Category Archives: Financial Support
Contribution of capital to thecompany1 to support the adoption of practices or technologies that facilitate the digitization of its activities.
The funding will be used to implement management systems (CRM, ERP), process automation, robotics, home automation and IT security optimization.
Financing offer :
- The amount of the Digital Strategy Fund loan can vary between $10,000 and $25,000. And it must be paired with a Conventional Fund loan of an equivalent amount (50%-50%);
- Loan2 to the company;
- Interest-free for 24 months;
- Capital leave for 3 months, extendable to a maximum of 24 months;
- Borrower's personal guarantee;
- Maximum amortization period of 84 months.
Basic criteria essential for processing a request :
- The company must operate in the designated territory of the Lac-Saint-Jean-Est MRC;
- The company must maintain or create jobs;
- The company must operate in priority and non-competitive sectors3 (see priority sectors).
- The company must have been in operation for at least 2 years;
- The application must be supported by a project plan;
- The project must be viable and profitable;
Priority sectors :
Primary sector :
- Agriculture :
In an effort to broaden the community's agricultural base, agricultural intervention priorities are focused on :
- traditional agriculture4 with distinct added value and/or marketing;
- non-traditional agriculture.
- Mining and natural resources :
This sector is prioritized indiscriminately, including granite, marble, peat, forestry and hydroelectricity.
Secondary sector :
- Processing and manufacturing plant.
Tertiary sector :
- Non-competitive or essential to a specific community.
Quaternary sector :
- Biotechnology;
- Software and systems design.
1: For non-profit organizations and cooperatives, their mission must be commercial, industrial or tourism-related.
2 : Cumulative maximum of $150,000 for all SADC funds in force, including a maximum of $50,000 in advantageous loans.
3: In order to enable companies to implement their digital strategy, the non-competition clause in contracts may not apply.
4 : Traditional agriculture is defined as follows: dairy farm, beef cattle farm, market garden, pig farm, poultry farm (eggs) and sheep farm.
Contribution of capital to thecompany1 to support the adoption of practices or technologies that facilitate the greening of its operations, by facilitating the adoption of eco-responsible practices or the implementation of clean technologies within companies.
Funding is to be used for activities such as optimizing the energy or waste efficiency of SMEs, or reducing their greenhouse gas emissions.
Financing offer :
- The amount of the Green Strategy Fund loan can vary between $10,000 and $25,000. It must be combined with a loan from the Conventional Fund for an equivalent amount (50%-50%);
- Loan2 to the company;
- Interest-free for 24 months;
- Capital leave for 3 months, extendable to a maximum of 24 months;
- Borrower's personal guarantee;
- Maximum amortization period of 84 months.
Basic criteria essential for processing a request :
- The company must operate in the designated territory of the Lac-Saint-Jean-Est MRC;
- The company must maintain or create jobs;
- The company must operate in priority and non-competitive sectors3 (see priority sectors).
- The company must have been in operation for at least 2 years;
- The application must be supported by a business plan;
- The project must be viable and profitable;
Priority sectors :
Primary sector :
- Agriculture :
In an effort to broaden the community's agricultural base, agricultural intervention priorities are focused on :
- traditional agriculture4 with distinct added value and/or marketing;
- non-traditional agriculture.
- Mining and natural resources :
This sector is prioritized indiscriminately, including granite, marble, peat, forestry and hydroelectricity.
Secondary sector :
- Processing and manufacturing plant.
Tertiary sector :
- Non-competitive or essential to a specific community.
Quaternary sector :
- Biotechnology;
- Software and systems design.
1 : For non-profit organizations and cooperatives, their mission must be commercial, industrial or tourism-related.
2 : Cumulative maximum of $150,000 for all SADC funds in force, including a maximum of $50,000 in advantageous loans.
3: In order to enable companies to facilitate their green transition, the non-competition clause in contracts may not apply.
