grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
grant_single|deadlines
  • grant_single|openingDateFebruary 16, 2022
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Evol
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a loan ranging from $20,000 to $75,000 for your new business start-up projects (0 to 2 years)

grant_single_labels|projects

Projects or activities eligible for this grant include financing the acquisition of tangible and intangible assets, working capital related to business operations, development and marketing of products and services, as well as the purchase and redemption of shares.
  • Acquisition of assets
  • Working capital funding
  • Product and service development
  • Share purchase and redemption
grant_single|admissibleProjectsExample

$55,000

Quebec City
Opening a specialty cheese shop focusing on local and imported cheeses

$40,000

Vancouver
Create a community garden initiative focusing on food sustainability

$35,000

Calgary
Launch a home-based catering service specializing in vegan cuisine

$45,000

Toronto
Develop a new software application for managing small business expenses

$50,000

Montreal
Launch a new organic skincare line, focusing on natural ingredients

$50,000

Halifax
Establish an artisanal coffee shop with a focus on organic and fair-trade products

grant_single_labels|admissibility

This grant is aimed at providing financing to women and men entrepreneurs to help them achieve their business ambitions. Eligibility criteria include:
  • Acquisition of tangible and intangible assets
  • Working capital related to business operations
  • Development and marketing of products and services
  • Purchase and redemption of shares
  • Interest rates based on risk level
  • Amortization period ranging from 2 to 8 years
  • Possibility of moratorium at grant and during the loan
  • Possibility of moratorium in case of parental leave
  • Fees for file analysis and follow-up

grant_eligibility_criteria|who_can_apply

Eligible types of companies for this grant include startups in various business sectors. The loan can be used for acquiring assets, working capital, product development, and more.
  • Startups in most business sectors
  • Companies looking to finance tangible and intangible assets
  • Businesses seeking working capital support
  • Startups focusing on product development and new services
  • Businesses interested in purchasing or redeeming shares

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include financing the acquisition of tangible and intangible assets, working capital related to business operations, development and marketing of products and services, as well as the purchase and redemption of shares. Most business sectors are eligible for funding.
  • Acquisition of tangible and intangible assets
  • Working capital related to operations
  • Development and marketing of products and services
  • Purchase and redemption of shares
  • Eligible for most business sectors

grant_single_labels|criteria

There are evaluation and selection criteria for this grant. The loan is evaluated based on the business project's risk premium, with interest rates calculated accordingly. The selection criteria include financial viability, business plan quality, and the projected financial statements.
  • Business project's risk premium
  • Financial viability assessment
  • Quality of the business plan
  • Projected financial statements

grant_single_labels|register

  • Step 1: Prepare the required documents for the application process
    • Business plan
    • 2-year projected financial statements
    • Curriculum vitae of shareholders
  • Step 2: Complete the application form with accurate information and submit it along with the required documents
  • Step 3: Await the review and analysis of your application by the grant provider
  • Step 4: If approved, review and sign the loan agreement detailing the terms and conditions
  • Step 5: Receive the granted loan amount to support your business start-up

grant_single_labels|otherInfo

Additional information for applicants includes:
  • Applicants may need to provide additional collateral or personal guarantees depending on the risk assessment of the business project.
  • Applicants should be prepared for a thorough review process that may involve interviews and site visits.

grant_single_labels|documents

Evol — Conventional start-up loan

Apply to this program