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MRC Témiscamingue — Business Succession Loan
Financing for business succession in Témiscamingue
Last Update: April 9, 2026
Funding available
$ 5,000 - $ 150,000
Timeline
- Closing date : June 1, 2032
Location
Temiscaming, Abitibi-Témiscamingue, Quebec, Canada
Overview
This program offers business succession financing of up to $150,000 for companies located in Témiscamingue. It supports business transfers aimed at preserving local jobs and decision-making centres.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase production or service capacity
- Complete an acquisition or business transfer
- Start a business
Eligible Funding
- Maximum amount : 150,000 $
- Minimum amount : 5,000 $
Timeline
- Closing date : June 1, 2032
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Retail trade
- Other services (except public administration)
- Public administration
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
- Youth (<40)
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 succession and transfer projects.
- Acquisition of an existing business in Témiscamingue.
- Projects that help retain local jobs and decision-making centres.
Official resources
Eligibility
Who is eligible?
- Sole proprietorships
- Partnerships
- Companies
- Non-profit organizations
- Social economy organizations
Who is not eligible
- Retail or service businesses that would simply duplicate an existing local service.
- Residential real estate businesses.
- Businesses in sex, religion, politics, or liquor sectors.
Eligible expenses
- Business acquisition costs, including shares or parts of a company.
- Working capital related to the succession project.
- Term financing for the transfer of the business.
Ineligible Costs and Activities
- Starting a retail or service business where the same service already exists in the community, unless it does not take clients from an existing business.
- Residential real estate projects.
- Businesses related to sex, religion, politics, or liquor sales.
Eligible geographic areas
- Témiscamingue
Selection criteria
- Profitability of the project.
- Strength of the management team.
- Ability to repay the debt.
- Debt level.
- Value of guarantees and sureties.
- Job creation and retention.
Additional information
- Support services are available to help with business planning, financial forecasts, financing searches, and referrals to specialized resources.
- The program is available through the Société de développement du Témiscamingue.
- Opening fees are 1% of the loan amount, with a minimum of $100.
Frequently Asked Questions about the MRC Témiscamingue — Business Succession Loan Program
What is the MRC Témiscamingue — Business Succession Loan?
This program offers business succession financing of up to $150,000 for companies located in Témiscamingue. It supports business transfers aimed at preserving local jobs and decision-making 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:
Business located in Témiscamingue
Business transfer or acquisition project
Sufficient down payment or promoter involvement
What expenses are eligible under MRC Témiscamingue — Business Succession Loan?
Business succession and transfer projects.
Acquisition of an existing business in Témiscamingue.
Projects that help retain local jobs and decision-making 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