SADC Shawinigan — SADC Fund
Last Update: January 24, 2025
Shawinigan, QC
SADC Fund provides financial loans for business projects
SADC Shawinigan — SADC Fund at a glance
Eligible Funding
- From 5,000 to 300,000
Timeline
- Open Date : December 1, 2023
- Closing date : December 15, 2023
Financing Type
Loans and Capital investments
Eligible Industries
- Retail trade
Grant Providers
- SADC Shawinigan
Status
Closed
Overview of the SADC Shawinigan — SADC Fund program
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.
Financing terms and conditions
This grant provides financial support in the form of loans to entrepreneurs seeking to grow or initiate their business operations in Shawinigan. The available loan amounts are designed to accommodate various business project needs and conditions.
- Loan amounts ranging from $5,000 to $150,000, with potential for up to $300,000 under specific conditions.
- Accelerated processing available for existing businesses requesting $50,000 or less, typically within two weeks.
- Standard processing time of approximately one month for startup projects requesting more than $50,000.
Eligible projects & activities
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 criteria of the SADC Shawinigan — SADC Fund program
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 to the SADC Shawinigan — SADC Fund program
1
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.
2
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.
3
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.
4
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.