SADC Lac-St-Jean Ouest — Relève & transfert loan

The SADC Lac-St-Jean Ouest – Relève & transfert loan offers advantageous financing terms to support the acquisition of businesses undergoing succession or transfer. This initiative is structured to encourage the retention and continuity of existing enterprises in the region.

• Maximum loan amount of $150,000 per business involved in the transfer.
• Loan duration of up to 10 years, secured by a personal guarantee.
• Requirement to acquire 50% or more of the business shares.
• Favourable interest rates.
• Possibility of a 12-month moratorium on principal repayment.
• Minimum personal equity investment of at least 5% of the total acquisition cost.
• Progressive acquisition with a minimum of 25% of shares may be eligible.

Eligibility for the SADC Lac-St-Jean Ouest — Relève & transfert loan is determined by specific conditions related to the business acquisition process.

• The purchaser must acquire 50% or more of the business shares.
• A minimum personal contribution of 5% of the total acquisition project cost is required from the purchaser.
• A progressive acquisition with at least 25% of the business shares may qualify.

Who is eligible?

This grant is targeted at individuals acquiring a business in the process of succession or transfer. Applicants must be acquiring at least 50% of the business shares, or a minimum of 25% if it's a progressive acquisition. Additionally, the purchaser must provide a personal guarantee and contribute at least 5% of the total acquisition cost.

Here are additional relevant details for this loan:

• The loan must be secured by a personal guarantee.
• A minimum down payment of 5% of the total acquisition cost is required from the acquirer.
• A moratorium of up to twelve months on principal repayment is available.
• An option for a gradual acquisition, starting with a minimum of 25% of business shares, may be eligible.
• Personalized support and rigorous monitoring by SADC professionals are provided throughout the loan term.