*Formerly known as the Business Transfer Fund
The Succession Fund, part of the Local Investment Fund, is aimed at any entrepreneur or group of entrepreneurs wishing to acquire at least 25% of the value of an existing business (or its assets) with a view to taking over the business.
The Succession Fund could be used to increase the entrepreneur's down payment, since it can be made in the buyer's personal name, depending on the situation. This means that other creditors may consider it as equity, which is a major advantage for the successor entrepreneur.
Up to $250,000 for investments that can be spread over a maximum period of seven years.
Different modalities are possible:
To access the Fonds Relève, your company must conduct its business activities within the Laval area.
The team dedicated to the Fonds Relève program offers you support during stages such as:
Please complete the application form. A member of our team will contact you shortly.
Want to discuss your project with a member of our team? Please contact us.
