Acquisition

By mmuise
Description:

Société d'Investissement Jeunesse (SIJ) offers entrepreneurs aged 18 to 40 a loan of up to $150,000 to acquire a business.


Comments on Funding:

1. Funding will take the form of loans ranging from $50,000 to $150,000.
2. SIJ limits its financial contribution to 45% of the overall financial needs. Overall financial requirements are defined here as the total of the purchase price of the common shares and the additional long-term financing required by the company.

Deadline: Continuous Intake
Eligibility:

Eligibility criteria:

  • Applicants must be:
    a) 18 to 40 years old;
    b) innovative technology companies that have been in operation for more than two years and demonstrate that it has successfully completed its start-up phase;
    c) based in Quebec.
  • The eligible entrepreneur must hold the majority (more than 50%) of the company's common shares or hold them jointly with the other eligible entrepreneurs, if applicable.
  • The entrepreneur must submit his request for financial support to the SIJ before the closing of the transaction.
  • An entrepreneur is not eligible if he is already a shareholder of the company in question.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise