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MRC Charlevoix — FQM Business Succession Fund - Quebec - Canada
Closed
Source verified April 9, 2026

MRC Charlevoix — FQM Business Succession Fund

Support for business succession and transfer
Offered by
MRC Charlevoix (MRC)
Funding available
$ 5,000
Deadline
April 30, 2024
Location
Capitale-Nationale, Quebec, Canada
Who can apply

Entrepreneurs with FLI financing

See full eligibility

Overview

This program supports business succession in Quebec by helping entrepreneurs access specialized services for an acquisition or transfer. It funds due diligence, transfer agreement preparation, and professional advisory services linked to a business takeover.
/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Complete an acquisition or business transfer
Eligible Funding
  • Maximum amount : 5,000 $
  • Up to 50% of project cost
Funds Providers

Eligible candidates

Eligible Industries
  • All industries
Location
  • Charlevoix
  • Capitale-Nationale
  • Quebec
Legal structures
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Youth (<40)
  • Startups

Next Steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Acquisition of part or all of an existing business
  • Business transfer and succession planning
  • Due diligence and transfer preparation for a takeover

Documents Needed

  • Application form
  • Business plan
  • Guide d’affaires or project support documents
  • Business takeover or transfer documents

Eligibility

Who is eligible?

  • Entrepreneurs with FLI financing
  • Family buyers
  • Employee buyers
  • External buyers, including collective takeovers

Who is not eligible

  • Buyers without FLI-backed financing
  • Projects involving businesses not legally constituted in Quebec
  • Applicants who do not have the required Canadian citizenship or permanent residency when not incorporated

Eligible expenses

  • Due diligence to determine fair market value
  • Preparation of the business transfer agreement
  • Professional fees for specialists such as accountants, lawyers, notaries, and HR experts

Ineligible Costs and Activities

  • Expenses incurred before the application is submitted

Eligible geographic areas

  • Quebec
  • MRCs and municipalities exercising MRC powers

Selection criteria

  • The business to be acquired must be legally constituted under Quebec or Canadian law and have an establishment in Quebec.
  • The succession project must already be financed by the local investment fund.
  • The supporting professional must be qualified for business succession work.

How to apply

  • Step 1: Confirm eligibility
    • Make sure the project is linked to FLI financing and involves a Quebec business transfer.
  • Step 2: Prepare the request
    • Complete the application form and gather the required succession documents.
  • Step 3: Submit the application
    • Send the file through the MRC or the delegated municipal organization.
  • Step 4: Receive the decision
    • If approved, the authorized amount is paid through the MRC or delegated body.

Processing and Agreement

  • The MRC or delegated organization pays the approved amount under the FQM program.
  • The beneficiary must have an approved FLI-backed succession project.
  • Pre-application expenses are excluded from reimbursement.

Additional information

  • The business to be acquired must be legally constituted and have an establishment in Quebec.
  • The buyer may be a family member, employee, external buyer, or collective takeover.
  • Funding is paid by the MRC or delegated body to the supported promoter under the FLI framework.
  • Expenses incurred before the application is submitted are not eligible.

Frequently Asked Questions about the MRC Charlevoix — FQM Business Succession Fund Program

What is the MRC Charlevoix — FQM Business Succession Fund?

This program supports business succession in Quebec by helping entrepreneurs access specialized services for an acquisition or transfer. It funds due diligence, transfer agreement preparation, and professional advisory services linked to a business takeover.

How much funding can be received?

MRC Charlevoix — FQM Business Succession Fund Funds up to 50% of admissible expenses, capped at $5,000 per project.

Who is eligible for the MRC Charlevoix — FQM Business Succession Fund program?

To be eligible for the MRC Charlevoix — FQM Business Succession Fund program, you must: FLI-backed entrepreneur Quebec-incorporated business Business succession project

What expenses are eligible under MRC Charlevoix — FQM Business Succession Fund?

Acquisition of part or all of an existing business Business transfer and succession planning Due diligence and transfer preparation for a takeover

Where is the MRC Charlevoix — FQM Business Succession Fund available?

The MRC Charlevoix — FQM Business Succession Fund program is available Capitale-Nationale, Quebec.

Is the MRC Charlevoix — FQM Business Succession Fund a grant, loan, or tax credit?

MRC Charlevoix — FQM Business Succession Fund is a Expert Advice

Who are the financial supporters of the MRC Charlevoix — FQM Business Succession Fund?

MRC Charlevoix — FQM Business Succession Fund is funded by MRC Charlevoix (MRC)