grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|minCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateNovember 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

$55,000

Calgary
Launching a digital marketing campaign for a social economy enterprise

$70,000

Vancouver
Modernization of a community arts center building

$80,000

Ottawa
Acquisition of a new software system for a financial cooperative

$60,000

Halifax
Refinancing of existing loans for a cooperative bookstore

$100,000

Toronto
Acquisition of new machinery and equipment for a textile manufacturing cooperative

$60,000

Montreal
Expansion of an organic food cooperative to include a new retail location

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|register

  • 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.

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

grant_single_labels|documents

Collective entrepreneurship financing

Apply to this program