Quebec Business Transfer Fund

• The applicant company must be a Quebec-based business, with its head office located in Quebec.
• The majority of company management and employees must reside in Quebec, and principal management and operational activities must be conducted in Quebec.
• All sectors are eligible except real estate and agricultural land acquisition.
• The project must involve a change of control in the company through a business transfer.
• The transaction must involve the direct or indirect participation of Investissement Québec or Fonds de solidarité FTQ as a lender or investor.

Who is eligible?

• Private or public corporations headquartered in Quebec
• Limited partnerships headquartered in Quebec
• Companies from all sectors except real estate
• Companies from all sectors except agricultural land acquisition

Who is not eligible

• Companies operating in the real estate sector.
• Businesses involved in transactions for the acquisition of agricultural land.

Eligible expenses

• Equity investments by the buyer (minimum $50,000) used as part of the business acquisition financing structure.
• Loan amounts provided for the acquisition of a Quebec-based business, including principal and interest expenses as per loan agreement conditions.

Eligible geographic areas

• Businesses located in Quebec

• The fund is supported by a total capital of $20 million, jointly provided by the Fonds du développement économique du Québec and the Fonds de solidarité FTQ.
• Transfer transactions may involve internal family succession, management buyouts, external private acquisitions, or strategic investor acquisitions.
• Beneficiaries receive access to expert guidance from seasoned partners to facilitate the business transfer process.
• The fund aims to ensure business continuity and promote collective economic growth in Quebec through successful business transfers.