Financing

The Haut-Saint-François SADC offers financial assistance to entrepreneurs and businesses in the area as well as financial products tailored to their needs.

Your SADC offers personalized follow-up services for business development. Personalized support and follow-up are available through our professionals for the full duration of the loan.

INVESTMENT FUND

Goal
Encourage the creation, acquisition, maintenance and development of businesses and jobs.

Eligibility
The head office or place of business must be located in the Haut-Saint-François MRC, and must operate in primary, secondary or tertiary sectors.

The SADC gives priority to financial assistance for projects involving acquisition, start-up, expansion, modernisation and/or business succession.

  • Admissible expenses
  • Operating fund
  • Start-up costs and sales promotion
  • Acquisition of real estate (rental property excluded).

Financial assistance
Loan amount ranging from $5000 to $150,000.

  • Type of assistance
  • The loan is tailored to the needs of the business
  • Loan repayment takes place over a maximum period of 10 years.

Assessment criteria

  • The loan recipient must:
  • Demonstrate the viability and profitability of the business within a reasonable timeframe
  • Possess sufficient knowledge and expertise in the field of business
  • Ensure adequate management of the business
  • Provide an investment amount deemed satisfactory
  • Enable the creation or maintenance of sustainable employment
  • Ensure that the business has a positive impact on the surrounding community and environment.

Personalized follow-up for business development.

Personalized assistance and follow-up services are available from the professionals at the SADC for the duration of the loan.

START-UP 35+

Goal
This new loan has been set up to support entrepreneurs 35 years old and up who want to launch their own business in the Haut-Saint-François region.

Eligibility
The borrower must be a company starting up, or a self-employed worker in the Haut-Saint-François area; the company owner or majority shareholder must be at least 35 years old.

Eligible fees

  • Start-up fees
  • Real estate acquisition
  • Working capital

Financial assistance
A loan up to the amount of $25,000

Type of assistance

  • Term loan
  • Loan reimbursement over a maximum period of 5 years
  • Opportunity for a 12-month moratorium on capital
  • The loan can finance 90 % of the project
  • If the potential borrower is a specialized professional who has received certification or is in the process of becoming certified through the CSHC school board’s Lancement d’une entreprise [Business Launch] program, a 1 % reduction in the rate will be granted.

Documents required

  • Business plan
  • Other relevant documents

SMB ECOLOAN

Goal
Enable businesses to access financing for ecological solutions in a framework of economic, environmental and social sustainability and profitability.

Eligible business
Must be a (for-profit) business located in the Haut-Saint-François MRC, which is where the project must be carried out.

Eligible projects

  • Air pollution prevention (gas emissions) and water treatment projects
  • Waste management
  • Energy conservation
  • Conversion to alternative fuels
  • New energy sources (solar, wind, geothermal, etc.)
  • Noise management
  • Transportation
  • Ecological design of new products
  • Other projects

Financial assistance
$50,000.

Type of assistance

  • Loan
  • Loan repayment over a maximum period of 10 years
  • Moratorium on capital for 12 months
  • The loan can finance 100 % of the project expenses.

Assessment criteria

The business must:

  • Have been in existence for at least 5 years
  • Demonstrate a proven capacity for reimbursement
  • Possess adequate working capital
  • Have a satisfactory debt ratio.

Documents required

  • Summary presentation of the project and other required documents
  • Environmental/sustainable development action plan set up by a consultant recognised by the SADC to demonstrate the environmental advantages of the project.

YOUTH STRATEGY FUND

Goal
Encourage business acquisition, start-up, expansion, modernisation, or succession by young people.

Foster employability among youth and encourage their social, cultural and economic engagement in the community.

Eligibility

  • Recipients must be between 18 and 35 years old
  • The head office or place of business must be located in the Haut-Saint-François MRC
  • The loan recipient must have control over the business.

Admissible expenses

  • Operating fund
  • Start-up costs and sales promotion
  • Acquisition of real estate (rental property excluded).

Financial assistance
Loan amount ranging from $5000 to $15,000.

In this case, the loan is offered to a young entrepreneur who must reinvest the amount in his or her business.

Type of assistance

  • Personal loan
  • Loan repayment over a maximum period of 5 years
  • Interest-free period for the first 2 years of the loan
  • Two young entrepreneurs may receive a loan for the same project.

Assessment criteria

The loan recipient must:

  • Demonstrate the viability and profitability of the business within a reasonable timeframe
  • Possess sufficient knowledge and expertise in the business field
  • Ensure adequate management of the business
  • Provide an investment amount deemed satisfactory
  • Enable the creation or maintenance of sustainable employment
  • Ensure that the business has a positive impact on the surrounding community and environment.