SADC Lac-Saint-Jean Ouest Prêt Le développeur (Developer Loan)

Amount:

$150,000.00

Type:

Loan

Description:

SADC Lac-Saint-Jean Ouest offers a loan to the developers in the region. This loan with advantageous conditions aims to support and stimulate the development projects of the territory’s leaders and, thereby, the growth of the Domaine-du-Roy territory.

Comments on Funding:

Funding is loan of up to $150,000 (which can exceptionally reach $300,000):
– Assistance in the form of loans for a maximum duration of 10 years;
– Eligible for a capital moratorium for the first 6 months;
– Interest rate based on the base rate of the Bank of Canada, increased by 2%;
– No warranty or personal deposit required.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be development leaders;
2. be seeking financing for their business development projects;
3. promote the creation, maintenance and development of employment;
4. be located within the MRC Domaine-du-Roy territory.

Application Steps:

Applicants must complete the financing request online.

Documentation Needed:

For details about the documentation requirements, applicants must contact SADC Lac-Saint-Jean Ouest:
Phone: 418 275-2531
Contact Directory

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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