SADC des Laurentides
Financing
Fast-track funding for applications of $50,000 and under!
For all financing options, the SADC offers fast-track funding for applications of $50,000 and under. Simply complete the financing request form and your application will be processed quickly.
Investment Fund
Along with funding, the SADC des Laurentides offers coaching and support to maximize your chances of success.
Our funding is accessible, covers the majority of business projects and is tailored to meet the individual needs of each entrepreneur.
Investment Fund
- A term loan ranging from a minimum of $5,000 up to a maximum of $150,000 ($250,000*);
- Interest rate based on the Bank of Canada prime interest rate plus 4%, depending on project and guarantees;
- Down payment: a minimum of 10% of the total project cost (with a maximum of 25% in the form of assets);
- Maximum repayment term of 15 years, depending on project and guarantee;
- Guarantees: personal guarantee and life insurance. Other guarantees may be required;
- Project evaluation fee of 1.5% of loan amount requested, with a $400 minimum;
- Annual administration fee of $300 or $50 in the case of a second loan.
*If the loan is of an amount between $150,000 and $250,000, the following additional criteria apply:
- The project has a real impact on community development;
- The project must create or maintain a minimum of 5 jobs;
- The business must operate in an industry prioritized by the two MRC covered;
- The project must include the participation of a financial partner.
Investment Fund
- Prêt variant d’un montant minimum de 5 000 $ jusqu’à un maximum de 150 000 $(*250 000 $).
- Taux d’intérêt établi selon le taux préférentiel de la Banque du Canada majoré d’au minimum 4 %, selon le projet et les garanties.
- Mise de fonds : minimum 10 % du coût total du projet (dont un maximum de 25% sous forme de transfert d’actifs)
- Amortissement maximal de 15 ans, selon le projet et la garantie.
- Garanties : cautionnement personnel et assurance-vie. D’autres garanties peuvent être exigées.
- Frais d’étude de dossier de 1,5 % du montant du prêt demandé, minimum 400 $.
Services designed to support
modern entrepreneurs
Youth Strategy Fund
This loan covers most business projects and is tailored to the individual needs of entrepreneurs aged 39 years and under.
Youth Strategy Fund
- Term loan ranging from a minimum of $5,000 up to a maximum of $25,000;
- Interest rate based on the Bank of Canada prime rate plus 4%;
- Down payment: flexible, depending on the type of project and guarantees;
- Interest-free and capital-free repayment period for the first 6 months;
- Maximum repayment term of 7 years, depending on project and guarantee;
- Guarantees: personal guarantee and life insurance. Other guarantees may be required;
- Project evaluation fee of 1.5% of the loan amount requested, with a minimum of $250;
- Annual administration fee of $100.
Youth Strategy Fund
- Term loan ranging from a minimum of $5,000 up to a maximum of $25,000;
- Interest rate based on the Bank of Canada prime rate plus 4%;
- Down payment: flexible, depending on the type of project and guarantees;
- Interest-free and capital-free repayment period for the first 6 months;
- Maximum repayment term of 7 years, depending on project and guarantee;
- Guarantees: personal guarantee and life insurance. Other guarantees may be required;
- Project evaluation fee of 1.5% of the loan amount requested, with a minimum of $250;
- Annual administration fee of $100.
Youth Strategy Fund
This loan covers most business projects and is tailored to the individual needs of entrepreneurs aged 39 years and under.
Digital development
This loan aims to facilitate the digital transition of businesses in the region by providing access to fast, flexible and simple financing.
Innovation
This loan aims to promote innovation projects by providing access to quick, flexible and simple funding.
Succession
This loan aims to promote the transfer of businesses by financing the acquisition of shares or assets by the entrepreneur.
General Eligibility Criteria and
Required Documentation
Required Documentation
General Eligibility Criteria
- Promoter must be 18 years or older, a Canadian citizen or permanent resident;
- Business must demonstrate viability, profitability and the capacity to repay;
- Project must demonstrate a positive economic impact on its results;
- Borrower must demonstrate a conclusive credit history;
- Project must occur within the SADC territory, that being within MRC des Laurentides and the MRC des Pays-d’en-Haut;
- A document outlining project objectives and related costs must be provided for the SADC to consider the request;
- Open to SME, cooperatives and worker-shareholder cooperatives as well as non-profit organizations.
Primary Documentation Required
- SADC Funding Application Form;
Click here for the form → - Financial statements from the last 2 years
- Current internal financial statements;
- Personal balance sheets for shareholders;
Click here for the form → - The SADC will analyze shareholder credit records.
For more information, please contact:
Sylvie Gauvin
450-229-3001 ext. 23
sgauvin@sadclaurentides.org
