Fonds Émergence Estrie — Financing
grant_single|update February 22, 2025
QC, Canada
Regional microloans for Estrie entrepreneurial projects
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MicroEntreprendre
grant_single|status
grant_card_status|open
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The Fonds Émergence Estrie offers financing up to $20,000 to support the pre-startup, startup, and development phases of entrepreneurial projects in Estrie. Eligible activities include projects led by self-employed workers and incorporated businesses across all sectors.
grant_single_labels|terms_and_conditions
- Loans available up to a maximum of $20,000 at a fixed interest rate ranging from 5% to 10%.
- Flexible repayment terms up to five years.
- No penalties for early loan repayment.
- Loans are granted to individuals for their business projects, not directly to businesses.
- Funding can be considered as equity by some financial partners.
grant_single_labels|projects
- Pre-startup entrepreneurial projects.
- Startup business initiatives.
- Development projects for existing businesses.
grant_single_labels|admissibility
- The applicant must have its headquarters and conduct activities in Estrie.
- A complete business plan, including financial forecasts, must be submitted.
- The applicant must provide a personal contribution to the project.
grant_eligibility_criteria|who_can_apply
- Self-employed workers from all sectors.
- Incorporated businesses across various industries.
grant_eligibility_criteria|zone
- Region of Estrie, Quebec.
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grant_single_labels|otherInfo
- The financing under Fonds Émergence Estrie is structured on the principles of microcredit, emphasizing community involvement in regional funding efforts.
- Loan conditions are advantageous, with fixed interest rates ranging from 5% to 10% and flexible repayment terms up to five years.
- No penalties are charged for early repayment of the loan, providing borrowers flexibility in managing their finances.
- While loans are issued to individuals for entrepreneurial projects, the financing can be recognized as equity by certain financial partners.
- The process of accumulating and managing the funds is conducted regionally, ensuring that resources remain within the Estrie community.