SADC Lac-St-Jean Ouest — Loan The Developer
Last Update: March 27, 2025
QC, Canada
Financing available for business development and job growth
SADC Lac-St-Jean Ouest — Loan The Developer at a glance
Eligible Funding
- Max. $300,000
- Up to 2% of project cost
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- SADC Lac-St-Jean Ouest
Status
Open
Overview of the SADC Lac-St-Jean Ouest — Loan The Developer program
The SADC Lac-St-Jean Ouest Loan "The Developer" offers up to $150,000, aiming to support business development, innovation, and job creation within the Domaine-du-Roy area. It encourages diversification by providing favorable loan conditions for eligible enterprises engaged in growth projects.
Financing terms and conditions
"Loan The Developer" offers advantageous financing terms designed to support development projects and stimulate growth in the Domaine-du-Roy region. It targets businesses that are influential in job creation and maintenance through their solid financial management and sector impact.
- Maximum loan amount of $150,000, which can be increased to $300,000 under certain conditions.
- Loan duration of up to 10 years.
- Eligible for a principal moratorium for the first 6 months.
- Interest rate based on the Bank of Canada's prime rate, plus 2%.
- No collateral or personal guarantee required.
Eligible projects & activities
This funding opportunity primarily supports business development, innovation, and employment growth in the MRC Domaine-du-Roy area. It targets projects that enhance organizational capacity and contribute to the local economic ecosystem's expansion.
- Projects that promote business development and organizational growth.
- Initiatives that foster innovation and diversification within local industries.
- Endeavors that aim to maintain and create employment opportunities.
- Plans that encourage economic expansion and territorial growth.
Examples of admissible projects:
$ 6,000
Develop an educational program on sustainable agriculture techniques
$ 7,500
Implement a new digital marketing strategy for local art
$ 5,000
Create a youth mentorship program in performing arts
$ 11,000
Launch a local food co-op to support sustainable farming
$ 10,000
Launch an online platform for Canadian artisan products
$ 9,000
Organize an annual film festival showcasing local filmmakers
Eligibility criteria of the SADC Lac-St-Jean Ouest — Loan The Developer program
Eligibility for this loan is determined by specific criteria related to the company's profile and its contribution to the local economy.
- The company must be located within the territory of the MRC Domaine-du-Roy.
- The company should contribute to job creation, maintenance, or development in the region.
- A strong financial management and business model that promotes growth and innovation is necessary.
- The business sector must play a significant role in supporting regional economic development.
Who is eligible?
This loan is designed for business leaders within the Domaine-du-Roy territory who significantly contribute to job creation and retention, and have strong management qualities and financial stability. Eligible applicants include businesses that demonstrate a commitment to development, diversification, innovation, and territory growth.
Eligible geographic areas
This funding opportunity is aimed at companies that are contributing to development within a particular territorial jurisdiction. The loan targets businesses operating in areas aligned with the SADC’s mission to foster growth.
- Businesses located in the Domaine-du-Roy territory.
How to apply to the SADC Lac-St-Jean Ouest — Loan The Developer program
1
Initial request and eligibility verification
- Contact SADC Lac-St-Jean Ouest to discuss your project and ensure that it aligns with the loan objectives.
- Check your eligibility criteria with the information resources of the SADC.
2
Preparation of documents
- Prepare a comprehensive business plan including financial projections and development goals.
- Gather relevant supporting documents such as financial statements, management CVs, and a project timeline.
- Ensure that all documentation complies with the submission guidelines of the CED.
3
Submission of the application
- Submit your application file directly to SADC Lac-St-Jean Ouest using the designated method, whether online or by mail.
- Include all required documents and forms according to the SADC checklist.
4
Review of the request and follow-up
- Wait for feedback from SADC Lac-St-Jean Ouest regarding the status of your application.
- Be prepared to provide additional information or clarification if requested by the evaluation committee.
5
Receive the loan and personalized support
- After approval, accept the terms and conditions of the loan presented by the SADC.
- Start receiving personalized assistance and follow-up from SADC professionals for the entire duration of the loan.
Additional information
Here are additional relevant details for this grant:
- The loan "Le développeur" does not require personal guarantees or collateral.
- An interest rate is calculated based on the Bank of Canada's base rate, augmented by 2%.
- A moratorium on the principal is available for the first six months of the loan.
- Personalized support and rigorous follow-up will be provided by SADC professionals throughout the loan duration.