If you’re launching a business in New Caledonia and facing initial cash flow challenges, the Working Capital Assistance under the CASE program can help. This support is designed for micro-enterprises and small businesses in eligible sectors, covering part of the working capital needed for the first year of operation, with a ceiling of up to 1,500,000 CFP francs.
Objectives
The Working Capital Assistance aims to mitigate initial cash flow deficits that could jeopardize the sustainability of new businesses. It is established under the Code of Aids for Economic Support in Nouvelle-Calédonie – Province Sud (CASE), ensuring that entrepreneurs have the necessary financial backing to establish their operations successfully.
Beneficiaries
This assistance is available to various business types in New Caledonia. Eligible beneficiaries include:
- Micro-enterprises
- Small and medium-sized enterprises (SMEs)
- Artisans
- Traders
- Social and Solidarity Economy entities
- Liberal professions
Excluded are businesses not classified within these sectors.
Eligible operations
The assistance covers part of the working capital required to launch a project, specifically addressing the financial needs for the first 12 months of activity. It is significant for businesses to demonstrate their cash flow requirements through a forecast statement.
Eligibility conditions
To qualify for this assistance, applicants must:
- Provide a detailed forecast cash flow statement to the instructing department, outlining the working capital needs based on initial business results.
Grant amount
The assistance cannot exceed the calculated need for 12 months of activity, with a maximum ceiling set at 1,500,000 CFP francs. This support is critical for businesses to stabilize their operations during the initial phase.
Can I apply for Working Capital Assistance if my business is newly established?
Yes, this assistance is specifically designed for new businesses facing initial cash flow challenges.
What types of businesses are eligible for this assistance?
Eligible businesses include micro-enterprises, SMEs, artisans, traders, and entities in the Social and Solidarity Economy.
How do I demonstrate my cash flow needs?
You must provide a forecast cash flow statement outlining your working capital requirements based on your initial business results.
Is there a maximum amount I can receive?
Yes, the assistance ceiling is set at 1,500,000 CFP francs, covering part of your working capital for the first year.
How can I apply for this assistance?
You can apply online through the designated application portal.