SADC du Haut-Saguenay Fonds régulier (Regular Fund)

Amount:

$150,000.00

Type:

Loan

Description:

SADC du Haut-Saguenay’s Regular Fund is designed to promote the start-up, expansion, consolidation, modernization and acquisition of business assets in the SADC du Haut-Saguenay territory.

Comments on Funding:

Funding is a loan of up to $150,000:
– Including the sustainable development fund);
– The interest rate cannot be lower than the current rate determined by a lender applicable to a similar loan;
– Management fee of 1% of the loan disbursed.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be businesses that are:
a) creating and maintaining jobs in the region;
b) having profitability and growth potential;
c) from the sectors of activity deemed admissible by the SADC whose intervention does not affect the competition.
2. be located in the SADC du Haut-Saguenay territory.

Application Steps:

Applicant must connect with the Business Advisor through email: aboily@sadchs.qc.ca.

Documentation Needed:

Applicants must provide:
1. a Business Plan;
2. Financial Forecasts;
3. Additional information as requested.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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