MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund
QC, Canada
Supports early-stage Beauce-Sartigan agricultural businesses with microcredit
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
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- MRC Beauce-Sartigan
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds Microcrédit agricole Beauce-Sartigan provides interest-free loans up to $10,000 to support the start-up, diversification, transformation, or development of small agricultural enterprises in the Beauce-Sartigan region. Eligible activities include equipment purchases, consultancy fees, and expenses related to planting, preparation, transformation, distribution, and marketing.
grant_single_labels|terms_and_conditions
This grant provides interest-free loans to assist agricultural enterprises in starting, diversifying, or developing their operations. The financing terms are structured to maximize the availability of resources while offering flexibility to borrowers.
- Interest-free loans can finance up to 80% of the project cost, with a ceiling of $10,000.
- Loan amortization can last up to 7 years, facilitating manageable repayment schedules.
- Repayments occur through annual installments, calculated by dividing the loan amount by the financing duration.
- A deferral of capital repayment for up to 36 months may be granted based on a justified analysis by the committee.
grant_single_labels|projects
This fund is designed to assist agricultural enterprises with projects involved in starting up, diversifying, transforming, or developing operational capabilities. The aim is to support small agricultural businesses in their growth journey through both technical and financial means.
- Starting new agricultural ventures.
- Diversification of existing agricultural operations.
- Transformation projects aimed at altering the production process or products.
- Development activities to expand agricultural enterprise capacities.
- Purchase of agricultural equipment or animals necessary for the farm.
- Consultancy fees for expert advice on agricultural projects.
- Expenses related to planting or preparing land for agricultural use.
- Costs associated with the transformation, distribution, or marketing of agricultural products.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria related to the location, type of business, and financial status.
- The enterprise must primarily engage in agricultural activities, specifically "agricultural production/cultivation" or "production & processing," with the exception of those subject to supply management rules.
- The enterprise's headquarters must be located within the MRC de Beauce-Sartigan, and the activities involved in the funding request must be conducted in this area.
- The enterprise must be less than 10 years old with an annual turnover not exceeding $250,000.
- The enterprise's activities must comply with prevailing laws, standards, and regulations.
grant_eligibility_criteria|who_can_apply
Any business primarily engaged in agriculture-related activities, which focus on "agricultural production/cultivation" or "production & transformation," is eligible to apply for the Fonds Microcrédit agricole Beauce-Sartigan. However, businesses subject to supply management regulations and part of collective marketing are ineligible. The eligible business must have its head office within the MRC of Beauce-Sartigan and the financed activities must also be carried out in this territory. Furthermore, the business must be less than 10 years old with an annual revenue not exceeding $250,000 and must comply with all applicable laws, standards, and regulations.
grant_eligibility_criteria|who_cannot_apply
This grant has specific restrictions designed to ensure the funds target eligible agricultural businesses within the designated area. Companies must meet certain criteria to access this funding.
- Companies involved in any form of production subject to supply management rules and part of a collective marketing system.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses essential for starting, diversifying, transforming, or developing agricultural projects.
- Purchase of equipment or animals.
- Consulting service fees.
- Costs related to planting or preparing land.
- Expenses associated with transformation, distribution, or marketing.
- Other related activities deemed acceptable by the Investment Committee.
grant_eligibility_criteria|zone
This grant is specifically available to agricultural companies with operations and headquarters located in the MRC de Beauce-Sartigan. This regional exclusivity supports local economic and agricultural development in Beauce-Sartigan.
- Companies based in the MRC de Beauce-Sartigan.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Ensure your business meets all eligibility criteria, including the type of agriculture activities, location within Beauce-Sartigan, age of the business, and revenue limits.
- Check that your project aligns with the eligible project categories such as startup, diversification, transformation, or development.
- Step 2: Prepare Financial Contribution
- Arrange for the minimum 20% personal financial contribution required for the project.
- Step 3: Gather Necessary Documentation
- Collect all necessary documentation including business registration details, proof of location, and financial statements.
- Prepare a detailed project plan highlighting the purpose, goals, and financial aspects of the project.
- Step 4: Contact the Fund Provider
- Reach out to the fund provider or the responsible committee for guidance on the application process and to obtain application forms.
- Step 5: Complete Application Form
- Fill out the application form with accurate and comprehensive information about your business and project.
- Step 6: Submit the Application
- Submit the completed application form along with all required documents to the fund provider by the deadline specified.
- Step 7: Confirmation of Submission
- Receive confirmation of receipt from the fund provider.
- Keep this confirmation for your records.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The loan is interest-free, which can significantly reduce the cost of financing for small agricultural businesses.
- The maximum loan amount of $10,000 means that projects should be planned to align with this cap.
- The potential for a repayment moratorium of up to 36 months allows for flexible cash flow management, particularly beneficial for new or expanding businesses.
- Borrowers must maintain a significant ownership stake in the business to continue qualifying for the loan, ensuring commitment to the business venture.
