Fonds Mauricie Fonds Mauricie — Women Entrepreneurs Fund
Trois-Rivières, QC, Canada
Fonds Mauricie supports entrepreneurs through flexible microcredit loans
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Loans and Capital investments
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- Fonds Mauricie
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grant_card_status|open
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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.
grant_single_labels|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.
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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.
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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.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Review Requirements
- Consult the checklist for the necessary documents, including a credit file, business model, and personal financial statements.
- Step 2: Participate in Workshops
- Attend entrepreneurship awareness workshops covering topics such as business planning and marketing.
- Register for workshops via the calendar and pay the $45 fee.
- Step 3: Contact an Advisor
- Reach out to a management and financing advisor for guidance or to book an appointment.
- Step 4: Submit Application
- Prepare your application with all required documents.
- Submit your application to the Fonds Mauricie.
- Step 5: Confirmation of Submission
- Await confirmation from the Fonds Mauricie regarding your application status.
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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.
grant_single_labels|contact
819 371-9050
