MRC Témiscamingue — Youth Assistance Loan

Q: How much funding can be received?

MRC Témiscamingue — Youth Assistance Loan Funds up to 150000% of admissible expenses.

Q: What is the deadline to apply?

The deadline to apply is 2025-06-30T23:59:59Z.

Q: Is the MRC Témiscamingue — Youth Assistance Loan a grant, loan, or tax credit?

MRC Témiscamingue — Youth Assistance Loan is a Loans and Capital investments

Q: Who are the financial supporters of the MRC Témiscamingue — Youth Assistance Loan?

MRC Témiscamingue — Youth Assistance Loan is funded by MRC Témiscamingue

Q: Who is eligible for the MRC Témiscamingue — Youth Assistance Loan program?

To be eligible for the MRC Témiscamingue — Youth Assistance Loan program, you must: • The applicant must be an enterprise with a sole proprietorship, partnership, company, or a social economy organization. • Financial participation from the promoter is strongly recommended. • Exclusions include starting a retail or service business where such services already exist in the community.

Q: Who can I contact for more information about the MRC Témiscamingue — Youth Assistance Loan?

You can contact MRC Témiscamingue.

Q: Where is the MRC Témiscamingue — Youth Assistance Loan available?

The MRC Témiscamingue — Youth Assistance Loan program is available the province of QC.

Q: Are youth (under 40) eligible for the MRC Témiscamingue — Youth Assistance Loan program?

Yes, youth under 40 are eligible to apply for the MRC Témiscamingue — Youth Assistance Loan program.

Last Update: July 22, 2025

Témiscamingue, QC

Personalized support for business projects and funding assistance

At a glance

Eligible Funding

From $5,000 to $150,000

Timeline

Open Date : January 1, 2025
Closing date : June 30, 2025

Financing Type

Loans and Capital investments

Eligible Industries

Agriculture, forestry, fishing and hunting
Manufacturing

Funds Providers

Unspecified

Program status

Open

Overview

The grant program offers a maximum funding amount of $150,000 to support business creation, expansion, or acquisition, aiming to foster job creation and maintain employment in the Témiscamingue region. Eligible activities include second and third transformation processes, primary agricultural, forestry, and business acquisition by young entrepreneurs aged 18 to 39.

Financing terms and conditions

This grant provides various financial assistance options to support young entrepreneurs between the ages of 18 and 39. The modalities are designed to facilitate the growth and succession of businesses in the Témiscamingue region.

Youth loans ranging from $5,000 to $25,000 to support young entrepreneurs.
Interest-free period for the first 24 months.
Loans carry an interest rate of the prime rate plus 2% annually following the interest-free period.
A maximum loan duration of 10 years.
Prêt à terme garanti and participatory loans are available.
The loan maximum is $20,000 per young entrepreneur, with a total limit of $40,000 per project if more than one young person is involved in the same venture.
Opportunity to acquire between 25% and 100% of an existing business within the region.
Additional local solidarity fund financing can offer up to $100,000 with a capital repayment moratorium up to 12 months.

Activities funded

This grant offers financial assistance and support for young entrepreneurs and businesses within the Témiscamingue region. Its aim is to foster business creation, expansion, and succession by providing accessible loans and expert guidance.

Personal loans for young entrepreneurs aged 18 to 39 years for business creation, acquisition, expansion, and consolidation.
Assistance for the transfer of businesses to encourage youth involvement and maintain employment.
Support for business owners to enhance financial planning and access additional funding sources.
Access to technical and financial support to stimulate entrepreneurship and job creation through business startup or expansion projects.
Funding for the acquisition of 25% to 100% of an existing business by young individuals.

Eligibility

Eligibility for this grant requires the company to meet certain criteria, ensuring alignment with the grant's objectives.

The applicant must be an enterprise under a sole proprietorship, partnership, corporation, non-profit organization, or social economy organization.
The business should be involved in priority sectors such as secondary and tertiary processing, primary production in agriculture or forestry.
Businesses related to residential real estate, sectors associated with sex, religion, politics, or liquor dispensing, and those that could displace existing services in the community are excluded.
The entrepreneur must ensure that the business startup does not lead to the displacement of customers from an existing business.

Who is eligible?

This grant targets the creation and retention of jobs through financial assistance to businesses, young entrepreneurs, and sectors prioritizing business succession and youth involvement in economic development.

Who is not eligible

This grant excludes certain companies and industries based on their status or main activities. These restrictions are designed to focus support on specific sectors and avoid market displacement.

Retail or service businesses initiating in a community where such a service already exists.
Residential real estate projects.
Sectors related to sex, religion, politics, or liquor distribution.

Eligible expenses

The grant program provides financial support to facilitate various eligible expenses associated with business projects.

Purchase of equipment, land, and buildings.
Working capital investments.
Costs related to the start-up, acquisition, expansion, or modernization of a business.
Acquisition of a minimum of 25% of an existing business.

Eligible geographic areas

This grant is targeted towards companies operating within the Témiscamingue region. The eligibility is designed to support local economic development and entrepreneurship.

Companies located within the MRC de Témiscamingue area.

Selection criteria

The evaluation and selection of projects for this grant are based on specific criteria that evaluate the financial and operational viability of the projects.

Rentability: projected revenues are sufficient to cover expenses and generate surpluses.
Management team: knowledge, experience, education, and networks.
Repayment capacity: the funds generated by the enterprise must demonstrate the ability to fully repay capital and interest on loans.
Debt ratio: ideally below 80%.
Value of collateral and guarantees.
Creation and maintenance of jobs.

How to apply

Preparation of the request

Identify the appropriate funding for your business (startup, acquisition, expansion, etc.).
Ensure that your project meets the priority criteria and is not included in the mentioned exclusions.
Collect the necessary documents such as the business plan and financial forecasts.

Contact with the organization

Contact the SADC of Témiscamingue to discuss your project and the eligibility criteria.
Seek advice on structuring your application file, if necessary.

Drafting the request

Fill out the application forms provided by the SADC.
Include a clear executive summary detailing the project and its local economic benefits.

Submission of the request

Submit your complete file to the SADC of Témiscamingue before the specified deadline (June 1, 2032).

Follow-up on the request

Wait for confirmation of receipt of your request by the organization.
Be ready to provide additional documents if required during the evaluation.

Additional information

Here are additional relevant details for this grant:

A preliminary business plan including financial projections may be required for loan applications.
There is a 24-month interest-free period following the first disbursement for specific loan options.
Youths can receive up to $25,000 individually and collectively up to $40,000 for joint projects.
Interest rates are tied to the Bank of Canada's base rates with additional premiums based on project risk.
The funding is designed to preserve local jobs and keep decision centers within the community.
There is an emphasis on projects that demonstrate the creation and maintenance of employment.
Financial assistance must be directed towards new ventures and cannot be used for existing debt repayment.
Organizational support and resource reference are available for applicants seeking additional guidance.

Apply to this program

Frequently Asked Questions about the MRC Témiscamingue — Youth Assistance Loan Program

Here are answers to the most common questions about the MRC Témiscamingue — Youth Assistance 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.