Small- and Medium-Sized Tourism Business Fund

Fonds tourisme PME

Funder

Ministère du Tourisme et des Loisirs

Program Type

Project

Deadline

Rolling

Type of Aid

Loan

Financial Aid

Minimum of $25,000 up to $250,000 (possibility of investment beyond the maximum via a complementary loan)

Description

PLEASE NOTE: THIS PROGRAM IS NO LONGER ACTIVE. IT IS INCLUDED FOR ARCHIVAL PURPOSES.

This fund encourages investment in small- and medium-sized tourism businesses and promotes the emergence of innovative projects. It aims to increase companies’ competitiveness and innovation, attract new clients, and extend the period of activity for participating companies.

Criteria

  • This program covers:
  • Cultural tourism

  • Nature tourism

  • Indigenous tourism

  • Agritourism

  • Hunting and fishing outfitting operations

  • Applicants’ main activities must take place in Quebec
  • Applicants in a recovery process are ineligible
  • Projects must have a capital outlay from sponsors between 15% and 25% of total cost or an equivalent capitalization
  • Applicants must demonstrate experience and expertise relevant to their field as well as management skills
  • Applicants must demonstrate the potential for a project and/or business’ long-term sustainability and relevance to tourism

Eligible Expenses

  • Capital expenditures (land, building, equipment, machinery, etc.)
  • Costs related to acquiring technologies, software, etc.
  • Working capital for a business’ first year of operations (for a launch or expansion)
  • In exceptional cases, a capital outlay, or purchasing or buying back shares

Supporting Documents

  • A business plan including a development plan and the expected financial arrangement
  • Curriculum vitae for applicant and all important persons in the company
  • Financial statements (in the case of an already established company)
  • Financial forecasts
  • Where necessary, a description of active contracts (clients, providers, associates, employees, etc.)