Fonds Locaux: Volet Relève (Local Funds: Succession)
$100,000.00
Loan
Description:
This fund aims to support the transfer of ownership and the preparation of the succession of businesses in the MRC de Beauce-Sartigan.
Comments on Funding:
Loan up to 20% of project cost, maximum $100,000 for manufacturing businesses; while up to $50,000 for trade and service project.
Continuous Intake
Eligibility:
Applicants must:
1. be businesses transferring ownership and preparing for the succession of businesses in the MRC de Beauce-Sartigan whose owners are preparing or leaving for their retirement;
2. demonstrate that they have the knowledge and relevant experience in the field as well as management knowledge and skills;
3. acquire a minimum of 25% of the participating voting shares of a company whose owners are aging;
4. make a down payment of at least 15% in cash of the cost of the project;
5. demonstrate the viability of the project and a capacity for repayment through financial forecasts.
Application Steps:
For details, applicants must contact through:
Telephone: 418 228-8123
Fax: 418 228-5223
Email: info@cebeauce.com
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
