MRC Arthabaska - Honorary loan

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 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.