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.
