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SADC Lac-St-Jean Ouest — Loan The Developer
QC, Canada
Financing available for business development and job growth
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- SADC Lac-St-Jean Ouest
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|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.
grant_single_labels|projects
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.
grant_single|admissibleProjectsExample
$ 9,000
Organize an annual film festival showcasing local filmmakers
$ 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
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|zone
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.
grant_single_labels|register
Here are the steps to apply for the SADC Lac-St-Jean Ouest — Loan The Developer:
- Step 1: Initial Inquiry and Eligibility Check
- Contact SADC Lac-St-Jean Ouest to discuss your project and ensure it aligns with the loan's objectives.
- Verify your eligibility criteria with SADC's information resources.
- Step 2: Document Preparation
- Prepare a comprehensive business plan including financial projections and development goals.
- Collect relevant supporting documents such as financial statements, management resumes, and a project timeline.
- Ensure all documentation aligns with SADC's submission guidelines.
- Step 3: Application Submission
- Submit your application package directly to SADC Lac-St-Jean Ouest via their designated method, whether online or by mail.
- Include all required documents and forms as per SADC's checklist.
- Step 4: Application Review and Follow-up
- Await feedback from SADC Lac-St-Jean Ouest regarding your application status.
- Be prepared to provide additional information or clarification if requested by the evaluation committee.
- Step 5: Receive Loan and Personalized Support
- Upon approval, agree to the loan terms and conditions presented by SADC.
- Begin receiving personalized assistance and monitoring from SADC professionals for the duration of the loan.
grant_single_labels|otherInfo
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.
