SADC Lac-St-Jean Ouest — Numeric loan
QC, Canada
Supports digital transformation for increased business efficiency and growth
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Retail trade
- Information and cultural industries
- Professional, scientific and technical services
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 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.
grant_single_labels|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.
grant_single_labels|projects
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.
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
grant_single_labels|apply
grant_single_labels|otherInfo
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.
Apply to this program
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