MRC Beauce-Sartigan — Local funds - EXPANSION component
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|projects
This grant is designed to support business expansion projects within the Beauce-Sartigan region. It offers financial aid primarily for manufacturing, commerce, and service projects.
- Manufacturing projects seeking expansion and needing support for up to 50% of the project cost.
- Commercial projects requiring funding to cover 50% of expansion expenses.
- Service sector projects aiming to expand their operations with financial backing.
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 designed to support businesses within a specific geographical area as determined by the local economic council. Eligible locations are linked to regional development initiatives.
- Companies located within the MRC de Beauce-Sartigan in Canada.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Consult with a CEB Advisor
- Contact the Conseil économique de Beauce (CEB) at 418 228-8123 for guidance.
- Discuss your project and ensure it meets all basic requirements.
- Step 2: Gather and Prepare Documentation
- Prepare financial forecasts to demonstrate project viability and repayment capability.
- Ensure company equity meets the required threshold after project completion.
- Compile relevant business experience and management capability evidence.
- Step 3: Complete Application Form
- Obtain and complete the application form provided by the CEB.
- Include all necessary project details and supporting documents.
- Step 4: Submit Application
- Submit your completed application and all documents to the CEB as instructed.
- Make sure to meet any specified deadlines and format requirements.
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
Empower Your Business Expansion in the Beauce-Sartigan Region
The Fonds locaux - volet EXPANSION grant is designed to financially empower businesses within the MRC de Beauce-Sartigan aiming to expand their operations. Through this grant, businesses can receive support tailored to various types of projects, be it in manufacturing or commerce and services, offering a robust foundation for growth.
Understanding the Fonds locaux - volet EXPANSION Grant for Business Growth
The Fonds locaux - volet EXPANSION presents an invaluable opportunity for businesses within the MRC de Beauce-Sartigan to secure necessary financing for expansion projects. These funds are specifically geared towards supporting projects that demonstrate a clear trajectory towards enhancing the economic landscape of the region. With a dual focus on manufacturing as well as commerce and service sectors, the program caters to a broad spectrum of businesses.
In the manufacturing sphere, the grant can provide loans covering up to 50% of the project's costs, up to a maximum of $50,000. This structure enables emerging and established manufacturers to access crucial funding that can aid in acquiring new equipment, expanding facilities, or adapting to new manufacturing technologies. These projects, which are often capital intensive, benefit significantly from the financial leverage provided by this grant, allowing businesses to scale operations more effectively and competitively. The flexibility in terms of loan amortization—ranging between 60 to 84 months—offers businesses a reasonable timeframe to work smartly towards repayment, minimizing financial burden and ensuring project feasibility.
The grant also extends its benefits to businesses in commerce and services. Here, a similar framework applies, with funding available for up to 50% of the project's costs but capped at $25,000. This targeted financial assistance is vital for businesses seeking to innovate or expand their service offerings. Whether it involves enhancing customer experience, adopting new service technologies, or expanding to new markets within the MRC de Beauce-Sartigan, this grant provides the necessary backing to make informed and strategic investments.
A notable feature of the Fonds locaux - volet EXPANSION is the interest rate, which is specifically tailored to the risk level associated with each project. This risk-adjusted interest policy ensures that businesses are not overburdened but are fairly assessed according to their project's potential and inherent risks, thereby encouraging a more calculated approach to business expansion. Additionally, businesses may benefit from a capital repayment moratorium, granting a 12-month period within the loan term to manage cash flows efficiently—this provision is crucial for companies that might need breathing room as they establish or incorporate new operational frameworks into their business models.
Overall, the Fonds locaux - volet EXPANSION is not merely a financial instrument but a strategic initiative aimed at fueling entrepreneurship and sustainable growth within the Beauce-Sartigan region. By providing this structured financial assistance, the MRC nurtures a supportive environment where innovation and commercialization can thrive, directly contributing to the region's economic vitality and resilience. For businesses in compliance with the program's requirements, this grant makes a significant difference, potentially transforming the landscape of business operations in the area.
Engagement with the Conseil économique de Beauce is advised to navigate the complexities and tailor a realistic, successful application, ensuring businesses maximize their chances of successfully securing financial support in alignment with regional economic goals and individual project visions.
