MRC Beauce-Sartigan — Community Credit Fund (CCF)
Last Update: January 24, 2025
QC, Canada
Community Fund aids those ineligible for traditional credit
MRC Beauce-Sartigan — Community Credit Fund (CCF) at a glance
Eligible Funding
- Max. $3,000
- Up to 2% of project cost
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- MRC Beauce-Sartigan
Status
Open
Overview of the MRC Beauce-Sartigan — Community Credit Fund (CCF) program
The Community Credit Fund aims to support individuals unable to access traditional credit in starting or expanding a business, offering a maximum loan of $3,000. Eligible applicants must be committed to full-time work in their business and have relevant expertise or training.
Financing terms and conditions
The MRC Beauce-Sartigan Community Credit Fund (CCF) provides financial assistance with specific terms to support individuals who are unable to access traditional credit sources for launching their business projects. These financing modalities ensure accessible and affordable options for eligible participants.
- A maximum loan amount of $3,000 is offered.
- The interest rate is set at 2%.
- The amortization period extends up to a maximum of 5 years.
Eligibility criteria of the MRC Beauce-Sartigan — Community Credit Fund (CCF) program
Eligibility for this grant is determined by specific requirements related to the applicant's profile and capacity to operate the proposed business full-time.
- The applicant must be at least 18 years old.
- The applicant must possess expertise or training relevant to the business project.
- The applicant must commit to working full-time in the business, defined as a minimum of 35 hours per week.
- The applicant must not be eligible for traditional credit to start the business.
Who is eligible?
To be eligible for the Community Credit Fund, applicants must be at least 18 years old, possess relevant expertise or training for their project, be committed to working full-time in their business (minimum 35 hours per week), and not qualify for traditional credit for starting their business.
How to apply to the MRC Beauce-Sartigan — Community Credit Fund (CCF) program
1
Preliminary Consultation
- Contact a counselor from the Economic Council of Beauce at 418 228-8123 for additional information about the program and specific conditions.
- Confirm the project's eligibility before proceeding with the application.
2
Preparation of the request
- Gather the necessary documents such as proof of expertise or relevant training for the project.
- Prepare a detailed business plan showing how the project will be successfully carried out and justifying the need for funding.
3
Submission of the request
- Fill out the application form provided by the Beauce Economic Council.
- Submit all required documents as per the advisor's instructions, potentially by email or in person.
4
Confirmation of receipt
- Receive confirmation of receipt of the request from the Economic Council of Beauce.
- Follow any additional instructions provided by the advisor, if applicable.
Additional information
Here are additional relevant details for this financial programme:
- Potential applicants should consult with a counselor at the Conseil économique de Beauce for personalized guidance before applying.
- Final loan conditions may be subject to further negotiation or adjustments in discussion with the Conseil économique de Beauce.