Closed

SADC Shawinigan — SADC Fund

Q: How much funding can be received?

SADC Shawinigan — SADC Fund Funds up to $300,000 of admissible expenses.

Q: What is the deadline to apply?

The application deadline for this grant program was December 15, 2023.

Q: Who is eligible for the SADC Shawinigan — SADC Fund program?

To be eligible for the SADC Shawinigan — SADC Fund program, you must: Entrepreneurs must propose a project that operates within the Shawinigan area. The business must demonstrate long-term economic viability. Applicants need to have consulted a financial institution and show market potential.

Q: What expenses are eligible under SADC Shawinigan — SADC Fund?

This fund provides financial assistance for projects focused on business acquisition, succession, startup, and growth within the Shawinigan area. Business acquisition projects aiming to take over existing businesses. Business succession planning and implementation initiatives. Startups launching new business ventures. Expansion projects for existing businesses seeking growth opportunities.

Q: Where is the SADC Shawinigan — SADC Fund available?

The SADC Shawinigan — SADC Fund program is available Mauricie, Quebec.

Q: Is the SADC Shawinigan — SADC Fund a grant, loan, or tax credit?

SADC Shawinigan — SADC Fund is a Loans and Capital investments

Last Update: March 3, 2026

Shawinigan, Quebec, Canada

SADC Fund provides financial loans for business projects

Loans and Capital investments

Overview

The SADC Fund offers financial assistance in the form of loans, with a maximum funding amount of $150,000, which can go up to $300,000 under certain conditions. The program aims to support entrepreneurs in acquisition, succession, startup, and business growth projects, specifically operating within the Shawinigan territory.

At a glance

Funding available

Financing goals

Buying or selling a company

Eligible Funding

Maximum amount : 300,000 $
Minimum amount : 5,000 $

Timeline

Open Date : December 1, 2023
Closing date : December 15, 2023

Eligible candidates

Eligible Industries

Retail trade

Location

Shawinigan
Mauricie
Quebec

Legal structures

For-profit business
Sole proprietorship

Annual revenue

All revenue ranges

Organisation size

All organization sizes

Audience

Rural or Northern Residents
Youth (<40)
Startups
Women

Activities funded

This fund provides financial assistance for projects focused on business acquisition, succession, startup, and growth within the Shawinigan area.

Business acquisition projects aiming to take over existing businesses.
Business succession planning and implementation initiatives.
Startups launching new business ventures.
Expansion projects for existing businesses seeking growth opportunities.

Eligibility

Eligibility for this grant is determined by specific requirements related to the proposed business project and its operations.

The project must be based in Shawinigan.
The business must demonstrate long-term economic viability.
The applicant must possess relevant knowledge and experience in the field of operation.
The applicant must have approached a financial institution.
The business must demonstrate the existence of a potential market.

Eligible geographic areas

This grant is specifically targeted at businesses operating within the Shawinigan region. Applicants must ensure their business operations are situated in this area to qualify.

Shawinigan

How to apply

Preparation of the request

Carefully read the aid guide for preparing the application.
Assess the long-term economic viability of the project.
Ensure relevant knowledge and experience in the project's field.
Demonstrate the existence of a potential market for your project.
Take preliminary steps with a financial institution.

Filling out the form

Access the online funding application form on the SADC website.
Complete all sections of the form with accurate and up-to-date information.

Submission of the request

Verify all information provided in the form.
Attach all required documents for analysis.
Submit the application online once complete.
Contact the SADC for any questions or necessary clarification.

Follow-up on the request

Receive a confirmation of receipt of your request.
Note the processing time based on the nature and amount of your request.
Prepare any additional documents or information if requested by SADC agents.

Additional information

Here are additional relevant details for this grant:

Financial assistance ranges from $5,000 to $150,000, and under certain conditions can reach up to $300,000.
For existing companies requesting $50,000 or less, accelerated processing may be available within two weeks under certain conditions.
For startup projects requesting more than $50,000, the processing timeframe is generally one month.
An online financing request form is available for applicants.
Applicants are encouraged to visit SADC Shawinigan's office or take advantage of their availability for meetings outside normal business hours, if needed.

Apply to this program

Frequently Asked Questions about the SADC Shawinigan — SADC Fund Program

Here are answers to the most common questions about the SADC Shawinigan — SADC Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.