How much funding can be received?

Funds up to 20000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Fonds Émergence Estrie — Financing?

Fonds Émergence Estrie — Financing is funded by MicroEntreprendre

What are Fonds Émergence Estrie — Financing's eligibility criterias?

The business must have its headquarters and activities based in the Estrie region. A complete business plan including financial forecasts must be submitted. The applicant must provide a personal financial contribution to the project.

Fonds Émergence Estrie — Financing

Last Update: February 22, 2025

QC, Canada

Regional microloans for Estrie entrepreneurial projects

Fonds Émergence Estrie — Financing at a glance

Eligible Funding

Max. $20,000

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

MicroEntreprendre

Status

Open

Overview of the Fonds Émergence Estrie — Financing program

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.

Financing 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.

Eligible projects & activities

Pre-startup entrepreneurial projects.
Startup business initiatives.
Development projects for existing businesses.

Eligibility criteria of the Fonds Émergence Estrie — Financing program

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.

How to apply to the Fonds Émergence Estrie — Financing program

Prepare the necessary documentation

Write a complete business plan including financial forecasts.
Provide a personal contribution to the project.

Check regional eligibility

Ensure that the head office and activities are located in Estrie.

Submit the request

Contact the Émergence Estrie Fund for specific instructions on submitting the application.
Submit all required documents to the evaluation committee.

Additional information

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.