SADC Shawinigan — Green Strategy Fund
grant_single|update January 24, 2025
Shawinigan, QC
Green Strategy Fund supports sustainable business projects in Shawinigan
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
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- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Administrative and support, waste management and remediation services
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- SADC Shawinigan
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grant_card_status|open
grant_single_labels|preview
The Fonds Stratégie Verte offers financial assistance in the form of loans up to a maximum of $50,000 to support entrepreneurs with projects related to energy efficiency, waste management, greenhouse gas reduction, and other sustainable development initiatives. Eligible activities must focus on economic viability, sustainable practices, and must be based in Shawinigan.
grant_single_labels|terms_and_conditions
This grant offers structured financial support to entrepreneurs focusing on sustainable development projects within the Shawinigan area. The financing modalities are designed to facilitate the successful implementation and growth of environmentally responsible ventures.
- Loan amounts range from a minimum of $10,000 to a maximum of $50,000.
- Interest-free period for the first two years.
- Capital moratorium for the initial three months.
- Interest rates are based on the Bank of Canada's prime rate and adjusted according to the project specifics.
grant_single_labels|projects
The SADC Shawinigan—Green Strategy Fund supports projects that are aligned with ecological and sustainable initiatives. It aims to enhance energy efficiency and reduce environmental impact in various business operations.
- Projects focused on improving energy efficiency within business operations.
- Initiatives aimed at managing residual materials more effectively.
- Projects that work towards reducing greenhouse gas emissions.
- Development and implementation of sustainable business practices.
grant_single_labels|admissibility
Proposals for the fund "Fonds STRATÉGIE Verte" must meet the following eligibility criteria to be considered:
- The project must be related to sustainable development, such as energy efficiency, waste management, or greenhouse gas reduction.
- The business operations must take place in the Shawinigan area.
- The enterprise must demonstrate long-term economic viability.
- Applicants must have relevant knowledge and experience in their business sector.
- Applicants should have approached a financial institution as part of their funding process.
- There should be evidence of a potential market for the project.
- The business must have fewer than 200 employees.
grant_eligibility_criteria|zone
This grant is specifically available for companies whose operations take place within the territory of Shawinigan. Eligibility is defined by the geographical presence within this regional area.
- Businesses with operations in Shawinigan, Quebec.
grant_single_labels|apply
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Here are additional relevant details for this grant:
- The loan provides an interest-free period for the first two years, with a capital moratorium for the first three months.
- The interest rate is based on the Bank of Canada's prime rate, adjusted according to the project's specifics.
- For existing businesses requesting up to $50,000, there's a possibility of expedited processing within two weeks, subject to conditions.
- Processing timelines for startup projects are generally a month once all documents are received.
- A printable version of the online application form is available to review the requirements.
- Financial inquiries should first be made to a financial institution before applying.