Fonds Locaux: Volet Relève (Local Funds: Succession)

By mmuise
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.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • 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;
  • demonstrate that they have the knowledge and relevant experience in the field as well as management knowledge and skills;
  • acquire a minimum of 25% of the participating voting shares of a company whose owners are aging;
  • make a down payment of at least 15% in cash of the cost of the project;
  • demonstrate the viability of the project and a capacity for repayment through financial forecasts.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise