MRC Beauce-Sartigan — Local funds - EXPANSION component
grant_single|update January 24, 2025
QC, Canada
Beauce-Sartigan business expansion financial support program
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Manufacturing
- Retail trade
grant_single|grantors
- MRC Beauce-Sartigan
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|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.
grant_single_labels|projects
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.
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|zone
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.
grant_single_labels|apply
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grant_single_labels|otherInfo
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.