4 : Traditional agriculture is defined as follows: dairy farm, beef cattle farm, market garden, pig farm, poultry farm (eggs) and sheep farm.
Contribution of capital to promotebusiness transfer1. Eligible and preferred projects are :
- The purchase of more than 50% (exception possible in the case of future majority acquisition prospects) of the shares of an operating company (family takeover, acquisition by management or employees, external acquisition).
- Acquiring the assets of an operating company.
Financing offer :
- The amount of the Transfer Strategy Fund loan can vary between $10,000 and $25,000. And it must be combined with a Conventional Fund loan of an equivalent amount (50%-50%);
- Loan2 to the company (or to a management company owned by the new shareholder);
- Interest-free for 24 months;
- Capital leave for 3 months, extendable to a maximum of 24 months;
- Borrower's personal guarantee;
- Maximum amortization period of 84 months.
Basic criteria essential for processing a request :
- The company must operate in the designated territory of the Lac-Saint-Jean-Est MRC;
- The company must maintain or create jobs;
- The company must operate in priority and non-competitive sectors3 (see priority sectors).
- The acquired company must have been in operation for at least 5 years;
- The application must be submitted to the Société d'aide au développement de la collectivité (SADC) Lac-Saint-Jean-Est during the transfer process;
- The application must be supported by a business plan;
- The project must be viable and profitable;
Priority sectors :
Primary sector :
- Agriculture :
In an effort to broaden the community's agricultural base, agricultural intervention priorities are focused on :
- traditional agriculture4 with distinct added value and/or marketing;
- non-traditional agriculture.
- Mining and natural resources :
This sector is prioritized indiscriminately, including granite, marble, peat, forestry and hydroelectricity.
Secondary sector :
- Processing and manufacturing plant.
Tertiary sector :
- Non-competitive or essential to a specific community.
Quaternary sector :
- Biotechnology;
- Software and systems design.
1 : NPO and cooperative not eligible.
2 : Cumulative maximum of $150,000 for all SADC funds in force, including a maximum of $50,000 in advantageous loans.
3: To address the problem of the exodus of young people and the need for young people to take over businesses, the non-competition clause could be waived for business buyouts.
4 : Traditional agriculture is defined as follows: dairy farm, beef cattle farm, market garden, pig farm, poultry farm (eggs) and sheep farm.
Contribution of capital to one or two individuals between the ages of 18 and 39 to help start, acquire, modernize or expand a business1 .
Financing offer :
- Personal loans to individuals :
- Ranging from $5,000 to $15,000 for business start-ups, modernizations and expansions;
- Varying between $5,000 and $25,000 exclusively for business acquisition, convertible into a SADC succession and continuity loan.
- Interest vacation for 24 months and possibility of capital vacation for the same period;
- Maximum amortization period of 84 months.
Basic criteria essential for processing a request :
- The company must operate in the designated territory of the Lac-Saint-Jean-Est MRC;
- The individual must be between the ages of 18 and 39 inclusively;
- The individual must be the majority owner of the company, or have control over it through a shareholder agreement;
- The individual must enjoy decision-making power alone or jointly with other entrepreneurs;
- The company must operate in prioritized, non-competitive sectors. non-competitive2 (see priority sectors);
- The application must be supported by a business plan;
- The project must be viable and profitable;
- The individual must create his or her own job, or help to maintain or create new jobs;
- The individual must demonstrate strong personal commitment and coaching skills;
Priority sectors :
Primary sector :
- Agriculture :
In an effort to broaden the community's agricultural base, agricultural intervention priorities are focused on :
- traditional traditional3 with distinct added value and/or marketing;
- non-traditional agriculture.
- Mining and natural resources :
This sector is prioritized indiscriminately, including granite, marble, peat, forestry and hydroelectricity.
Secondary sector :
- Processing and manufacturing plant.
Tertiary sector :
- Non-competitive or essential to a specific community.
Quaternary sector :
- Biotechnology;
- Software and systems design.
