How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Investment Banking — Corporate Finance?

Investment Banking — Corporate Finance is funded by Société de développement des entreprises culturelles (SODEC), Gouvernement du Québec

What are Investment Banking — Corporate Finance's eligibility criterias?

The applicant must be a legally constituted company, either for-profit or non-profit, but individual companies are not eligible, except in the field of arts and crafts. Applicants must have their headquarters in Quebec and demonstrate that the effective control of the company is majority-held by individuals domiciled in Quebec. The company must have been operational for at least one year or be engaging in new and non-competitive market niches.

Investment Banking — Corporate Finance

grant_single|update January 24, 2025

QC, Canada

Financing for cultural businesses in Quebec

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grant_single|openingDate November 14, 2019

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Loans and Capital investments

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Information and cultural industries
Arts, entertainment and recreation

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Société de développement des entreprises culturelles (SODEC)
Gouvernement du Québec

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Loans, loan guarantees and capital investments for cultural businesses, as well as tax credit advances for film, books, sound productions and shows.

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This grant is specific to companies having their headquarters in a particular geographical area. Eligibility is determined by the company's location and operational base.

Companies with their headquarters located in Quebec, Canada.

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$ 45,000

Digital upgrade for an independent film studio

$ 80,000

Expansion of a local bookstore chain

$ 60,000

Development of an online platform for a cultural event company

$ 40,000

Supporting digital content creation for a non-profit arts organization

$ 25,000

Succession planning for a family-owned theater company

$ 65,000

Reinforcement of Quebec ownership of a music production company

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Eligibility for this grant is determined by specific requirements regarding the company's legal status, location, and operational history.

The company must be legally constituted, either as a for-profit or non-profit, excluding individual enterprises, except those in the field of crafts.
The company must have its headquarters in Quebec, with effective control majority-held by individuals residing in Quebec.
The company must have been in operation for at least one year or operate in new and non-competing sectors.
The company must assume financial risk related to the operations for which financing is requested.
The company must possess the necessary human and financial resources to meet all financial obligations, including loan repayment according to SODEC's conditions.

grant_eligibility_criteria|who_can_apply

Any legally constituted for-profit or non-profit enterprises, except sole proprietorships unless in the field of crafts, which have their headquarters in Quebec and demonstrate that effective control is held by persons domiciled in Quebec. They must have been operational for at least one year or be operating in a new and non-competitive niche. The company must be willing to assume financial risk in the operations requiring financing and possess the necessary human and financial resources to meet all financial obligations, including loan repayment under the conditions set by SODEC.

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This grant excludes specific types of companies based on their legal status or primary operational structure. These restrictions are designed to align the grant support with the broader objectives of fostering certain business types.

Individual enterprises, except those in the artisanal sector, are not eligible.

grant_eligibility_criteria|eligible_expenses

This program aims to support the financial needs of Quebec-based cultural enterprises through various financing tools. The eligible activities focus on business development, digital transformation, and ensuring the sustainability of Quebec-owned cultural businesses.

Supporting the development of overall business activities.
Enabling the realization of their expansion potential.
Ensuring business sustainability through succession planning or business transfer.
Strengthening and maintaining Quebec ownership.
Providing financing for impactful projects.
Supporting digital development initiatives.

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The eligible geographic zone for this grant is Quebec, Canada.

Headquarters must be in Quebec.
Business control must be majorly held by individuals domiciled in Quebec.

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Yes, there are evaluation and selection criteria for this grant from the SODEC. The criteria ensure that only established cultural enterprises with a strong Quebec ownership and financial stability are considered for funding.

Legally constituted enterprise (for-profit or non-profit)
Headquarters in Quebec with majority ownership by Quebec residents
Operational for at least one year or operating in a new, competition-free niche
Assumption of financial risk for the operations in the funding request
Possesses necessary human and financial resources to meet financial obligations, including loan repayment

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Consultation of the financial policy

Consult the financial policy to be informed of the eligibility criteria.

Registration for SOD@ccès

Create your user profile if you are a new user on the SOD@ccès portal.
If you already have a profile, enter your access codes to log in.

Program Selection

Select the program corresponding to your request, number 60-34-00.

Preparation of the documentation

Download the template for the application presentation.
Complete the statement of the applying company.
Provide the personal balance sheet.
Prepare any relevant documents according to the program requirements.

Filling out the application form

Fill out the application form on SOD@ccès.
Check all the information entered to ensure its accuracy.

Submission of the request

Upload all required documents on SOD@ccès.
Submit the completed application.

Setting up payment services

Fill out and return the pre-authorized debit (PAD) form accompanied by a voided check marked "Canceled".
Fill out and return the pre-authorized payment (PAP) form accompanied by a voided check marked "Canceled", if applicable to receive payments from SODEC.

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The Société de développement des entreprises culturelles (SODEC) offers various financial instruments to support cultural enterprises in Quebec.

SODEC provides a preferential interest rate, which as of July is 6.95%.
The financing options available include term loans, revolving credit, loan guarantees, and in exceptional cases, project investment and equity stake.
It emphasizes maintaining Quebec ownership and supporting business succession or transfer processes.
SODEC offers interim financing for tax credits as part of their financial services.
Applicants can automate their payment processes with SODEC via pre-authorized debit or credit through dedicated forms.
Businesses are encouraged to read articles about cultural entrepreneurship on their platform for further insights and inspiration.