans covering up to 100% of the costs for most co-operative and not-for-profit business projects, starting at $50,000.
At a glance
Funding available
- Access new markets
- Launch or market a product/service
- Renovate or expand facilities
- Minimum amount : 50,000 $
- Up to 100% of project cost
- Open continuously
Eligible candidates
- All industries
- Quebec
- Non-profit
- Public or Parapublic institution
- Non-financial cooperative
- All revenue ranges
- All organization sizes
- All groups
- Economic, Social and Community Development
- Business owners / entrepreneurs
- Nonprofits / charities
- Fee-for-service model
- All dimensions
Next Steps
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.)
Official resources
Eligibility
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
- Step 1: Identify the project and ensure it qualifies as an eligible project under the criteria listed (e.g. acquisition, construction, modernization, etc.).
- Step 2: Prepare a detailed project plan including objectives, scope, financial projections, timelines, and resource requirements.
- Step 3: Gather necessary documentation such as financial statements, business plans, proof of activities, and any other relevant information that supports the application.
- Step 4: Consult with Investissement Québec or relevant financial experts to discuss financing options and determine appropriate loan types or partnerships.
- Step 5: Complete the application form provided by Investissement Québec, ensuring all fields are accurately filled out and all required documents are attached.
- Step 6: Submit the completed application and await confirmation or further requests for information from Investissement Québec.
- Step 7: If approved, carefully review the financing agreement terms, including any repayment schedules, moratoriums, and guarantees.
- Step 8: Sign and return the financing agreement to formalize the arrangement and receive fund disbursement as per 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