1 : NPO and cooperative not eligible.
2 : In order to address the problem of the exodus of young people and the need for young people to take over businesses, the non-competition clause could be waived for company takeovers.
3 : Traditional agriculture is defined as follows: dairy farm, beef cattle farm, market garden, pig farm, poultry farm (eggs) and sheep farm.
Contribution of capital to an individual(s) to promote the purchase of share capital in a company1 whether or not he/she is present at the time of the request, in order to ensure the succession or long-term continuity of the company's operations. Emphasis is placed on the expertise of the individual(s).
Financing offer :
- The total amount of the personal loan(s) may not exceed $150,000 for the new shareholder(s);
- Personal loans;
- Maximum amortization period of 180 months.
Basic criteria essential for processing a request :
- The company must operate within the designated territory of the Lac-Saint-Jean-Est MRC;
- The company must maintain or create jobs;
- The company must operate in non-competitive sectors2;
- The company must have been in operation for at least 5 years;
- The company must be financially sound to ensure its long-term viability, and have a vision for its future development;
- The application must be submitted to the Société d'aide au développement de la collectivité (SADC) Lac-Saint-Jean-Est during the succession transition process;
- The company must demonstrate that its request is well-founded, i.e. that of incorporating an individual(s) into its shareholder base for the purpose of using the individual(s) to ensure succession or continuity of operations.
Priority sectors :
Primary sector :
- Agriculture :
In an effort to broaden the community's agricultural base, agricultural intervention priorities are focused on :
- traditional agriculture3 with distinct added value and/or marketing;
- non-traditional agriculture.
- Mining and natural resources :
This sector is prioritized indiscriminately, including granite, marble, peat, forestry and hydroelectricity.
Secondary sector :
- Processing and manufacturing plant.
Tertiary sector :
- Non-competitive or essential to a specific community.
Quaternary sector :
- Biotechnology;
- Software and systems design.
1 : NPO and cooperative not eligible.
2 : In order to address the problem of the exodus of young people and the need for new entrepreneurs, the non-competition clause could be waived for takeovers of existing businesses in areas of market competition.
3 : Traditional agriculture is defined as follows: dairy farm, beef cattle farm, market garden, pig farm, poultry farm (eggs) and sheep farm.
Contribution of capital to thecompany1 to promote the expansion and stabilization of businesses and jobs. Possibility of term, equity and debenture loans.
Financing offer :
- Financing from $5,000 to $150,000;
- Maximum amortization period of 120 months.
Essential criteria for processing a request :
- The company must operate in the Lac-Saint-Jean-Est MRC territory;
- The company must maintain or create jobs;
- The company must have been in operation for at least 12 months;
- The promoter must make a downpayment deemed satisfactory by the Société d'aide au développement de la collectivité (SADC) Lac-Saint-Jean-Est;
- The project must be financed by three parties: the promoter(s), the financial institution and the Société d'aide au développement de la collectivité (SADC) Lac-Saint-Jean-Est;
- The company must operate in non-competitive2 and priority sectors (see priority sectors).
Priority sectors :
Primary sector :
- Agriculture :
In an effort to broaden the community's agricultural base, agricultural intervention priorities are focused on :
- traditional agriculture3with distinct added value and/or marketing;
- non-traditional agriculture.
- Mining and natural resources :
This sector is prioritized indiscriminately, including granite, marble, peat, forestry and hydroelectricity.
Secondary sector :
- Processing and manufacturing plant
Tertiary sector :
- Non-competitive or essential to a specific community.
Quaternary sector :
- Biotechnology;
- Software and systems design.
1 : For non-profit organizations and cooperatives, their mission must be commercial, industrial or tourism-related.
2 : In order to address the issue of entrepreneurial succession, the market non-competition clause could be waived for company takeovers.
3 : Traditional agriculture is defined as follows: dairy farm, beef cattle farm, market garden, pig farm, poultry farm (eggs) and sheep farm.