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Improving Productivity
With the SMB Financial program, you can obtain a loan or loan guarantee. | ELIGIBILITY CRITERIA* Eligible Businesses Your business is eligible if it operates in one of the following sectors: - Manufacturing;
- New economy (biotechnology, pharmaceutical industry, information technology, aeronautics and aerospace);
- Certain computer and software service activities;
- Research laboratories;
- Tourism;
- Recycling;
- Environmental restoration;
- Waste recovery and processing;
- Call centres;
- Aquaculture, sea farming and marine biotechnology;
- Horticultural specialties.
Eligible Projects - Implementation, modernization or expansion: equipment purchase or equity lease; building purchase, construction or expansion; other capital purchases; increased working capital in conjunction with capital investments;
- Patent purchase; and
- Certification toward compliance with a standard.
Special Requirements Your business 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 We can provide a loan or loan guarantee. Our loan guarantee is a repayment guarantee on the net loss of a loan granted by a financial institution. Terms and Conditions - The minimum amount of the loan or loan guarantee provided by Investissement Québec is $50,000.
- The maximum duration for financial assistance is 10 years.
- The loan guarantee can cover up to 70% of the net loss, or 75% for projects in outlying regions.**
- The maximum loan amount provided by the financial institution may cover up to 100% of project-related expenditures, including working capital.
- For loans directly granted by Investissement Québec, the amount provided can cover up to 75% of the total project cost.
- The interest rate on the loan is set by the financial institution.
- Interest is payable to the financial institution starting from the first loan disbursement.
- It is possible to defer repayment of the capital amount until after project completion.
- The usual securities are required based on the financing granted.
** Outlying regions include: Abitibi-Témiscamingue, Bas-Saint-Laurent, Côte-Nord, Gaspésie─Iles-de-la-Madeleine, Mauricie, Nord-du-Québec, Outaouais (excluding Aylmer, Hull and Gatineau municipalities) and Saguenay─Lac-Saint-Jean. 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 For loan guarantees, submit your application to the financial institution of your choice. The institution will consult us to review your file; we will then contact you. For direct loans, submit your application to an Investissement Québec advisor. August 2006 |
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