Filaction

Filaction

Funder

Fondaction

Program Type

Operations

Deadline

Rolling

Type of Aid

Direct loan, Convertible loan, Bridge financing, Share capital, Other types of financing

Financial Aid

Up to $500,000

Description

Filaction primarily finances the development and growth of businesses. It is also available for projects pertaining to consolidation, succession, mergers or acquisition, as well as for employees’ acquisition of a stake in the context of a cooperative of employee shareholders.

Criteria

  • Applicants must demonstrate:
  • Quality, experience, expertise and consistency between sponsors, the management team, as well as directors if applicable

  • Financial viability

  • The organization’s integration within its field and its partnerships

  • A track record of social, economic and financial quality as well as projected future successes

  • This program primarily finances the development or growth of organizations but can also apply to projects for consolidation, succession, mergers or acquisitions, as well as for workers acquiring a stake in the organization in the case of cooperatives of employee shareholders

Eligible Expenses

  • Costs related to operations

Supporting Documents

  • Goal of the application and requested amount
  • Applicants financial package
  • Presentation of the application’s sponsor and the organization’s team
  • Management or governance procedures, including the make-up of governing bodies and general rules
  • Presentation of the applicant organization:
  • Its mission and place within its field

  • Its products or services, clients or customers, and markets

  • Financial statements from the previous three years

  • Financial projections for the current and two forthcoming accounting periods

  • Major contracts

  • Clients, providers, administrators, employees