How much funding can be received?

Funds up to 5% of admissible expenses, capped at $150000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the SADC Lac-St-Jean Ouest — Relève & transfert loan?

SADC Lac-St-Jean Ouest — Relève & transfert loan is funded by SADC Lac-St-Jean Ouest

What are SADC Lac-St-Jean Ouest — Relève & transfert loan's eligibility criterias?

The applicant must intend to acquire a business involved in a succession or transfer process. The acquisition must involve at least 50% of the business shares, or at least 25% for a gradual acquisition.

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

Last Update: July 22, 2025

QC, Canada

Financing for business acquisition and ownership transition

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

Grant Providers

SADC Lac-St-Jean Ouest

Program status

Open

Overview of the SADC Lac-St-Jean Ouest — Relève & transfert loan program

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.

Eligible projects & activities

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 criteria of the SADC Lac-St-Jean Ouest — Relève & transfert loan program

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 to the SADC Lac-St-Jean Ouest — Relève & transfert loan program

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.

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.

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.

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.

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.

Apply to this program