Investissement Québec financing

A buyer of a Quebec business can ask whether Investissement Québec financing fits alongside a bank loan. It is a Quebec body, so this entry applies to Quebec only. The pages cited here are in French, and the details below are summarized from them.

What it is and offers

The Act respecting Investissement Québec constitutes the company, says it is a mandatary of the State, and says that, to carry out its mission, it supports the creation and development of enterprises of all sizes through consulting services, other support measures, and adapted financial solutions and investments. Its site lists a loan for the purchase or sale of a business and a guarantee it gives the financial institution that grants a loan, line of credit or letter of credit. For the guarantee, the site says movable or immovable security and suretyships may be required.

What to check or ask

• Does the business meet every eligibility criterion on the purchase loan page, including being established in Quebec, registered with the Registraire des entreprises du Québec, and not in a sector the page excludes?
• Does the loan or the guarantee fit the deal, and what security is required?
• Does the buyer’s lender accept the guarantee?

See what government loan programs help small businesses in Quebec and how do I get a loan to buy a business.