Financing

Starting a business

Microcredit is nothing more or less than the community lending to the community!

AMCGÎM offers financing for the pre-start-up, start-up, development and consolidation of entrepreneurial projects. Loans can be issued up to a maximum of $20,000 at favourable rates and terms. Based on the principles of microcredit, our financing is characterized by capital raised and managed locally for entrepreneurs in the Gaspésie and Îles-de-la-Madeleine region.

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Business pre-startup

Financing for business start-ups in Gaspésie and the îles

Accès Microcrédit Gaspésie-Îles-de-la-Madeleine offers financing to entrepreneurs in the pre-start-up phase of their business. In fact, our flexible, versatile and adaptable loans can be granted as part of a business start-up process. Whether it’s getting financing to obtain a certification or training related to your business project, AMCGÎM is there to support you.

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Business start-up

Business start-up loans in Gaspésie and the îles

Our organization grants microloans of up to $20,000 to Gaspesian and Madelinot entrepreneurs. In addition to providing financing to entrepreneurs starting a business, our organization offers support to help you navigate the crucial stages of creating your business.

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Growing business

Microcredit for business expansion in Gaspésie and the îles

AMCGÎM offers financing for the development projects of businesses already in operation.

Characteristics of our financing

  • Financing of up to $20,000 with a fixed interest rate of 7%;
  • Flexible repayment terms of up to 5 years;
  • Our funding can be considered as a down payment by other financial partners;
  • The loans granted are individual, to the person, not to the company;
  • No penalty for early loan repayment.

Prêt d’action communautaire Gaspésie–Îles-de-la-Madeleine (PACGÎM)

    • Crowdfunding campaign in collaboration with La Ruche Gaspésie-Îles-de-la-Madeleine
    • For individuals and social economy enterprises
    • Loan of up to $20,000 at an interest rate of 5%
    • Capital repayment holiday of up to 12 months

Fund for Women Entrepreneurs

    • For women with a business or owning at least 50% of the shares of a business
    • Loan of up to $20,000 at an interest rate of 7%
    • Capital and interest repayment holiday for one year
    • Benefits from an additional 12-month loan repayment term

« In my case, AMCGÎM supported me even though I was freshly out of school. I didn’t have enough money to make a convincing down payment in the eyes of a bank and didn’t have enough credit history to reassure an investor. »

Clément Vallée
Biseak, Sainte-Anne-Des-Monts.

Eligibility criteria

  • The business project must be viable, sustainable, legal and ethical;
  • The entrepreneur must have limited access to traditional sources of financing;
  • The head office must be in Gaspésie or the Îles-de-la-Madeleine;
  • The promoter must demonstrate entrepreneurial qualities;
  • The promoter must obtain the necessary permits for the operation of their project;
  • The loan cannot be used to pay off pre-existing debt or a project that has already been completed;
  • Upon obtaining the loan, the promoter agrees to follow the advice of one of our agents on a regular basis.
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Loan on trust

A loan on trust is a loan that has no personal or real guarantee. It is a loan made in the name of the promoter that they will personally commit to repaying.

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Term loan

The term loan allows you to meet a specific financing need. It is depreciable, which means that you can repay the loan monthly. It is also possible to repay the loan early. In this case, the borrower makes a substantial repayment of their loan which will reduce the term of the loan and the interest paid.