Financing

Starting a business

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

AMCGÎM offers financing for entrepreneurial projects at every stage of the project (pre-start-up, start-up, expansion, and consolidation). The loans issued can range up to a maximum of $20,000 with preferential rates and terms. Based on the principles of microcredit, our financing is characterized by capital, raised, and managed locally, intended for entrepreneurs in the Gaspésie and Iles-de-la-Madeleine region.

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Business pre-start-up

Financing for pre-start-ups in Gaspésie and the Magdalen Islands

Accès Microcrédit Gaspésie-Îles-de-la-Madeleine offers financing to entrepreneurs in the pre-start-up stage of their business. Indeed, our flexible and adapted loans can be granted to a person in the pre-start-up process for their project. Whether it’s to obtain financing for a certification or training related to your business project, AMCGÎM is there to support you.

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Business start-up

Loans for start-up businesses in Gaspésie and the Magdalen Islands

Our organization grants microloans up to $20,000 to entrepreneurs in the Gaspésie and Magdalen Islands region. In addition to providing financing to business start-ups, AMCGÎM offers support to navigate the crucial stages of setting up your business. Our accompaniment is free and flexible.

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Growing business

Microcredit for business expansion in Gaspésie and the Magdalen Islands

AMCGÎM can provide financing to established businesses for development projects.

Features of our financing

  • Funding in a form of a loan up to $20,000 with a fixed interest rate at 7%
  • Flexible repayment terms up to 5 years
  • Our financing can be considered as a down payment by the other financial partners
  • The loans are granted to entrepreneurs themselves and not the business
  • There are no penalties for prepaying the loan.

« 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 business must be headquartered in Gaspésie or the Magdalen Islands
  • The promoter must demonstrate entrepreneurial qualities
  • The promoter must obtain the necessary operating permits for their project
  • The loan cannot be used to repay a pre-existing debt or a previously completed project
  • When obtaining the loan, the promoter undertakes to follow the assistance of one of our agents on a regular basis.
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Honour Loan

An honour loan is a loan that has no personal or real collateral. This is a loan made on behalf of the promoter and they personally agree to repay it.

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Term Loan

Term loans make it possible to meet a specific financing need. They are amortizable, meaning that the loan can be repaid monthly. It is also possible to prepay the loan. In this case, the promoter makes a substantial repayment of their loan, thereby reducing the term of the loan and the interest paid.