Contribution of capital to promotebusiness ^transfer1. Eligible and preferred projects are :

1. 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).
2. 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.