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Source verified July 9, 2026
MRC Témiscamingue — Business Succession Loan
Financing for business succession in Témiscamingue
Offered by
Funding available
$ 25,000 - $ 150,000
Deadline
June 1, 2032
Location
Temiscaming, Abitibi-Témiscamingue, Quebec, Canada
Overview
The Succession Loan provides $25,000 to $150,000 through the Société de développement du Témiscamingue for proprietorships, partnerships, companies, not-for-profit organizations, social economy organizations and sole proprietorships in Témiscamingue. It supports business transfers and the retention of regional jobs and decision centres.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
Eligible Funding
- Maximum amount : 150,000 $
- Minimum amount : 25,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Témiscamingue
- Temiscaming
- Abitibi-Témiscamingue
- Quebec
Legal structures
- Non-profit
- Sole proprietorship
- Public or Parapublic institution
- Social economy enterprise
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
Non-profit candidates
Sector of operation
- Economic, Social and Community Development
- Employment and Training
- Not Elsewhere Classified
Target groups
- Young adults
- Business owners / entrepreneurs
Revenue structures
- All structures
Scope
- Regional
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business transfer and succession projects.
- Projects that help retain regional jobs and decision centres.
Official resources
Eligibility
Who is eligible?
- Proprietorships and sole proprietorships.
- Partnerships.
- Companies.
- Not-for-profit organizations.
- Social economy organizations.
Who is not eligible
- Retail or service businesses where this type of business already exists in the community, unless the owner can show the new business will not simply draw customers away from an existing business.
- Retail businesses.
- Businesses in the sex, religion, or politics sectors.
Selection criteria
- Profitability.
- Ability to repay and debt level.
- Management team, ideally below 80%.
- Value of guarantees and security.
- Job creation.
Frequently Asked Questions about the MRC Témiscamingue — Business Succession Loan Program
What is the MRC Témiscamingue — Business Succession Loan?
The Succession Loan provides $25,000 to $150,000 through the Société de développement du Témiscamingue for proprietorships, partnerships, companies, not-for-profit organizations, social economy organizations and sole proprietorships in Témiscamingue. It supports business transfers and the retention of regional jobs and decision centres.
How much funding can be received?
MRC Témiscamingue — Business Succession Loan Funds up to $150,000 of admissible expenses.
Who is eligible for the MRC Témiscamingue — Business Succession Loan program?
To be eligible for the MRC Témiscamingue — Business Succession Loan program, you must:
The business must be located in Témiscamingue.
The project must involve business transfer or succession.
The applicant must be a proprietorship, partnership, company, not-for-profit organization, social economy organization, or sole proprietorship, with a down payment between 10% and 20%.
What expenses are eligible under MRC Témiscamingue — Business Succession Loan?
Business transfer and succession projects.
Projects that help retain regional jobs and decision centres.
Who can I contact for more information about the MRC Témiscamingue — Business Succession Loan?
You can contact MRC Témiscamingue (MRCT).
Where is the MRC Témiscamingue — Business Succession Loan available?
The MRC Témiscamingue — Business Succession Loan program is available Abitibi-Témiscamingue, Quebec.
Is the MRC Témiscamingue — Business Succession Loan a grant, loan, or tax credit?
MRC Témiscamingue — Business Succession Loan is a Loans and Capital investments