SADC Shawinigan — Transfer Strategy Fund

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.

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.

Eligible geographic areas

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.

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.