MRC Marguerite-D'Youville — Business Support Fund – Stream 4

The Business Support Fund – Stream 4 offers specific financing modalities aimed at aiding businesses in their strategic projects while coordinating with other funding mechanisms.

• The maximum grant amount is set at $10,000 and is calibrated to 10% of the loan granted by the MRC through its Local Investment Funds.
• Eligible expenses may include equipment or technology acquisition and other relevant expenditures as determined by the MRC, excluding support service costs.
• Financing cannot cover portions accounted for by other government programs, nor can it be used for pre-application expenses, debt repayment, R&D expenses, or sales taxes.
• For business succession or acquisition projects, eligible expenses may also include acquisition of voting shares, enterprise assets, and professional fees directly linked to the transaction.
• In the event of early loan repayment within the first two years, a prorated reimbursement of the grant will be required based on the elapsed time from loan disbursement to repayment.

Eligibility for this grant depends on fulfilling specific conditions concerning the company's profile and project alignment.

• The company must be capable of obtaining financing from the MRC via its Local Investment Funds and comply with all related criteria outlined in the Common Investment Policy.
• The requested expenditures have to align with priority intervention areas determined by the MRC.
• Expenses must be related to eligible categories like equipment or technology purchases, or working capital strictly tied to the project's execution.
• For business succession/acquisition, eligible expenses include buying voting shares or business assets and professional fees directly linked to the transaction.
• Expenditures cannot cover areas already financed by other government programs.
• Companies in the retail, restaurant sectors, or industries with excessive competition are not eligible.

Who is eligible?

The MRC Marguerite-D'Youville Business Support Fund – Stream 4 is designed for established businesses within the MRC Marguerite-D'Youville area. Eligible applicants must be companies that align their project with one of several prioritized intervention areas, including digital transformation, innovation, exportation, territorial attraction, sustainable development, business succession or acquisition, and productivity enhancement. Businesses seeking funding must be able to secure a loan through the MRC's local investment funds and comply with the investment policy criteria. Importantly, enterprises in the retail, restaurant sectors, or in highly competitive industries are ineligible for this fund.

Who is not eligible

This grant excludes certain businesses from eligibility based on their industry sector and competitive environment. The aim is to prioritize support for sectors that align with strategic regional objectives.

• Retail sector companies.
• Businesses in the restaurant industry.
• Companies or projects operating in highly competitive fields.

Eligible expenses

The grant funds eligible expenses that align with the priority intervention areas as defined by the MRC.

• Acquisition of equipment or technology.
• Working capital for businesses undertaking the project internally, limited to two years of operation and strictly related to the project's execution.
• Purchase of voting shares or business assets for business acquisition or succession.
• Professional fees directly related to the business transaction or acquisition, and the transition of business management.

Eligible geographic areas

This grant is available to businesses within the jurisdiction of the MRC of Marguerite-D'Youville. Eligible companies must operate in areas that align with the strategic objectives of this regional body.

• MRC Marguerite-D'Youville region

Here are additional relevant details for this grant:

• The subvention cannot be disbursed before the related loan from the MRC's local investment funds is granted.
• If the associated MRC loan is paid off within the first two years, the grant must be proportionally reimbursed based on the time elapsed.
• The applicant agrees to allow the SDE to publicly announce any support received if the application is successful.
• Submission of personal information in this application is mandatory, not optional.
• The signatory of this document must have the necessary authority to commit the company.
• The electronic signing of this application is considered equivalent to a traditional signature.