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Native Women's Association of Canada Website

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2.1 Eligibility:To be eligible for this program, a firm must:be Canadian owned and operating in Québec;be incorporated under federal or provincial law;have fewer than 200 employees;have an annual sales figure <strong>of</strong> less than $12 million;have demonstrated earning power.Contact:FORD(Q) 800, Place Victoria Suite 3800 C.P. 247 Montreal (Québec) H4Z 1E8Telephone: (514) 283-2500 Facsimile: (514) 496-8310 E-mail: montreal@bfdrq-fordq.gc.ca3.0 PROGRAM: LOAN PROGRAM FOR NEW ECONOMY SMES IN QUÉBECThe Federal Office <strong>of</strong> Regional Development -Québec and the Royal Bank <strong>of</strong> <strong>Canada</strong>have formed a strategic alliance to provide loans for knowledge-based firms, companiesin the science and technology sector and innovative manufacturing firms.3.1 Eligibility:Services provided under this strategic alliance are only for SMEs:with annual sales <strong>of</strong> less than $10 million;having fewer than 100 employees;with a serious business plan which supports a project <strong>of</strong> proven commercialviability;established in Québec;which are involved in a target sector and are implementing projects:involving the design <strong>of</strong> new, highly advanced technologies or products;focused on development and later phases <strong>of</strong> research activities with a view toproduct commercialization;intended to launch a product on the market.3.2 Description:The Royal Bank may approve term loans <strong>of</strong> $50,000 to $500,000, with a maximum term<strong>of</strong> five years. This program is intended to fund commercial research and developmentprograms, the development <strong>of</strong> products before and after marketing and marketexpansion. Basic research projects and start-up capital are not covered by this program.3.3 Contact:FORD(Q) 800, Place Victoria Suite 3800 C.P. 247 Montreal (Québec) H4Z 1E8Telephone: (514) 283-2500 Facsimile: (514) 496-8310 E-mail: montreal@bfdrq-fordq.gc.caPg. 154

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