SADC région de Mégantic Prêt – Appui à la relève (Loan – Support for Succession)

Amount:

$150,000.00

Type:

Loan

Description:

SADC région de Mégantic offers specific financing intended for the acquisition of shares or assets of a company in order to encourage entrepreneurial succession in the territory of the MRC du Granit.

Comments on Funding:

Funding is a loan of up to $150,000:
– Terms adapted to the recovery context, such as the possibility of a moratorium on capital repayment of up to 36 months.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be entrepreneurs;
2. be located within the territory of the MRC du Granit.

Application Steps:

Applicants must:
1. fill out the online Request for Financing Form;
2. be contacted by the Business Advisor afterwards.

Documentation Needed:

Applicants must provide the following:
1. Business plan;
2. Previous financial statements (if applicable);
3. Financial forecast;
4. Personal review;
5. Other 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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