SADC Lac-St-Jean Ouest — Numeric loan
Last Update: January 24, 2025
QC, Canada
Supports digital transformation for increased business efficiency and growth
SADC Lac-St-Jean Ouest — Numeric loan at a glance
Eligible Funding
- Max. $25,000
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Retail trade
- Information and cultural industries
- Professional, scientific and technical services
Grant Providers
- SADC Lac-St-Jean Ouest
Status
Open
Overview of the SADC Lac-St-Jean Ouest — Numeric loan program
The SADC Lac-St-Jean Ouest Numeric loan provides up to $25,000 to support businesses in Domaine-du-Roy in embracing digital technologies for enhanced efficiency and business development. Eligible activities include digital tools adoption, e-commerce growth, cybersecurity projects, and other initiatives aimed at improving business performance.
Financing terms and conditions
This financing option provides support for businesses in the Domaine-du-Roy region to facilitate their digital transformation through advantageous loan terms. Designed to enhance operational effectiveness, these terms are tailored to meet the digital integration needs of qualifying projects.
- Maximum loan amount of $25,000.
- Interest rate pegged to the Bank of Canada's prime rate, with no additional markup.
- Loan period up to 3 years.
- Option for a 3-month principal repayment moratorium.
- Personalized support and thorough monitoring by SADC professionals throughout the loan term.
Eligible projects & activities
This loan facilitates the digital transformation of businesses within Domaine-du-Roy by supporting the integration and adoption of digital technologies. Eligible projects focus on enhancing efficiency, profitability, and business growth through various digital initiatives.
- Projects aimed at improving business efficiency or profitability through digital tools and practices.
- Initiatives focused on revenue growth via e-commerce and digital marketing.
- Projects related to cybersecurity enhancement.
- Other digital projects targeting business growth or efficiency improvement.
Eligibility criteria of the SADC Lac-St-Jean Ouest — Numeric loan program
Eligibility for the SADC Lac-St-Jean Ouest Numeric loan is based on specific project requirements aimed at enhancing digital integration and effectiveness.
- The project must focus on improving the company's efficiency and/or profitability through digital tools and practices.
- The project must aim to increase sales via e-commerce, digital marketing, or similar initiatives.
- The project can address cybersecurity needs.
- Other digital projects aimed at growth or efficiency improvement are eligible.
Who is eligible?
The Numeric loan offered by SADC Lac-St-Jean Ouest is aimed at businesses located in the Domaine-du-Roy region seeking to integrate digital technologies. The loan is designed to support projects that enhance efficiency or financial performance through digital tools, promote sales growth via e-commerce or digital marketing, improve cybersecurity, or any other digital initiatives aimed at growth or efficiency improvements.
Eligible expenses
The loan supports expenses aimed at improving efficiency, profitability, and growth through digital tools and practices.
- Adoption of digital tools for enhancing business efficiency and profitability.
- Expenses related to e-commerce and digital marketing initiatives geared towards sales growth.
- Costs associated with cybersecurity projects.
- Other digital projects focused on business efficiency enhancement or growth.
Eligible geographic areas
This funding opportunity is specifically aimed at businesses situated within a defined area, ensuring the alignment of regional economic development initiatives. The eligibility is therefore geographically restricted to stimulate the local economy.
- Companies located in the Domaine-du-Roy region.
How to apply to the SADC Lac-St-Jean Ouest — Numeric loan program
1
Initial assessment
- Examine the eligibility requirements to ensure that the project meets the Digital loan criteria.
- Identify the digital technologies or practices you wish to integrate into your business.
2
Preparation of the documentation
- Write a detailed description of the project including the objectives of digital transformation.
- Prepare the required financial documents such as the business plan, project budget, and company financial statements.
- Gather all necessary evidence to support the application, such as market studies or profitability analyses.
3
Contact with the SADC
- Make an appointment with a project manager from the SADC Lac-St-Jean Ouest to discuss your project and receive personalized advice.
- Request additional information about the application process if necessary.
4
Submission of the request
- Complete the application form provided by the SADC, including all the required information.
- Attach all supporting documents to the application.
- Send the completed application electronically or by mail to the address indicated by the SADC.
5
Confirmation and tracking
- Receive a confirmation of the receipt of your request by the SADC.
- Track the status of your request by contacting the SADC for updates.
Additional information
Here are additional relevant details for this grant:
- The interest rate for the loan is based on the prime rate of the Bank of Canada with a 0% increase, making it financially advantageous.
- There is a possibility of a repayment moratorium on the principal for the first three months, allowing initial breathing space for businesses.
- Comprehensive support and personalized follow-ups are provided by SADC professionals throughout the loan period to assist in business development.