MRC Beauce-Sartigan — Local funds - EXPANSION component - QC - Canada

MRC Beauce-Sartigan — Local funds - EXPANSION component

QC, Canada
Beauce-Sartigan business expansion financial support program
grant_single|update January 24, 2025

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.

Apply to this program

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