How much funding can be received?

Funds up to 50% of admissible expenses, capped at $50000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Beauce-Sartigan — Local funds - EXPANSION component?

MRC Beauce-Sartigan — Local funds - EXPANSION component is funded by MRC Beauce-Sartigan

What are MRC Beauce-Sartigan — Local funds - EXPANSION component's eligibility criterias?

Demonstrate relevant knowledge and experience in the field as well as management skills. Ensure a minimum of 15% equity in the company post-project, which can be considered as investment. Show project viability and repayment ability through financial forecasts.

MRC Beauce-Sartigan — Local funds - EXPANSION component

grant_single|update January 24, 2025

QC, Canada

Beauce-Sartigan business expansion financial support program

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Loans and Capital investments

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Manufacturing
Retail trade

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MRC Beauce-Sartigan

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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.

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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.

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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.

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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.

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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.