International Conventions

With the SMB Financial program, you can obtain a loan guarantee.

ELIGIBILITY CRITERIA*   Eligible Businesses Your organization is eligible if it complies with one of the following definitions: Corporation that is mandated by an international organization to act as the organizing committee for an international convention and that uses the services of a convention organizer; Convention organizer; Non-governmental institution or organization.   Eligible Projects Conventions held in Quebec for which most of the delegates reside outside Quebec.   Special Requirements Your organization must maintain its head office or a place of business in Quebec and be recognized as having experience and skill in organizing conventions.   Your organization must have a sound financial structure, adequate management, qualified staff and a solid organization.   *Special conditions may apply. Consult one of our advisors to learn more.

FINANCING DETAILS   Our loan guarantee is a repayment guarantee on the net loss of a line of credit granted by a financial institution.   Terms and Conditions The minimum amount of the loan guarantee provided by Investissement Québec is $50,000. The loan guarantee can cover up to 80% of the net loss. The maximum duration for financial assistance depends on the time frame of the event. The amount of the line of credit provided by the financial institution varies according to the needs of the company. The interest rate is set by the financial institution. Interest is payable to the financial institution starting from the first loan disbursement. The usual securities are required based on the financing granted.   Fees Commitment and guarantee fees depend on the nature of the project. To find out more about the cost of financing your project, talk to an Investissement Québec advisor.

PROCEDURE   Step 1 Contact an Investissement Québec advisor , who will answer your questions and recommend the product that best suits your needs.   Step 2 The advisor will help you draw up a list of the information you must provide: business plan, nature of the project, financing sought, planned expenses, marketing plan, guarantees, etc.   Step 3 Submit your application to the financial institution of your choice. The institution will consult us to review your file; we will then contact you.     August 2006