
SADC Lac-St-Jean Ouest — Relève & transfert loan
Last Update: July 22, 2025
QC, Canada
Financing for business acquisition and ownership transition
At a glance
Eligible Funding
- Max. $150,000
- Up to 5% of project cost
Timeline
- Unspecified
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Funds Providers
Unspecified
Program status
Open
Overview
The SADC Lac-St-Jean Ouest — Relève & transfert loan program offers up to $150,000 to facilitate the acquisition of businesses undergoing transition or transfer. It aims to support business continuity and retention by providing advantageous financing conditions for acquiring a substantial share of an existing company.
Financing terms and conditions
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.
Activities funded
Examples of admissible projects:
$ 50,000
Develop a sustainable urban farming project in the community
$ 30,000
Launch a local artisan market to support small businesses
$ 100,000
Create a community wellness center focused on mental health
$ 150,000
Establish a renewable energy training facility
$ 45,000
Start a mobile tech repair service targeting rural areas
$ 75,000
Implement a youth coding and entrepreneurship program
Eligibility
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.
How to apply
1
Preparation of the project
- Evaluate your acquisition project to ensure it meets the minimum requirements, including the acquisition of 50% or more of the shares.
- Check that the down payment is at least 5% of the total project cost.
- Gather the essential financial and administrative information needed to compile your file.
2
Consultation with the SADC
- Contact the SADC Lac-St-Jean Ouest to discuss your project and get feedback on your eligibility.
- Arrange a meeting with an SADC advisor to discuss the terms and specific steps to follow.
3
Compilation of the required documents
- Gather financial, legal, and personal documents, including necessary guarantees.
- Prepare documents related to the target company, such as financial statements and sales contracts.
4
Submission of the application
- Fill out the application form provided by the SADC Lac-St-Jean Ouest.
- Submit the application accompanied by all required supporting documents directly to the SADC.
5
Follow-up on the request
- Receive confirmation of receipt of your request from the SADC.
- Be available to provide additional information or clarifications if required by the SADC.
Additional information
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.
Frequently Asked Questions about the SADC Lac-St-Jean Ouest — Relève & transfert loan Program
Here are answers to the most common questions about the SADC Lac-St-Jean Ouest — Relève & transfert loan. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the SADC Lac-St-Jean Ouest — Relève & transfert loan?
How much funding can be received?
What expenses are eligible under SADC Lac-St-Jean Ouest — Relève & transfert loan?
What is the deadline to apply?
Is the SADC Lac-St-Jean Ouest — Relève & transfert loan a grant, loan, or tax credit?
Who are the financial supporters of the SADC Lac-St-Jean Ouest — Relève & transfert loan?
Who is eligible for the SADC Lac-St-Jean Ouest — Relève & transfert loan program?
Who can I contact for more information about the SADC Lac-St-Jean Ouest — Relève & transfert loan?
Where is the SADC Lac-St-Jean Ouest — Relève & transfert loan available?
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