MRC Arthabaska - Honorary loan

Q: How much funding can be received?

MRC Arthabaska - Honorary loan Funds up to 15000% of admissible expenses.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the MRC Arthabaska - Honorary loan a grant, loan, or tax credit?

MRC Arthabaska - Honorary loan is a Loans and Capital investments

Q: Who are the financial supporters of the MRC Arthabaska - Honorary loan?

MRC Arthabaska - Honorary loan is funded by MRC Arthabaska

Q: Who is eligible for the MRC Arthabaska - Honorary loan program?

To be eligible for the MRC Arthabaska - Honorary loan program, you must: • The business must be a for-profit enterprise established for 5 years or less. • The business must have its headquarters located in the MRC d'Arthabaska territory. • The promoter must have exhausted all traditional funding sources.

Q: Who can I contact for more information about the MRC Arthabaska - Honorary loan?

You can contact MRC Arthabaska.

Q: Where is the MRC Arthabaska - Honorary loan available?

The MRC Arthabaska - Honorary loan program is available the province of QC.

Q: Are youth (under 40) eligible for the MRC Arthabaska - Honorary loan program?

Yes, youth under 40 are eligible to apply for the MRC Arthabaska - Honorary loan program.

Last Update: July 22, 2025

Victoriaville, QC

Young entrepreneurs' short-term loan, Victoriaville region support

At a glance

Eligible Funding

Max. $15,000

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

Overview

The Prêt d'Honneur Victoriaville et sa région provides a maximum funding amount of $15,000 to young entrepreneurs aged 40 and under who have exhausted conventional financing options, to support short-term needs crucial for the success of their business project. Eligible activities include engaging with a mentor, attending recommended training, and presenting a detailed project plan and financial forecasts.

Financing terms and conditions

This loan, offered to young entrepreneurs in the MRC d'Arthabaska, provides flexible and favourable terms to support business growth in the region. The financing modalities are crafted to ensure accessibility and ease of repayment.

Loan amount can reach up to $15,000.
Loan duration ranges from 6 to 24 months.
Flexible repayment conditions.
A maximum interest rate of 3%.

Eligibility

Eligibility for this grant is determined by specific criteria related to the entrepreneur and business status.

The business must be a for-profit enterprise that has been in existence for 5 years or less.
The business must have its headquarters located in the MRC d'Arthabaska territory.
The entrepreneur must have exhausted all other sources of traditional financing.
The entrepreneur must demonstrate a short-term need through a project plan and financial forecasts.
The applicant must agree to be accompanied by a mentor.
The applicant must participate in basic training recommended by the mentor.
The entrepreneur must be aged 40 years or younger.

Who is eligible?

Eligible applicants are young entrepreneurs aged 40 or below who own a for-profit business that has existed for 5 years or less, with its headquarters located in the MRC d'Arthabaska region. The entrepreneur must have exhausted all traditional financing sources, demonstrate a short-term need through a project plan and financial forecasts, be willing to accept mentorship, and participate in basic training recommended by the mentor.

Eligible geographic areas

This grant is available exclusively for companies situated in certain geographical areas as outlined by the funder. These areas are specifically selected to foster local entrepreneurship and economic growth.

Companies headquartered within the territory of the MRC d'Arthabaska.

How to apply

Eligibility Assessment

Check that you meet all the eligibility criteria mentioned.
Make sure that your business is for profit and located in the Arthabaska RCM.

Preparation of documents

Write a detailed project plan outlining your short-term funding needs.
Prepare financial forecasts demonstrating the viability of your project.

Mentoring Choice

Agree to participate in the mentoring program and identify a potential mentor.
Prepare to participate in the training recommended by the mentor.

Submission of the request

Contact Prêt d'Honneur Victoriaville to obtain the application form.
Fill out the application form, attaching all required documents.
Submit the application by the method indicated by the organization (mail, email, or online portal if mentioned).

Waiting for the response

Wait for the response from Prêt d'Honneur regarding the acceptance or refusal of your application.
Prepare for any requests for additional information or an interview.

Apply to this program

Frequently Asked Questions about the MRC Arthabaska - Honorary loan Program

Here are answers to the most common questions about the MRC Arthabaska - Honorary loan. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.