SADC d’Antoine-Labelle Acquisition D’entreprise: Le Transfert (Business Acquisition: Transfer)
$300,000.00
Loan
Description:
SADC d’Antoine-Labelle provides a loan intended for the acquisition of shares or assets of a company.
Comments on Funding:
Funding is a loan varying from $25,000 to $300,000:
– A maximum duration of 15 years with the possibility of a 12-month moratorium on capital;
– After the moratorium period, the rate will be set at prime rate + 2% (rating A), prime rate + 2.75% (rating B) or prime rate + 3.5% (rating C) = (minimum 5%);
– Down payment and guarantees established according to the nature of the project.
Continuous Intake
Eligibility:
Applicants must:
1. be entrepreneurs;
2. be acquiring business shares or assets of a company ;
3. be located in the territory served by the SADC;
3. have met these eligibility criteria:
a) Purchase of 100% of the company’s shares or assets;
b) Demonstration of the viability of the business and its repayment capacity;
c) Expertise of the promoter or transfer plan with the former owners and/or balance of the sale price;
d) Maintenance of at least 5 permanent jobs within the company including the promoter.
The company must have been in business for at least 5 years
Application Steps:
For details with the application process, applicants must connect through SADC d’Antoine-Labelle:
Phone: 819-623-1540 Ext. 451
Email: info@sadcal.com
Documentation Needed:
For details with the documentation requirements, applicants must connect through SADC d’Antoine-Labelle:
Phone: 819-623-1540 Ext. 451
Email: info@sadcal.com
Other Things to Note:
- All
- Business Purchase or Transfer
- Chute-Saint-Philippe
- Ferme-Neuve
- Kiamika
- L'Ascension
- La Macaza
- Lac-des-Écorces
- Lac-du-Cerf
- Lac-Saguay
- Lac-Saint-Paul
- Lanaudiere
- Mont-Laurier
- Mont-Saint-Michel
- Nominingue
- Non-profit Organization
- Notre-Dame-de-Pontmain
- Notre-Dame-du-Laus
- Quebec
- Rivière-Rouge
- Saint-Aimé-du-Lac-des-Iles
- Sainte-Anne-du-Lac
About the author
Maurice
