Fonds de transfert d’entreprise du Québec (Quebec Business Transfer Fund)

By mmuise
Description:

The Quebec Business Transfer Fund is intended for new entrepreneurs wishing to start a business by offering financial support adapted to business transfer situations. This new fund – created to promote the retention and continuity of existing businesses in Quebec – enables resales to obtain financing on favorable terms.


Comments on Funding:

The Quebec Business Transfer Fund may provide the successor with a term loan equivalent to two dollars for every dollar invested by the acquirer in equity, subject to a minimum of $50,000 and a maximum of $500,000. In the case where multiple successors join together to proceed with the acquisition of a business, a maximum amount of $1,000,000 could be allocated.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be new entrepreneurs wishing to start a business;
  • be Quebec companies that meet these criteria:
    a) any corporation or limited partnership, private or public, with a net worth of less than 50 million dollars or tangible net assets of less than 100 million dollars;
    b) operating in Quebec; and
    c) with the majority of employees residing in Quebec.
  • be coming from all sectors of activity are eligible, except for real estate sectors and transactions involving the acquisition of agricultural land.
  • commit working full-time within the targeted company and to contribute a minimum equity investment of $50,000.
Application Steps:

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Documentation Needed:

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Other Things to Note:

The Quebec Business Transfer Fund is a limited partnership formed under the laws of Quebec and whose funds are managed by Investissement Quebec.

About the author
mmuise