Strategic Business Retention and Emergency Aid Support Program (PARESAU) Stream 2: Emergency financing for strategic companies
$5,000,000
Grant, Loan, Investment
Description:
Maintain business operations by temporarily supporting the working capital needs of strategic companies experiencing significant financial difficulties so that they can continue their activities and maintain their jobs, particularly during the period necessary to implement solutions.
Comments on Funding:
Only projects that successfully pass the stages of analysis of strategic nature, the need for aid and the absence of negative impact on existing businesses can be granted aid.
The company must not be under the protection of the Companies’ Creditors Arrangement Act or the Bankruptcy and Insolvency Act.
Financing takes the form of a loan guarantee or a loan.
The maximum rate of aid is 100% of eligible expenses.
The maximum amount of assistance is $5,000,000.
The accumulation of government aid is 100% of eligible expenses.
Other conditions may apply.
March 31, 2025
Eligibility:
The company is eligible if it is a for-profit company, a cooperative or a social economy company. It must also:
have been active in Quebec for at least three years.
be likely to close or show signs of closing.
to be qualified as strategic by the Ministry of Economy, Innovation and Energy (MEIE).
* Companies operating in certain sectors of activity are not eligible.
Application Steps:
The submission of the complete financial assistance file must be sent to the following email address: aidefinanciere@invest-quebec.com
Documentation Needed:
No specific documents are listed.
Other Things to Note:
To learn more
To find out if your business can benefit from this program, contact our team at 1 844 474-6367.
About the author
Maurice
