How much funding can be received?

Funds up to 50000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the SADC Shawinigan — Transfer Strategy Fund?

SADC Shawinigan — Transfer Strategy Fund is funded by SADC Shawinigan

What are SADC Shawinigan — Transfer Strategy Fund's eligibility criterias?

Propose a business transfer project operating in the Shawinigan area. Ensure the long-term economic viability of the business. Have less than 200 employees.

SADC Shawinigan — Transfer Strategy Fund

Shawinigan, QC

Business Transfer Fund offers loans for company ownership transitions

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Loans and Capital investments

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SADC Shawinigan

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The Fonds Stratégie Transfert offers financial assistance in the form of loans up to a maximum of $50,000 to support entrepreneurs in business transfer projects. Eligible activities must take place in Shawinigan and demonstrate long-term economic viability and a potential market.

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The SADC Shawinigan — Transfer Strategy Fund provides flexible financing options to aid entrepreneurs with business transfer projects. These options are designed to optimize financial support while accommodating the unique aspects of each project.

Loan amounts range from a minimum of $10,000 to a maximum of $50,000.
Interest-free period for the first two years of the loan term.
Principal repayment moratorium for the first three months.
Interest rates are set based on the Bank of Canada’s prime rate, with specific adjustments depending on the project.

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The eligibility criteria for the Fonds Stratégie Transfert are designed to ensure that applicants have a viable business plan and a strong presence in the Shawinigan area.

The project must involve a business transfer operation located in Shawinigan.
There must be a demonstration of long-term economic viability for the business.
The applicant should have relevant knowledge and experience in their field.
Applicants must have engaged in discussions with a financial institution.
A potential market for the business must be demonstrated.
The business must have fewer than 200 employees.

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This grant is targeted towards businesses conducting operations specifically in the Shawinigan area. The eligibility is based on geographical proximity to enhance local business continuity and support.

Businesses operating within Shawinigan, Quebec.

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Here are additional relevant details for this grant:

Interest holiday is offered for the first two years, with a capital repayment moratorium for the first three months.
The interest rate is based on the Bank of Canada's prime rate, with an additional margin determined by the project specificities.
An accelerated processing option is available for existing businesses requesting $50,000 or less, subject to certain conditions, generally within two weeks.