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SADC Lac-St-Jean Ouest — Regular loan
QC, Canada
Business funding for development, innovation, and job creation
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
- 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 Regular Loan provides funding of up to $150,000, with an exceptional extension to $300,000, to support business acquisition, modernization, startup, or relocation projects. This program aims to foster diversification, innovation, and employment growth in the MRC Domaine-du-Roy region.
grant_single_labels|terms_and_conditions
The Regular Loan from SADC Lac-St-Jean Ouest provides tailored financial assistance to support businesses in acquisition, modernization, initiation, or relocation projects. With a focus on promoting employment and economic growth, the terms offer flexibility and a personalized approach.
- Maximum loan amount of $150,000, with potential exceptions up to $300,000.
- Guaranteed loans with a maximum term of 10 years.
- Variable interest rates depending on assessed risk.
- Flexible and adaptable repayment conditions tailored to individual circumstances.
- Personalized support and thorough monitoring by SADC professionals throughout the loan duration.
grant_single_labels|projects
This funding opportunity assists businesses with their financial needs related to specific projects, particularly those encouraging growth and expansion. These activities emphasize acquisition, modernization, and strategic repositioning efforts.
- Projects focused on business acquisition opportunities.
- Initiatives aimed at the modernization of facilities and infrastructure.
- Efforts supporting the start-up phase of new businesses.
- Plans involving business relocation for strategic benefits.
grant_single|admissibleProjectsExample
$ 150,000
Launching a tech incubator to support local startups
$ 65,000
Creating an educational program for sustainable urban development
$ 100,000
Developing renewable energy solutions for local communities
$ 60,000
Launching an organic farm cooperative for sustainable agriculture
$ 90,000
Establishing a community arts center for local artists
$ 300,000
Building an eco-friendly tourism resort in a natural setting
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
The SADC Lac-St-Jean Ouest Regular Loan is intended for businesses in need of funding for projects such as acquisition, modernization, start-up, or relocation. Eligible entities include both existing and new companies seeking to develop and grow within the territory of the MRC Domaine-du-Roy. The financial aid encourages diversification, innovation, and employment growth through loans of up to $150,000, with the possibility of extending to $300,000 in exceptional cases.
grant_eligibility_criteria|zone
This grant is available to companies located in specific geographical areas determined by the funding body. The eligible locations are targeted to ensure alignment with regional development goals.
- MRC Domaine-du-Roy.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Personalized follow-up is provided to the business throughout the loan duration.
- The interest rate is variable, dependent on the level of risk associated with the loan.
- The loan amount typically caps at $150,000, though it may reach $300,000 in exceptional circumstances.
- Loan repayment terms are flexible and tailored to the specific needs of each borrower.
