Sources of Business Financing

Business financing remains a major issue at all stages in the life cycle of a small business. Road to Entrepreneurship helps small businesses and self-employed workers find themselves in the vast universe of small business loans and secure additional business financing. Advanced expertise, an extensive knowledge of the field, and direct assistance: what more could you want?

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Finding the right sources of business financing

Whether you’re just starting out in business or you have expansion plans, the issue of business financing is crucial. The first step involves analyzing your needs and determining all the costs that your entrepreneurial project will entail. Seeking out support from external professionals can be a wise idea to help you draw up a realistic and comprehensive financial plan.

  • Have you accumulated a sufficient down payment to get a loan for a small business? This should amount to 20% of the total cost of the project.
  • Do you meet the financing ratios, or will your business have to rectify certain financial obligations before obtaining a loan?
  • What collateral will you have to offer to secure a loan for a small business established in Quebec?
  • Could your project receive grants or financial assistance from a government program in addition to the loans taken out from financial institutions?

Loans for small businesses in Quebec

In each region of Quebec, SADCs and CAEs help supplement the business financing offered by financial institutions. Beyond the available consulting, this is therefore concrete financial assistance within the reach of Quebec entrepreneurs. The projects submitted by businesses to obtain a loan are varied:

  • Starting a business
  • Job creation
  • Developing a new product
  • Social economy project
  • Investing in technology or innovation
  • Expanding operations
  • Etc.

Communities invested in business financing

The loans approved to businesses by SADCs and CAEs are granted and managed by regional investment funds. These funds belong to the communities and help power entrepreneurial projects that make the community more prosperous. The income generated by the funds is reinvested in other projects, creating even more value for the region. That’s the best part: we help entrepreneurs continually create more wealth at the local level

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