SADC Lac-St-Jean Ouest — Regular loan
Last Update: January 24, 2025
QC, Canada
Business funding for development, innovation, and job creation
SADC Lac-St-Jean Ouest — Regular loan at a glance
Eligible Funding
- Max. $150,000
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 — Regular loan program
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.
Financing 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.
Eligible projects & activities
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.
Examples of admissible projects:
$ 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
Eligibility criteria of the SADC Lac-St-Jean Ouest — Regular loan program
Who is eligible?
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.
Eligible geographic areas
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.
Additional information
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.