Financing your project

Any SME located on a territory served by a local solidarity fund is eligible for financing, available either in the form of an equity loan or a conventional loan and at terms that take the company’s needs and reality into account. Depending on the territory, businesses can borrow up to $100,000.

Any business, including social economy companies, are eligible provided they are headquartered in Québec.           

The eligible activity sectors depend on the local action plan and development priorities.

The local solidarity funds seek to encourage entrepreneurship by offering businesses custom financing to help them carry out profitable, job-creating projects, including: 

  • Starting or buying a business;
  • Exporting;
  • Growth projects;
  • Modernizing operations;
  • Improving productivity.

The local solidarity fund analyzes financing requests taking the following factors into account to determine the project's chances of success:                                   

  • The company’s economic viability;
  • Employment spinoffs;
  • Knowledge and experience of the stakeholders;
  • Value placed on human resources;
  • Participation of other financial partners.