Sustainable Growth Investment — Growth Support Plus

• Participation request form for the Programme de financement / Programme Investissement Croissance Durable.
• Any other documents that may be required for the analysis of the request, depending on the nature of the project.

Who is eligible?

• Agricultural businesses.
• Agri-food businesses.
• Young entrepreneurs, as defined by the program.
• Businesses with short-term liquidity needs or financial difficulties, for volet 5, whether or not they are clients of FADQ financing.

Who is not eligible

• Businesses whose file is assigned to the Direction des comptes spéciaux de la société or to a recovery unit at another lender, for volet 5.
• Forestry businesses, for volet 5.

Eligible expenses

• Construction, renovation, or improvement of a building.
• Purchase of production equipment, including precision agriculture equipment, and non-self-propelled machinery.
• Initial purchase of perennial plants or breeding animals.
• Work to improve cultivated land, including drainage, corrective liming, recultivation of fallow land, and on-farm agri-environmental projects.

Ineligible Costs and Activities

• Loan consolidation and conversion of guaranteed loans; purchase of participations; and permanent working capital financing.
• Current operating expenses, including administrative fees and FADQ fees; sale taxes.
• Purchase of quotas; land, a house, existing buildings, or any transaction considered a farm purchase in whole or in part.
• Assets used mainly for non-agricultural purposes, including forestry equipment, snow removal equipment, contract work equipment, and administrative arrangements; investments outside Quebec.
• Self-propelled machinery, except equipment determined by the society; credit lease agreements; replacement of an asset with the same asset, negligence-related investment, annual maintenance, assets owned by related businesses, and assets resulting from a merger, split, or division.

• Expected impact on profitability.
• Market conditions.
• Experience and skills of the people involved.
• Technical feasibility.
• Compliance with laws, regulations, and applicable standards.

• Contact the team advisor at your service centre before starting the project to validate eligibility and potential savings.
• Complete the participation application form.
• Provide any other documents that may be required for the analysis of the financial request, depending on the nature of the project.

• The FADQ may share the documents and information required to process the request with the identified credit agencies, financial institution, and notary, and later with the same parties for loan management if applicable.
• The applicant authorizes financial institutions, credit agencies, ministries, organizations, and other persons or groups to provide the FADQ with the documents and information needed to process the request and manage the loan.
• If a forest loan is requested, the FADQ may also communicate the necessary documents and information to the ministère des Ressources naturelles et des Forêts and the Agence régionale de mise en valeur des forêts privées.
• The applicant must transmit annual financial data electronically through the FADQ secure Web platform, including financial statements on an exercise basis, within nine months of the financial year-end.
• Refusing consent may lead to rejection, and failing to provide the required information or documents may delay processing or result in refusal or default under the loan conditions.

• The program has been in force since June 17, 2022.
• Applications are paid twice a year.
• Applicants should contact a service centre before starting the project.
• Additional documents may be required depending on the project.