MRC Témiscamingue — Local Investment Fund Loan
Témiscamingue, QC, Canada
Personalized business support and flexible financial assistance
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
Expert Advice
grant_single|eligibleIndustries
- Health care and social assistance
- Arts, entertainment and recreation
- Accommodation and food services
grant_single|grantors
- MRC Témiscamingue
grant_single|status
grant_card_status|open
grant_single_labels|preview
The grant program offers flexible and accessible financial assistance with a maximum amount of $150,000 for starting, acquiring, expanding, or consolidating a business. Eligible activities include business startup, expansion projects, and the gradual acquisition of existing businesses by young entrepreneurs aged 18 to 39.
grant_single_labels|projects
This grant supports a range of projects aimed at enhancing local economic development and supporting entrepreneurship. The eligible activities include business transfers, youth entrepreneurship, and strategic projects to stimulate the economy.
- Business plan development and financial forecasting.
- Financial assistance for business start-up, acquisition, expansion, or modernization.
- Youth entrepreneurship support with personal loans for entrepreneurs aged 18 to 39.
- Business succession planning to maintain employment through business transfers.
- Local investment initiatives to boost entrepreneurship and job creation.
- Support for projects like Raid Témiscamingue and Coop de l'Arrière-Pays.
- Strategic planning and digital transformation projects.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific financial needs and business goals of the entrepreneur or organization.
- The applicant must be an entrepreneur or involved in a business that is in the startup, acquisition, expansion, or consolidation phase.
- For the Youth Strategy Loan, the applicant must be a young entrepreneur aged between 18 and 39.
- For the Youth Aid Loan, the applicant must be a young individual aged between 18 and 39 looking to gradually take over an existing business.
grant_eligibility_criteria|who_can_apply
This grant opportunity is available for entrepreneurs and businesses seeking financial assistance for business start-up, acquisition, expansion, or consolidation. Eligible applicants include:- Entrepreneurs needing help with business planning or financial forecasts.- Individuals or businesses looking for investments for start-up or expansion.- Young entrepreneurs aged 18 to 39 for specific youth-targeted loans.- Businesses undergoing ownership transition to retain jobs.- Local projects that contribute to economic development.The schemes are specifically tailored to different needs: from general business investments and youth-specific support to initiatives aimed at maintaining employment through business transfers. Various funds like Créavenir - Desjardins, Fonds séduction tourisme, and Fonds TA PME are also available to complement existing financial support programs.
grant_eligibility_criteria|eligible_expenses
The grant covers expenses related to business development, entrepreneurship stimulation, and business succession.
- Financial support for business start-up, acquisition, expansion, or modernization.
- Funding for youth entrepreneurs to acquire a portion of an existing business.
- Expenses related to transferring a business to maintain employment.
grant_eligibility_criteria|zone
The grant program appears to be associated with local economic development initiatives, specifically aimed at supporting businesses and projects in the Témiscamingue region. Therefore, eligibility is likely tied to companies operating within or planning to contribute to this local area.
- Businesses located in the Témiscamingue region.
grant_single_labels|criteria
The evaluation and selection of projects for this grant require detailed criteria to ensure strategic alignment but specific criteria are not detailed in the provided context.
grant_single_labels|register
- Step 1: Gather Necessary Documentation
- Prepare a comprehensive business plan outlining your business objectives.
- Develop detailed financial forecasts and projections.
- Identify potential financing and grant opportunities applicable to your business needs.
- Step 2: Seek Advisory Assistance
- Contact the grant provider's advisory team for personalized guidance tailored to your business goals.
- Utilize available consulting services to enhance your application.
- Get references to specialized resources that may assist in strengthening your application.
- Step 3: Complete Grant Application Form
- Fill out the application form with accurate and detailed information.
- Ensure all required fields are completed and all documents are attached.
- Step 4: Submit Application
- Submit your complete application through the specified submission portal or address provided by the grant provider.
- Keep a copy of your submission for reference and tracking purposes.
- Step 5: Follow Up
- Monitor communications for any updates or additional information requests from the grant provider.
- Respond promptly to any queries to ensure smooth processing of your application.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Various financial aid options are available depending on the nature of the entrepreneurial project, such as starting, acquiring, expanding, or modernizing a business.
- Specific funds like Créavenir - Desjardins, Fonds séduction tourisme, and Fonds TA PME provide complementary financing options.
- Local economic development initiatives are supported by the Société de développement and the SADC du Témiscamingue, acting as initiators, partners, and supporters of local projects.
Apply to this program
Personalized Support and Flexible Financing for Business Success
This grant offers tailored support services and flexible financial aid designed to help start, acquire, expand, or consolidate businesses. It focuses on increasing the success rate of business projects through expert consultation and resource referral.
Detailed Overview of Grant Benefits and Services
This grant is structured to provide both financial assistance and expert guidance, ensuring businesses can effectively navigate the challenges of starting, expanding, or modernizing their operations. It offers access to financial products such as the Investment Fund Loan, Youth Strategy Loan, and Business Succession Loan, with amounts ranging from $5,000 to $150,000. Each financial product is designed to meet specific needs, such as supporting young entrepreneurs aged 18 to 39 through personal loans, or aiding in business succession to preserve local employment.
A significant focus of this grant is to provide entrepreneurs with not only the financial backing but also strategic business planning, tailored financial forecasting, and access to specialized resources. By leveraging these services, businesses can enhance their operational efficiency and strategic positioning in the competitive market.
The interconnected elements of financial support and personalized consulting aim to foster a robust entrepreneurial ecosystem. This holistic approach ensures businesses can align their plans with market demands, optimize their financial strategies, and facilitate resource acquisition. By receiving guidance on business plan development and financial forecasting, entrepreneurs can make more informed decisions and tailor their projects to available funding opportunities and market trends.
Furthermore, the grant emphasizes the importance of local economic development by supporting initiatives that drive regional growth and sustainability. Through strategic partnerships and initiatives like local tourism funds or technological transformation projects, it helps energize economic sectors and stimulate job creation.
This initiative also includes practical support for structural projects with impactful economic benefits, such as the digital transformation of businesses or the strategic development of adventure tourism. By investing in these areas, the grant seeks to build resilient enterprises that can adapt to changing economic conditions and consumer preferences.
Finally, the framework of this financial support is flexible enough to cater to various business life stages—from initial startup phases to full business acquisition or succession. This ensures sustained business health and longevity, promoting long-term community benefits through job preservation and creation. Overall, the grant seeks to empower entrepreneurs by providing them with the resources and knowledge they need to succeed, contributing to a vibrant and thriving local economy.
