Fonds Mauricie Fonds Mauricie — Women Entrepreneurs Fund
Last Update: January 24, 2025
Trois-Rivières, QC
Fonds Mauricie supports entrepreneurs through flexible microcredit loans
Fonds Mauricie Fonds Mauricie — Women Entrepreneurs Fund at a glance
Eligible Funding
- From 750 to 20,000
- Up to 50% of project cost
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- Fonds Mauricie
Status
Open
Overview of the Fonds Mauricie Fonds Mauricie — Women Entrepreneurs Fund program
The grant program by Fonds Mauricie offers a maximum funding amount of $20,000, aiming to support businesses at various developmental stages that have a positive social and economic impact on the community. Eligible activities include pre-startup, startup, expansion, modernization, and recovery stages, with specific support for women-owned businesses and microcredit through honor loans.
Financing terms and conditions
The Fonds Mauricie offers supportive financing modalities specifically designed for women entrepreneurs, ensuring flexible access to capital and fostering business growth in various phases of development.
- Loans are personalized to individuals and not to the business itself, providing flexibility in financial partnerships.
- Microcredit range extends from CAD 750 to a maximum of CAD 20,000, depending on the type and phase of business development.
- Women Entrepreneurs Fund offers financing up to CAD 20,000, exclusively for businesses with 50% or more ownership by women.
- Flexible repayment terms are available, allowing entrepreneurs to manage their finances efficiently.
- Bridge loans can cover up to 100% of the value of a secured grant or 50% of a contract, with a repayment period not exceeding 12 months.
Eligible projects & activities
This fund is specifically designed to support women entrepreneurs who hold 50% or more ownership in their businesses. The program aims to facilitate various phases of business development, offering financial assistance to enhance economic and social impact within the community.
- Entrepreneurial pre-startup activities including planning and strategizing.
- Business startup efforts focusing on initial setup and market entry.
- Business expansion projects that aim to increase market reach and operational capabilities.
- Modernization initiatives to update business processes or infrastructure.
- Business recovery actions focusing on financial restructuring through existing debts with Fonds Mauricie.
Eligibility criteria of the Fonds Mauricie Fonds Mauricie — Women Entrepreneurs Fund program
Eligibility for this grant is based on the entrepreneur's situation and the characteristics of their business or project.
- The applicant must be an entrepreneur at the pre-startup, startup, expansion, modernization, or turnaround phase.
- The business should have a positive social and economic impact on the community.
- For turnaround situations, refinancing is available only for existing debts with Fonds Mauricie.
- Entrepreneurs seeking microcredit through honor loans must apply personally, not as a company.
- Applicants for FlexiFonds should have employment income or be self-employed.
- For collaborative loans with Ruche Mauricie, an active crowdfunding campaign is required.
- Term loans are available to businesses that are already operational and represented by an authorized person.
- Bridge loans require a secured contract or grant that cannot exceed 50% of the contract value or 100% of the grant value, with a maximum of $20,000.
- To qualify for the Women's Entrepreneur Fund, the business must be at least 50% owned by women.
How to apply to the Fonds Mauricie Fonds Mauricie — Women Entrepreneurs Fund program
1
Compilation of essential documents
- Consult the checklist of necessary documents.
- Prepare an updated credit file.
- Develop a business model and a business plan.
- Prepare a personal balance sheet and budget.
2
Participation in awareness workshops
- Learn about the topics covered: business plan, legal status, choice of a business location, marketing.
- Register for a workshop via the training calendar.
- Pay the fee of $45 for the workshop.
3
Consultation with a counselor
- Contact a management and financing advisor to schedule an appointment.
- Discuss the terms of the loan and the necessary support.
Additional information
Here are additional relevant details for accessing funding from Fonds Mauricie:
- The loans provided are personal, not business loans, and are tailored to individual entrepreneurs.
- Flexible repayment terms are available, focusing on accessibility and flexibility for the borrower.
- Specific funding options are available for women entrepreneurs, with a focus on businesses with a minimum 50% female ownership.
- There is a requirement for attending entrepreneurship awareness workshops, which includes a fee of $45.
Contact Fonds Mauricie
819 371-9050