{"id":3038,"date":"2022-02-07T12:01:11","date_gmt":"2022-02-07T17:01:11","guid":{"rendered":"https:\/\/sadccoaticook.ca\/?page_id=3038"},"modified":"2025-09-08T11:28:34","modified_gmt":"2025-09-08T15:28:34","slug":"faq","status":"publish","type":"page","link":"https:\/\/sadccoaticook.ca\/en\/the-sadc\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\n  <div class=\"banner has-hover\" id=\"banner-157856657\">\n          <div class=\"banner-inner fill\">\n        <div class=\"banner-bg fill\" >\n            <img decoding=\"async\" width=\"1020\" height=\"388\" src=\"https:\/\/sadccoaticook.ca\/wp-content\/uploads\/2023\/03\/Foire-aux-questions-1280x487.jpg\" class=\"bg attachment-large size-large\" alt=\"\" \/>                        <div class=\"overlay\"><\/div>            \n                    <\/div>\n\t\t\n        <div class=\"banner-layers container\">\n            <div class=\"fill banner-link\"><\/div>            \n   <div id=\"text-box-1777006592\" class=\"text-box banner-layer x10 md-x10 lg-x10 y50 md-y50 lg-y50 res-text\">\n                                <div class=\"text-box-content text \">\n              \n              <div class=\"text-inner text-left\">\n                  \n\t<div id=\"text-3643877157\" class=\"text\">\n\t\t\n<h1>FAQ<\/h1>\n<h2>To find answers to your questions.<\/h2>\n\t\t\n<style>\n#text-3643877157 {\n  color: rgb(255,255,255);\n}\n#text-3643877157 > * {\n  color: rgb(255,255,255);\n}\n<\/style>\n\t<\/div>\n\t\n              <\/div>\n           <\/div>\n                            \n<style>\n#text-box-1777006592 {\n  width: 60%;\n}\n#text-box-1777006592 .text-box-content {\n  font-size: 100%;\n}\n@media (min-width:550px) {\n  #text-box-1777006592 {\n    width: 52%;\n  }\n}\n<\/style>\n    <\/div>\n \n        <\/div>\n      <\/div>\n\n            \n<style>\n#banner-157856657 {\n  padding-top: 489px;\n  background-color: rgb(255, 255, 255);\n}\n#banner-157856657 .overlay {\n  background-color: rgba(0,0,0,.5);\n}\n<\/style>\n  <\/div>\n\n\n<div class=\"row\"  id=\"row-1972181645\">\n\n\t<div id=\"col-777814589\" class=\"col hide-for-small medium-2 small-12 large-2\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-81827452\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n<div class=\"accordion\">\n\t<div id=\"accordion-575227507\" class=\"accordion-item\">\n\t\t<a id=\"accordion-575227507-label\" class=\"accordion-title plain active\" href=\"#accordion-item-what-is-the-sadc-de-la-r\u00e9gion-de-coaticook?\" aria-expanded=\"true\" aria-controls=\"accordion-575227507-content\">\n\t\t\t<button class=\"toggle\" aria-label=\"Toggle\"><i class=\"icon-angle-down\" aria-hidden=\"true\"><\/i><\/button>\n\t\t\t<span>What is the SADC de la r\u00e9gion de Coaticook?<\/span>\n\t\t<\/a>\n\t\t<div id=\"accordion-575227507-content\" class=\"accordion-inner\" style=\"display: block;\" aria-labelledby=\"accordion-575227507-label\">\n\t\t\t\n<p>The Soci\u00e9t\u00e9 d\u2019aide au d\u00e9veloppement de la collectivit\u00e9 (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.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\n\t<div id=\"accordion-3064625755\" class=\"accordion-item\">\n\t\t<a id=\"accordion-3064625755-label\" class=\"accordion-title plain\" aria-expanded=\"false\" aria-controls=\"accordion-3064625755-content\">\n\t\t\t<button class=\"toggle\" aria-label=\"Toggle\"><i class=\"icon-angle-down\" aria-hidden=\"true\"><\/i><\/button>\n\t\t\t<span>The SADC offers two main categories of services:<\/span>\n\t\t<\/a>\n\t\t<div id=\"accordion-3064625755-content\" class=\"accordion-inner\" aria-labelledby=\"accordion-3064625755-label\">\n\t\t\t\n<p>It can offer you financial products in the form of loans to help you carry out your business projects. For more information, see the <a href=\"https:\/\/sadccoaticook.ca\/en\/advisory-services-to-businesses\/\">Business Guidance section<\/a>.<\/p>\n<p>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, <a href=\"https:\/\/sadccoaticook.ca\/en\/local-economic-development\/\">see Community Support<\/a>.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\n\t<div id=\"accordion-1544903735\" class=\"accordion-item\">\n\t\t<a id=\"accordion-1544903735-label\" class=\"accordion-title plain\" href=\"#accordion-item-how-long-does-it-take-from-loan-application-to-disbursement?\" aria-expanded=\"false\" aria-controls=\"accordion-1544903735-content\">\n\t\t\t<button class=\"toggle\" aria-label=\"Toggle\"><i class=\"icon-angle-down\" aria-hidden=\"true\"><\/i><\/button>\n\t\t\t<span>How long does it take from loan application to disbursement?