Investment Fund

The investment fund of the SADC Chibougamau-Chapais is a key tool for community development. Businesses that benefit from this fund also receive technical support from the SADC.

This fund aims to promote job creation, retention, and development by financing businesses in startup, acquisition, expansion, and consolidation phases.

Eligibility criteria*:

• The project is carried out within the territory served by the SADC Chibougamau-Chapais.;
• The project falls within a field of activity that aligns with the development priorities identified by the community;
• The project helps create new jobs or contributes to maintaining existing ones;
• The project demonstrates strong potential and reasonable viability.

Technical and financial support* :

Promoters can benefit from complementary capital in addition to that provided by other financial institutions. This support may take the form of loans, loan guarantees, or equity participation. It bears interest and is repayable through monthly installments. The maximum amount granted cannot exceed $150,000 per project and must be amortized over a maximum period of 10 years.

During the period in which the SADC commits funds, it provides ongoing monitoring and technical support to the assisted business.

* This information is subject to change depending on the availability of government programs.

Exception

Businesses of a religious, sexual, or political nature are not eligible. Additionally, based on market analysis, startup trucking companies and restaurants are not eligible.