MRC Beauce-Sartigan — Local funds - EXPANSION component

This grant program for the MRC Beauce-Sartigan provides structured financial support to assist businesses in their expansion projects, with a focus on both manufacturing and commerce & service sectors.

• For manufacturing projects, loans cover up to 50% of project costs, with a maximum amount of $50,000.
• For commerce and service projects, loans also cover up to 50% of project costs, with a maximum of $25,000.
• Interest rates are determined based on the project's risk level.
• Loan amortization periods are typically set at 60 months, with the possibility of extending up to 84 months.
• Under certain conditions, a capital repayment moratorium for up to 12 months may be available within the total loan duration.
• Consultation with an advisor from the Conseil économique de Beauce is necessary, as additional conditions may apply.

Eligibility for this grant is determined by specific requirements related to the applicant's profile and financial capacity.

• The applicant must demonstrate relevant knowledge and experience in their field, as well as management skills.
• The company's equity after the project must be at least 15% and can be considered as part of the funding.
• The applicant must demonstrate the viability of the project and the ability to repay the loan through financial forecasts.

Who is eligible?

The eligible candidates must demonstrate a relevant domain knowledge and experience, possess management skills, ensure that their company's equity after project completion reaches a minimum of 15%, and prove the project's viability as well as their repayment capacity through financial forecasts.

Eligible geographic areas

This grant is available to companies located within the designated areas as determined by the MRC de Beauce-Sartigan region. The eligible businesses are those intending to expand within this particular area to foster local economic growth.

• Enterprises located in the MRC de Beauce-Sartigan region.

Here are additional relevant details for this grant:

• The interest rate for the loan will be determined based on the assessed risk level of the project.
• The amortization period for loans is generally set at 60 months, but can be extended up to 84 months under certain conditions.
• Eligible projects may benefit from a capital repayment moratorium of up to 12 months, depending on specific conditions.
• A consultation with a counselor from the Conseil économique de Beauce is necessary as part of the application process.
• Additional, unspecified conditions may apply to the funding process.