Fonds Émergence Estrie — Financing

• 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.

• 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.

Who is eligible?

• Self-employed workers from all sectors.
• Incorporated businesses across various industries.

Eligible geographic areas

• Region of Estrie, Quebec.

• 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.