The Société d’aide au développement de la collectivité (SADC) de Coaticook is a nonprofit economic development organization. This makes it an independent organization managed by a board of directors made up of members from various activity sectors.
It can offer you financial products in the form of loans to help you carry out your business projects. For more information, see the Business Guidance section.
The SADC can be a financial partner or launch various economic development projects in collaboration with other stakeholders in the community. It can also offer specialized support to businesses and organizations through an external expert who can help in several different areas. For more information, see Community Support.
Time frames may vary according to the project. They will depend on the time required to gather all the necessary documents to develop the file, as well as the loan’s approval by the Investment Committee and the number of applications currently under review.
The interest rate is based on the Bank of Canada’s prime rate plus a risk premium. This additional premium is calculated according to the risk level of the project.
The SADC’s business advisors follow up on financial statements to be able to support entrepreneurs by detecting potential needs or problems in their business. This personalized support is part of our mission and helps us optimize our programs and the advice of our team.
The SADC uses its translation budget primarily for core activities in order to provide services and communications of equal quality in French and in English. It also utilizes this budget for local economic development projects geared toward English-speaking communities.
No, but we can refer you to the SADC or CAE in your service area.