SADC Vallée-de-l’Or Prêt Aux Très Petites Entreprises (TPE) Loan For Very Small Businesses (VSE)
$20,000.00
Loan
Description:
The Loan For Very Small Businesses (VSE) provides financial support to tiny enterprises, helping them get off the ground with funding from the SADC de la Vallée-de-l’Or.
Comments on Funding:
Funding is a loan of up to $20,000:
– Term loan with guarantee or share capital;
– Project with a maximum value of $30,000;
– Maximum loan duration of 5 years;
– Interest rate established according to current policies.
Continuous Intake
Eligibility:
Applicants must:
1. be small businesses;
2. have Innovative projects with little or no competition;
3. join a sector of activity targeted by the SADC de la Vallée-de-l’Or;
4. provide monetary or asset investment of at least 10%;
5. have obligation to participate in the mentoring program or obtain a mentor who will be to the satisfaction of the SADC;
6. demonstrate long-term viability while enabling the creation or maintenance of jobs;
7. be located on the territory of the SADC de la Vallée-de-l’Or.
Application Steps:
For details about the application process, applicants must contact SADC Vallée-de-l’Or:
Email: info@sadcvdo.com
Phone: 819 874-3676
Documentation Needed:
For details about the documentation requirements, applicants must contact SADC Vallée-de-l’Or:
Email: info@sadcvdo.com
Phone: 819 874-3676
Other Things to Note:
About the author
Maurice
