Réseau des SADC et CAE — Loans
QC, Canada
Loans for entrepreneurs in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateJune 17, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Retail trade
- Accommodation and food services
grant_single|grantors
- Réseau des SADC et CAE
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Access loans for acquisitions, start-up, modernization, expansion, innovation, sustainable development, business succession and more.
grant_single_labels|projects
This grant is tailored to businesses located within Quebec, as facilitated by the provincial SADC and CAE network. The focus is on fostering local economic development as defined by the Quebec region itself.
- Companies operating within the boundaries of Quebec.
- Businesses engaged in projects supported by regional SADCs and CAEs across Quebec.
grant_single|admissibleProjectsExample
$68,000
Vancouver
Expansion of a community arts center
$120,000
Edmonton
Modernization of an organic farm
$96,000
Toronto
Development of a sustainable food delivery service
$40,000
Ottawa
Business succession planning for a local bakery
$240,000
Calgary
Creation of a renewable energy cooperative
$160,000
Montreal
Start-up of a tech incubator focusing on AI innovations
grant_single_labels|admissibility
Eligibility for services offered by SADC and CAE is determined by certain criteria pertaining to the location and type of activities.
- The applicant must be located in Quebec, Canada.
- The project or business should contribute to local economic development.
- The applicant should be engaged in activities such as innovation, tourism, supporting women entrepreneurs, or sustainable development.
- The applicant may include youth entrepreneurship projects or business succession planning.
- Applicants seeking financing should focus on creating regional economic vitality and job creation.
- Youth Strategy Fund applicants must be between 18 and 39 years old.
grant_eligibility_criteria|who_can_apply
The SADCs and CAEs primarily focus on supporting local businesses and projects that contribute to the economic development of the regions of Quebec. They provide assistance to a wide range of beneficiaries, including women entrepreneurs, youth, Indigenous communities, and sectors like tourism, sustainability, and local downtown areas. To qualify for support, entities often need to align with the developmental goals of their respective communities and demonstrate a clear need for financial or technical assistance in overcoming local economic challenges.
grant_eligibility_criteria|eligible_expenses
The SADC and CAE network offers support across a broad range of projects focused on local economic development, sustainability, and community empowerment. Eligible projects encompass innovative solutions, tourism enhancement, support for women entrepreneurs, sustainable practices, and revitalization efforts.
- Support for local economic development projects and community empowerment initiatives.
- Implementation of innovative projects and integration of new technologies.
- Tourism promotion and support for tourism businesses and projects.
- Funding and support for women entrepreneurs and their business projects.
- Projects focusing on sustainable development and environmentally responsible practices.
- Initiatives to revitalize downtown areas and town cores.
- Growth-generating projects with Indigenous communities, including tourism and fishing industries.
- Projects promoting youth entrepreneurship and business succession.
- Technical assistance for business start-up, expansion, and transfer.
- Access to specialized funds and financing options, including youth strategy fund and specialized investment funds.
grant_eligibility_criteria|zone
The grant may cover expenses that are integral to the development and support of local economic and business initiatives across various sectors, particularly in promoting innovation and sustainable practices.
- Costs associated with developing and financing local projects.
- Expenses related to innovation and integration of new technologies.
- Promotion and support costs for tourism initiatives.
- Financial support directed towards women entrepreneurs and their projects.
- Implementation of sustainable development initiatives.
- Revitalization efforts for downtown areas and town cores.
- Support for business projects in Indigenous communities.
- Initiatives aimed at youth entrepreneurship and business succession.
- Technical assistance and consulting for new or expanding businesses.
- Finance and accounting services to aid business management.
- Human resources management solutions to attract and retain talent.
- Marketing, sales, and operational consulting services.
- Business start-up and expansion funding.
- Specialized investment and loan options for addressing local needs.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Identify Local SADC or CAE
- Determine the SADC or CAE serving your area by consulting the official network map or directory.
- Contact the identified SADC or CAE for initial consultation and guidance regarding your business needs and project idea.
- Step 2: Initial Consultation
- Engage in a preliminary meeting with SADC or CAE representatives to discuss your project's alignment with regional economic development goals.
- Gather insights on specific requirements and expectations for your application.
- Step 3: Application Preparation
- Draft a detailed project proposal outlining objectives, implementation timeline, and projected outcomes.
- Compile necessary documentation, including business plans, financial forecasts, and any supporting research or analysis.
- Step 4: Review and Feedback
- Submit your draft application for review by your local SADC or CAE to receive feedback and suggested improvements.
