
Investment Banking — Corporate Finance
- Open continuously
Overview
Loans, loan guarantees and capital investments for cultural businesses, as well as tax credit advances for film, books, sound productions and shows.
At a glance
Funding available
- Increase performance through digital transformation
- No Condition
- Open continuously
Eligible candidates
- Information and cultural industries
- Arts, entertainment and recreation
- Laurentides
- Quebec
- Non-profit
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- All groups
- Culture and Arts
- Business owners / entrepreneurs
- Artists / creatives
- All structures
- Provincial
Next steps
Activities funded
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.
Eligibility
Who is eligible?
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.Who is not eligible
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.
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.
Eligible geographic areas
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.
Additional information
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.
Documents and links
Contacts
Frequently Asked Questions about the Investment Banking — Corporate Finance Program
What is the Investment Banking — Corporate Finance?
Who is eligible for the Investment Banking — Corporate Finance program?
What expenses are eligible under Investment Banking — Corporate Finance?
Who can I contact for more information about the Investment Banking — Corporate Finance?
Where is the Investment Banking — Corporate Finance available?
Is the Investment Banking — Corporate Finance a grant, loan, or tax credit?
Who are the financial supporters of the Investment Banking — Corporate Finance?
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