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Evol
Loans for diversified and inclusive ownership start-ups in Quebec
Conventional start-up loan for businesses at the commercialization stage. Funds can be used for acquiring tangible/intangible assets, working capital, developing/marketing new products/services, and share purchases/buybacks. The loan offers a flexible amortization period of 2 to 8 years and the possibility of a repayment moratorium (including for parental leave). It includes personalized guidance and adapted complementary services. Note: The loan has a file set-up fee of $350 and an annual loan management fee (0.40% of balance, min $200, max $1800).
Business Size: small
Industries: most business sectors eligible
Region: Quebec (all 17 regions)
Demographics: women, racialized people, immigrants, First Nations and Inuit people, LGBTQ2+ community members, people with disabilities, inclusive and diversified ownership businesses
Other Criteria: startup project (commercialization stage), significant sales expected within 3 months from loan being granted, requires a capital outlay of at least 5% of project value, contributes to one or more of the UN’s 17 Sustainable Development Goals (SDG) by being an impact business or an eco-friendly business, businesses at any stage (start-up, growth, acquisition or succession) are supported by Evol's broader financing, but this loan focuses on startups
Government of Nova Scotia, Invest Nova Scotia
Early stage investment for Nova Scotia innovators
Government of Saskatchewan, Women Entrepreneurs Saskatchewan
Loans for Saskatchewan women entrepreneurs
Government of Prince Edward Island, Innovation PEI
Contribution to cover Prince Edward Island (PEI) business rental costs
This program is available to small businesses in most business sectors eligible industries located in Quebec (all 17 regions).
This program offers funding up to $75,000 (minimum $20,000).
This program is ongoing with no fixed deadline.