Fiducie du Chantier de l'économie sociale - Patient Capital
Patient capital loans up to $2.5M (real estate) or $400K (operations) with no capital repayment for 15 years for Quebec social economy enterprises.
About this program
The Chantier de l'économie sociale Trust is the first social trust dedicated to social economy financing in Canada. Over 15 years, it has invested over $137 million in 357 collective projects through patient capital loans. Maximum investment increased to $2.5 million for real estate projects and $400,000 for operations optimization. Loan terms: capital reimbursement only after 15 years, fixed annual interest rate for entire duration. Designed for collective enterprises' unique characteristics. Recently received $55M reinvestment from Fonds de solidarité FTQ and partners.
Eligibility
Quebec social economy enterprises including cooperatives, non-profit organizations with commercial activities, mutuals, and other collective enterprises pursuing social/environmental impact.
Requirements
- Quebec-based social economy enterprise
- Cooperative, NPO with commercial activity, or mutual
- Demonstrated social/environmental impact