<\/span>\n\t\t<\/a>\n\t\t<div id=\"accordion-1544903735-content\" class=\"accordion-inner\" aria-labelledby=\"accordion-1544903735-label\">\n\t\t\t\n<p>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\u2019s approval by the Investment Committee and the number of applications currently under review.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\n\t<div id=\"accordion-3804944079\" class=\"accordion-item\">\n\t\t<a id=\"accordion-3804944079-label\" class=\"accordion-title plain\" href=\"#accordion-item-what-is-the-coaticook-sadc\u2019s-interest-rate-when-it-grants-loans-to-businesses?\" aria-expanded=\"false\" aria-controls=\"accordion-3804944079-content\">\n\t\t\t<button class=\"toggle\" aria-label=\"Toggle\"><i class=\"icon-angle-down\" aria-hidden=\"true\"><\/i><\/button>\n\t\t\t<span>What is the Coaticook SADC\u2019s interest rate when it grants loans to businesses?<\/span>\n\t\t<\/a>\n\t\t<div id=\"accordion-3804944079-content\" class=\"accordion-inner\" aria-labelledby=\"accordion-3804944079-label\">\n\t\t\t\n<p>The interest rate is based on the Bank of Canada\u2019s prime rate plus a risk premium. This additional premium is calculated according to the risk level of the project.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\n\t<div id=\"accordion-2721289824\" class=\"accordion-item\">\n\t\t<a id=\"accordion-2721289824-label\" class=\"accordion-title plain\" href=\"#accordion-item-why-does-the-sadc-periodically-require-financial-statements-from-the-business-when-a-loan-is-granted?\" aria-expanded=\"false\" aria-controls=\"accordion-2721289824-content\">\n\t\t\t<button class=\"toggle\" aria-label=\"Toggle\"><i class=\"icon-angle-down\" aria-hidden=\"true\"><\/i><\/button>\n\t\t\t<span>Why does the SADC periodically require financial statements from the business when a loan is granted?<\/span>\n\t\t<\/a>\n\t\t<div id=\"accordion-2721289824-content\" class=\"accordion-inner\" aria-labelledby=\"accordion-2721289824-label\">\n\t\t\t\n<p>The SADC\u2019s 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.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\n\t<div id=\"accordion-801345530\" class=\"accordion-item\">\n\t\t<a id=\"accordion-801345530-label\" class=\"accordion-title plain\" href=\"#accordion-item-what-are-the-eligibility-criteria-in-order-to-take-advantage-of-the-translation-services-offered-by-the-sadc?\" aria-expanded=\"false\" aria-controls=\"accordion-801345530-content\">\n\t\t\t<button class=\"toggle\" aria-label=\"Toggle\"><i class=\"icon-angle-down\" aria-hidden=\"true\"><\/i><\/button>\n\t\t\t<span>What are the eligibility criteria in order to take advantage of the translation services offered by the SADC?<\/span>\n\t\t<\/a>\n\t\t<div id=\"accordion-801345530-content\" class=\"accordion-inner\" aria-labelledby=\"accordion-801345530-label\">\n\t\t\t\n<p>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.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\n\t<div id=\"accordion-2752020549\" class=\"accordion-item\">\n\t\t<a id=\"accordion-2752020549-label\" class=\"accordion-title plain\" href=\"#accordion-item-my-business\u2019s-head-office-is-not-located-within-the-coaticook-mrc.-can-the-sadc-still-help-me?\" aria-expanded=\"false\" aria-controls=\"accordion-2752020549-content\">\n\t\t\t<button class=\"toggle\" aria-label=\"Toggle\"><i class=\"icon-angle-down\" aria-hidden=\"true\"><\/i><\/button>\n\t\t\t<span>My business\u2019s head office is not located within the Coaticook MRC. Can the SADC still help me?<\/span>\n\t\t<\/a>\n\t\t<div id=\"accordion-2752020549-content\" class=\"accordion-inner\" aria-labelledby=\"accordion-2752020549-label\">\n\t\t\t\n<p>No, but we can refer you to the SADC or CAE in your service area.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\n<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1949206489\" class=\"col hide-for-small medium-2 small-12 large-2\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":13,"featured_media":0,"parent":2806,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-blank.php","meta":{"footnotes":""},"class_list":["post-3038","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/pages\/3038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/comments?post=3038"}],"version-history":[{"count":4,"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/pages\/3038\/revisions"}],"predecessor-version":[{"id":5409,"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/pages\/3038\/revisions\/5409"}],"up":[{"embeddable":true,"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/pages\/2806"}],"wp:attachment":[{"href":"https:\/\/sadccoaticook.ca\/en\/wp-json\/wp\/v2\/media?parent=3038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}