MRC Beauce-Sartigan — Local funds - EXPANSION component
Last Update: May 13, 2025
QC, Canada
Beauce-Sartigan business expansion financial support program
MRC Beauce-Sartigan — Local funds - EXPANSION component at a glance
Eligible Funding
- Max. $50,000
- Up to 50% of project cost
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Manufacturing
- Retail trade
Grant Providers
- MRC Beauce-Sartigan
Status
Open
Overview of the MRC Beauce-Sartigan — Local funds - EXPANSION component program
The Fonds Locaux - volet EXPANSION program aims to financially support businesses in the Beauce-Sartigan MRC with their expansion projects, offering loans of up to 50% of the project cost, with a maximum of $50,000 for manufacturing projects and $25,000 for commerce and service projects. Eligible activities include demonstrating relevant knowledge and management skills, ensuring post-project equity reaches at least 15%, and proving the project's viability and repayment capacity through financial forecasts.
Financing terms and conditions
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.
Eligible projects & activities
This grant offers financial support to businesses in the MRC of Beauce-Sartigan for their expansion projects in the manufacturing and commerce sectors. The funds are designed to enhance the operational capacity and infrastructure of these enterprises.
- Expansion projects for manufacturing businesses, with loans covering up to 50% of project costs, capped at $50,000.
- Expansion projects for businesses in the commerce and service sectors, with loans covering up to 50% of project costs, capped at $25,000.
Eligibility criteria of the MRC Beauce-Sartigan — Local funds - EXPANSION component program
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.
How to apply to the MRC Beauce-Sartigan — Local funds - EXPANSION component program
1
Initial Contact
- Communicate with an advisor from the Beauce Economic Council to verify eligibility and obtain advice on submitting the application.
- Contact number: 418 228-8123.
2
Preparation of the Application File
- Gather the financial documents, including financial forecasts demonstrating the project's viability.
- Prepare a presentation of the expansion project including estimated costs and the repayment plan.
3
Submission of the Request
- Submit the application and the required documents to the Beauce Economic Council.
- Include all necessary proofs as evidence of the company's equity and the candidate's experience.
4
Follow-up of the Request
- Wait for a response regarding eligibility and loan approval.
- Be available to provide additional information if requested.
5
Acceptance of the Offer
- Examine the terms of the loan once approved.
- Report your official acceptance of the loan offer.
Additional information
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.