- Revise your application based on the feedback provided to strengthen your case for funding.
- Step 5: Final Application Submission
- Ensure all sections of the application are complete and accurate.
- Submit the finalized application through the preferred method (e.g., online portal, email, or mail) as directed by your SADC or CAE.
- Step 6: Application Acknowledgment
- Receive confirmation of submission from your SADC or CAE.
- Keep a record of your submission confirmation for future reference and follow-up.
grant_single_labels|otherInfo
Here are additional relevant details for applicants seeking support from SADCs and CAEs:
- SADCs and CAEs provide not only financial support but also technical assistance to ensure project success.
- They offer guidance in key business areas such as marketing, human resources, management, and operations.
- Access to a vast network of specialists and expertise is available for applicants.
- SADCs and CAEs focus on various sectors, including women entrepreneurship, youth entrepreneurship, tourism, and sustainable development.
- There is an emphasis on innovative projects and the integration of new technologies within the community.
- Support is tailored to meet the specific needs and challenges of local communities within Quebec.
- Income generated from funds is reinvested into local projects, promoting continuous economic growth.
- Specific funds, like the Youth Strategy Fund and Specialized Investment Fund, target unique community needs and demographics.
- There is a strong partnership and collaboration aspect, with many projects involving community and regional stakeholders actively.
Apply to this program
A Catalyst for Regional Economic Development in Quebec
The SADC and CAEs network in Quebec offers indispensable financial support and services for local economic development, empowering communities through a variety of initiatives. Serving as a backbone for community resilience, they provide technical support, business financing, and strategic guidance to foster innovation and sustainable growth across multiple sectors.
Detailed Insight into SADC and CAE's Role in Regional Economic Enhancement
The SADC (Société d'aide au développement des collectivités) and CAE (Centres d'aide aux entreprises) are integral to Quebec's economic framework, committed to bolstering regional development through a comprehensive range of services. Annually, they facilitate over 1,000 projects, delivering not only financial resources but also technical guidance critical for community empowerment and economic revitalization.
Positioned as catalysts for innovation, the SADC and CAEs focus on integrating new technologies to meet the unique challenges and demands faced by local businesses. This innovation-driven approach aids companies in maintaining competitive advantages while supporting local economies in adapting to dynamic market trends. Specific attention is given to the tourism sector, which is pivotal to Quebec's economic vitality, with efforts to navigate challenges exacerbated by the COVID-19 pandemic.
Recognizing the pivotal role women play in Quebec's economic landscape, the SADC and CAEs enthusiastically support women entrepreneurs, dedicating approximately 40% of their funds to empowering female-led business initiatives. This support underscores their commitment to understanding and addressing the distinct needs of women entrepreneurs, ensuring that the economic contribution of women is both acknowledged and fostered.
Sustainable development remains a cornerstone of their mission, as SADC and CAE professionals leverage vast expertise to assist businesses in adopting environmentally responsible practices, thereby enhancing long-term sustainability and resilience. Downtown revitalization projects are also prioritized, supporting urban centers as community hubs that drive socio-economic engagement and growth, ensuring towns remain attractive and vibrant post-pandemic.
With a keen focus on youth entrepreneurship, the network invests in programs that encourage young individuals to remain in or return to their regions, equipping them with the tools necessary for successful business ventures. This investment in youth not only fuels innovation but also secures future economic sustainability by fostering a new generation of entrepreneurs.
The SADC and CAEs extend their support to Indigenous communities, collaborating closely to realize potential growth opportunities in tourism and other key industries. This collaboration emphasizes mutual benefits and shared growth, recognizing the importance of inclusivity in regional economic strategies.
Broadening the scope of their support, the SADC and CAEs offer expansive technical assistance across areas such as information and communication technologies, accounting, human resources, marketing, and operational management. This holistic approach ensures businesses are not only financially equipped but also effectively managed to achieve comprehensive success.
Financing tailored to community-specific needs is a hallmark of the SADC and CAEs, with funds reinvested locally to perpetuate a cycle of growth and prosperity. This includes specialized investment funds and options like the Youth Strategy Fund, aimed at young entrepreneurs ready to launch their enterprises, reflecting a commitment to nurturing visionary business models that drive economic vitality.
In summary, the SADC and CAEs network is a pillar of support for Quebec's regional economies, propelling innovation, inclusivity, and sustainability. With over 400 professionals and 600 volunteers, their collective effort continues to empower businesses, foster community resilience, and build a robust economic future for Quebec's diverse regions.
