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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
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
- Social economy enterprise
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.
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
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.
Contacts
Frequently Asked Questions about the MRC Témiscamingue — Business Succession Loan Program
Here are answers to the most common questions about the MRC Témiscamingue — Business Succession Loan. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
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 by email at none or by phone at none.
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