
MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund
- Open continuously
Overview
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.
At a glance
Funding available
- Reduce environmental footprint
- Launch or market a product/service
- Maximum amount : 10,000 $
- Up to 80% of project cost
- Open continuously
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Beauce-Sartigan
- Chaudière-Appalaches
- Quebec
- For-profit business
- Sole proprietorship
- $ 250,000 maximum revenue
- All organization sizes
- Startups
Next steps
Activities funded
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.
Eligibility
Who is eligible?
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.
Who is not eligible
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.
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.
Eligible geographic areas
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.
Additional information
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.
Frequently Asked Questions about the MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund Program
What is the MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund?
How much funding can be received?
Who is eligible for the MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund program?
What expenses are eligible under MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund?
Where is the MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund available?
Is the MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund a grant, loan, or tax credit?
Who are the financial supporters of the MRC Beauce-Sartigan — Beauce-Sartigan Agricultural Microcredit Fund?
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