SADC Maria-Chapdelaine — Digital Strategy Loan
grant_single|update January 24, 2025
Canada
Digital Strategy Loan supports business digital transition efforts
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- SADC Maria-Chapdelaine
grant_single|status
grant_card_status|open
grant_single_labels|preview
The PRÊT STRATÉGIE NUMÉRIQUE offers funding ranging from $10,000 to a maximum of $50,000 to support businesses in their digital transition through activities such as implementing management systems, automating processes, incorporating robotics, home automation, and optimizing cybersecurity. The program aims to facilitate digital transformation for businesses with fewer than 200 employees located within SADC territories.
grant_single_labels|terms_and_conditions
This grant provides advantageous financing options to facilitate the digital transformation of businesses, covering a range of technologies and improvements. It features flexible terms aimed at supporting recipients' financial management and repayment capabilities.
- Loan amounts ranging from a minimum of CAD 10,000 to a maximum of CAD 50,000.
- Interest-free period for the first two years.
- Capital moratorium during the first three months with possible extension up to two years.
- Favourable interest rates determined according to the Bank of Canada's prime rate, adjusted based on the project and the guarantees provided.
- Maximum amortization period of 7 years.
grant_single_labels|projects
This loan supports the digital transition of businesses through various advanced technological implementations. The eligible projects aim at increasing efficiency and security by utilizing modern digital tools and systems.
- Implementation of management systems to streamline business operations.
- Automation of processes to enhance productivity and reduce manual labor.
- Integration of robotics to improve precision and efficiency in production.
- Adoption of smart home technologies (domotics) for optimal control and monitoring.
- Optimization of cybersecurity measures to protect data and infrastructure.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the company's location, size, and proposed project.
- The company must be located within the territory of its local SADC.
- The company must have fewer than 200 employees.
- The applicant must be 18 years of age or older.
- The proposed project must be in compliance with the policies of the SADC.
grant_eligibility_criteria|eligible_expenses
This loan program supports expenses that contribute to the digital transformation of businesses, including technology upgrades and security enhancements.
- Implementation of management systems.
- Automation of business processes.
- Adoption of robotics.
- Installation of home automation technologies (domotics).
- Optimization of cybersecurity measures.
grant_eligibility_criteria|zone
This grant targets businesses operating within the jurisdiction of the local SADC sector. Eligibility is confined to these regional boundaries to support localized economic development initiatives.
- Businesses located within the territory defined by their respective SADC in Canada.
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Here are additional relevant details for this grant:
- The loan's interest and amortization conditions may be subject to negotiation based on the specific circumstances of the project and the applicant's financial situation.
- Applicants are encouraged to consult with their local SADC office to discuss potential project eligibility and preparation before submitting a formal application.
- There is potential for obtaining advisory support from SADC throughout the loan application and implementation stages.
- Secondary financing options or matching funds may be required in conjunction with this loan to cover total project costs.
- Projects involving innovative digital solutions may be prioritized.
- Regular financial and progress updates may be needed to evaluate the ongoing viability of funded projects.