How much funding can be received?

Funds up to 1000000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Quebec Business Transfer Fund?

Quebec Business Transfer Fund is funded by Centre de tranfer d'entreprise du Québec (CTEQ)

What are Quebec Business Transfer Fund's eligibility criterias?

The company must be a Quebec-based private or public corporation or limited partnership with its head office in Quebec. The majority of management and employees must be Quebec residents, and the main business activities must be conducted within Quebec. All sectors are eligible except real estate and agricultural land acquisitions.

Quebec Business Transfer Fund

grant_single|update April 5, 2025

QC, Canada

Loan for buyers in Quebec

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grant_single|openingDate July 28, 2022

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Expert Advice

Loans and Capital investments

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Centre de tranfer d'entreprise du Québec (CTEQ)

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Get specific business transfer funding to promote entrepreneurial growth and succession of existing businesses.

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This grant is specifically targeted at companies located within the province of Québec. Companies must have their primary operations, management, and employees stationed within this province to qualify.

Companies headquartered in Québec.
Enterprises with the majority of management residing in Québec.
Businesses conducting their primary activities within Québec.

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$ 266,666

Internal buyout of a family-run bookstore by next-generation family members

$ 366,666

Acquisition of a local art gallery by an art enthusiast

$ 666,666

Acquisition of a local bakery chain by a management team

$ 453,333

External buyout of a fitness center by a group of health enthusiasts

$ 1,000,000

Strategic acquisition of a logistics company by a group of investors

$ 500,000

Acquisition of an eco-friendly cleaning product manufacturer by a new entrepreneur

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Eligibility for the Fonds de transfert d’entreprise du Québec is determined by specific criteria related to the applicant's business profile and operational aspects.

The company must be a Quebec enterprise, defined as a corporation or limited partnership, private or public, with its head office in Quebec.
A majority of the management must reside in Quebec.
A majority of the company's employees must reside in Quebec.
The principal management and operational activities must be conducted in Quebec.
The enterprise must not operate within the real estate sector or engage in transactions involving the acquisition of agricultural land.

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Individuals, management companies of individuals, or the business being taken over are eligible to apply for this fund, under the condition that the transaction involves a change of control in a Quebec-based enterprise.

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This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.

Companies operating in the real estate sector.
Transactions involving the acquisition of agricultural land.

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This grant facilitates the transition and transfer of ownership for Quebec-based businesses. It aims to support entrepreneurial growth through financing and expert advice during business acquisitions.

Acquiring an existing business by an individual or group of individuals based in Quebec.
Facilitating the internal purchase of a business by family members or current executives.
Supporting external acquisitions of businesses by private individuals or groups.
Enabling strategic acquisitions by external investors to ensure business continuity.

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The information provided does not specify eligible expenses.

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A summary of evaluation and selection criteria applicable for this grant involves the eligibility of Quebecois enterprises and a mandatory participation of either Investissement Québec or the Fonds de solidarité FTQ. Additionally, specific financial commitments from the releveur are needed.

Only Quebecois enterprises are eligible, defined as those with headquarters, majority of management, employees, and operations based in Quebec.
No real estate or farmland transactions are allowed.
Participants must be individuals, their management company, or the relevant enterprise.
The transaction must involve a change in control within the enterprise.
Investissement Québec or Fonds de solidarité FTQ must participate in financing as either lenders or investors.
The releveur must commit to working full-time in the enterprise.
A minimum personal investment of $50,000 by the releveur is required.
The Quebec Transfer Business Fund provides a loan of two dollars for each dollar contributed by the releveur, subject to minimum and maximum limits.

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Here are additional relevant details for this grant:

The interest rate is based on Quebec bonds with a seven-year maturity, plus a 3.25% premium, with a minimum rate of 6.50%.
A maximum loan term of 84 months is applicable.
A capital repayment moratorium may be granted for up to 24 months, extendable to 36 months with a 0.50% interest rate increase.