Interim Financing of the Refundable Tax Credit for Book Publishing
Can over a maximum of 75% of the anticipated refundable tax credit.
Loan, Loan Guarantee
Description:
This program, administered by SODEC, takes the form of a loan guarantee or, exceptionally, can be offered in the form of a direct loan that can cover a maximum of 75% of the advance refundable tax credit. SODEC guarantees the lender the repayment of 100% of the principal balance of the loan and also 100% of accrued interest and collection disbursements, without exceeding 15% of the principal balance on the date of the loan reminder.
Comments on Funding:
This program, administered by SODEC, takes the form of a loan guarantee or, exceptionally, can be offered in the form of a direct loan that can cover a maximum of 75% of the anticipated refundable tax credit.
SODEC guarantees the lender the reimbursement of 100% of the principal balance of the loan and also 100% of the accrued interest and recovery expenses, without exceeding 15% of the principal balance on the date of the loan recall.
For the purposes of applying this program, the lender must be a bank within the meaning of the Bank Act (LC, 1991, c.46) or a caisse within the meaning of the Act respecting financial services cooperatives (RLRQ, cC-67.3).
Continuous Intake
Eligibility:
The applicant must be a company that has received a favorable prior decision from SODEC within the framework of the refundable tax credit for book publishing.
Application Steps:
1. All requests must be sent through the secure electronic portal SOD@ccès.
2. By connecting to SOD@ccès, applicants must:
a) create their user profile if they are a new user or enter their access codes;
b) choose the program corresponding to their request;
c) complete the application form and upload all required documents.
Documentation Needed:
Applicants must prepare the documentation to transfer to SOD@ccès, including:
1. a declaration of the applicant company;
2. a completed personal review form;
3. additional information, as listed.
Other Things to Note:
Submitting an application
Interim financing applications must be submitted through the SOD@ccès secure submission portal. Click here to access it.
By connecting to SOD@ccès, you will have to:
Create your user profile if you are a new user or enter your access codes.
Choose the program that matches your request.
Complete the application form and upload all required documents.
Please note that before submitting an application, you will need to prepare the documentation to be transferred to SOD@ccès.
About the author
Maurice
