Ideal for tourism businesses

Tourism is a key sector of Québec’s economy and a phenomenal driver of regional development. PADAT, the support program for the development of tourist attractions, offers you attractive, flexible solutions.

Financing designed to meet your needs

Just as you adapt to your customers, we adapt to you! Whether you want to build up your working capital or fund the acquisition of equipment and capital assets, this program is designed for you.

• Each project’s financing must include a minimum contribution from private sources equivalent to at least 20% of the total cost.
• Principal repayments are fixed. However, they may be variable if the business’s revenues are seasonal or subject to fluctuation.
• Securities will be adjusted according to the realities of the tourism industry and the projects in question.
• Interest rates and loan guarantee fees depend on the nature of the project.
• Special conditions may apply.

Financing tailored to the tourism industry

Whether you run a for-profit corporation, a cooperative or a non-profit organization, our program is for you. To be eligible, your project must address the priorities set out in the Québec government’s 2012–2020 development plan for the tourism industry . (in French)

* Start-up companies, municipalities and government-owned corporations are not eligible.

Projects are eligible if they support the following PADAT priorities:

• Increasing the number of visitors
• Increasing tourism revenues
• Creating jobs

Projects must also support one of the Ministère’s current or future sectoral strategies:

• Strategy to develop winter tourism
• Strategy to develop event tourism
• Strategy to develop nature and adventure tourism
• Strategy to develop St. Lawrence tourism
• Strategy to develop tourism north of the 49th parallel

Projects targeting the following activities are eligible:

• Consolidation, implementation, expansion or modernization of a tourist attraction, amenity, specialized product or service
• Construction, expansion or rehabilitation of tourism infrastructure

Non-eligible projects:

• Projects involving retail trade and the restaurant sector
• Projects involving services that are directly related to accommodations for companies operating an accommodation facility within the census metropolitan areas of Montréal and Québec City
• Projects involving games of chance
• Projects involving the sale and consumption of alcohol
• Projects that have already been completed or are under way

Notwithstanding the above, in relation to an agritourism or food tourism project, financing may be provided for work on facilities and/or amenities required for the sale of products stemming from such projects, as these components are essential to the tourism experience provided to visitors.

Procedure

January 2019