City guide
What Baie-Comeau's economy runs on, how that shows up in a funding file, and the steps to apply remotely.
✓ Checking what you qualify for does not affect your credit score.
If your business operates in Baie-Comeau, QC, you can apply. Funding here is typically a merchant cash advance, a business cash advance or revenue-based financing, sized on deposits rather than collateral. With 20,687 residents at the 2021 Census and -3.9% change since 2016, Baie-Comeau is a mid-sized city in Quebec.
The census shows health care as the leading private sector at 20.8% of local jobs, followed by retail and manufacturing.
All figures: Statistics Canada 2021 Census (income figures refer to 2020).
Employment by industry is the best public picture of what a local economy sells. In Baie-Comeau, the six largest private sectors look like this next to the Quebec average:
| Industry (NAICS) | Baie-Comeau | QC |
|---|---|---|
| Health care and social assistance | 20.8% | 14.2% |
| Retail trade | 12.7% | 11.8% |
| Manufacturing | 10.8% | 10.3% |
| Construction | 6.0% | 6.8% |
| Accommodation and food services | 4.8% | 5.4% |
| Other services, such as repair and personal care | 4.3% | 4.4% |
The sector that sets Baie-Comeau apart is health care, at 1.5 times its weight across Quebec. That concentration shows up in deposit patterns, from contract payments to seasonal peaks.
Hospitals, schools and public offices anchor local jobs. That tends to smooth retail and service deposits. Expect a Baie-Comeau winter slowdown in construction and a post-holiday dip in spending.
Seasonal owners do better applying with a year of statements ready.
A dental practice in Baie-Comeau with about $147,000 in monthly deposits takes $88,000 to cover payroll during a slow-paying contract at a 1.26 factor rate, for a total payback of $110,880 over about 10 months. That works out to roughly $2,561 a week, or about 8% of monthly deposits; the cost is fixed at $22,880 however quickly it is repaid on schedule.
Not an offer: real terms vary by file. Run your own figures in the calculators.
Based on the Baie-Comeau industry mix, in order of fit:
Related: Medical clinics, Dental practices, Retail, Grocery stores, Manufacturing.
Public and private funding can work together: approved projects in Baie-Comeau sometimes use an advance until the program pays (details).
Our team is not located in Baie-Comeau. You apply online and talk to a specialist by phone or email.
Around $20,000 a month in deposits is where many Canadian files begin. About 12 months in business and few low-balance days help. Credit is read too: 500 and up is considered, 600+ is stronger. None of this is guaranteed and it varies by funder. The paperwork: the application plus four recent months of statements. Ready? Begin the application. Questions: (305) 384-8391.
From Baie-Comeau, the nearest places with their own guide are Matane (63 km), Mont-Joli (70 km), Rimouski (90 km), Amqui (99 km), Sainte-Anne-des-Monts (121 km).
More QC towns: Quebec funding guide.
Yes. Baie-Comeau, QC files are reviewed like any Canadian file: deposits, time in business and account health.
The 2021 Census counted 20,687 people in Baie-Comeau, a -3.9% change from 2016.
Health care, retail and manufacturing employ the most people; health care stands out against Quebec.
Canada Economic Development for Quebec Regions (CED) covers Baie-Comeau. Its support is project-based and slower than a business cash advance.
No. We work remotely; there is no local office in Baie-Comeau, and none is needed.
Educational information only. It is not legal, tax or accounting advice.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
