MRC Charlevoix — FQM Business Succession Fund QC Canada

MRC Charlevoix — FQM Business Succession Fund

Québec, QC, Canada
Financial support program for entrepreneurial transition and acquisition
grant_single_labels|summary
grant_single_labels|preview
grant_single_labels|projects
grant_single_labels|admissibility
grant_single_labels|register
grant_single_labels|otherInfo

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateJuly 01, 2023
  • grant_single|closingDateSeptember 30, 2023
grant_single|financingType
Grant and Funding
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • MRC Charlevoix
grant_single|status
grant_card_status|open

grant_single_labels|preview

The grant provides a maximum funding amount of $100,000 per project as a non-repayable contribution aimed at supporting entrepreneurship, business initiation, expansion, and economic development within the MRC de Charlevoix. Eligible activities include creating and supporting viable enterprises, job development, and enhancing the local economic territory, with specific provisions for property transfer and entrepreneurship succession planning.

grant_single_labels|projects

The grant focuses on supporting the entrepreneurship and economic development within the Charlevoix region through a variety of targeted funds. Eligible projects and activities are tailored to boost job creation, business expansion, and innovation.
  • Funding for creating and sustaining viable businesses through start-up, expansion, or acquisition.
  • Support for social economy enterprises to stimulate the emergence of sustainable projects and job creation.
  • Encouragement of entrepreneurship by supporting property transfers of existing businesses and promoting entrepreneurial succession.
  • Assistance for accessing specialized expertise to improve productivity, profitability, and business sustainability.
  • Support for special projects that diversify developments and enhance territorial vitality.
  • Aid to help entrepreneurs acquire existing businesses with the support of the Local Investment Fund (FLI).
  • Support for diligence verification, business transfer agreements, and professional fees related to entrepreneurship succession projects.

grant_single_labels|admissibility

Eligibility for the Fonds Relève Entreprise grant is determined by specific criteria related to the applicant and the target enterprise.
  • The enterprise to be acquired must be legally constituted under the laws of the Government of Quebec or Canada and must have an establishment in Quebec.
  • If the successor is not incorporated, they must be a Canadian citizen or a permanent resident.
  • The successor must be linked to a project that has received funding from the Fonds local d’investissement (FLI) of the MRC or the municipality exercising the powers of the MRC.
  • The professional sought for the enterprise's assessments must have expertise enabling them to intervene in a business succession project.

grant_eligibility_criteria|who_can_apply

The grant is open to entrepreneurs seeking to acquire a legally incorporated business in Quebec. Eligible applicants must have financing from a Fonds local d’investissement (FLI) of a municipal regional county (MRC) or a municipality exercising MRC powers, aiming to acquire a business in Quebec legally constituted under the laws of Quebec or Canada. Entrepreneurs can include family members, employees, external acquirers, and collective takeovers. Transfer of business ownership services supported by the fund may include due diligence, drafting of the acquisition agreement, and professional fees for specialists such as accountants, lawyers, or HR specialists.

grant_eligibility_criteria|eligible_expenses

This grant covers specific specialized services to aid in the acquisition or transfer of a business.
  • Due diligence costs to determine the fair market value of a business.
  • Preparation fees for the business succession agreement.
  • Professional fees for specialists, such as accountants, lawyers, notaries, and human resources experts.

grant_eligibility_criteria|zone

This grant supports companies located within regions that play a role in the development and vitality of entrepreneurship in Canada. The eligibility criteria are focused on specific regional jurisdictions that are emphasized within the funding program's mandate.
  • Companies in the MRC of Charlevoix.
  • Organizations in the region of Capitale-Nationale.
  • Enterprises in municipalities that exercise municipal regional county (MRC) powers in Québec.
  • Businesses legally constituted and with establishments in Québec.

grant_single_labels|register

  • Step 1: Obtain Necessary Documents
  • Download the required guide for drafting your business plan.
  • Access the business plan template in Word format to complete for submission.
  • Step 2: Prepare Business Plan
  • Utilize the business plan guide to draft a comprehensive business proposal.
  • Ensure your plan aligns with the objectives of the specific fund you are applying for.
  • Step 3: Gather Supporting Documents
  • Prepare all necessary financial statements and project outlines.
  • Collect any required endorsements or letters of support.
  • Step 4: Complete Application Forms
  • Download and fill out the investment policy form available online.
  • Ensure all sections of the form are filled accurately and completely.
  • Step 5: Submit Application
  • Submit the completed application form and all supporting documents to the designated submission portal or address.
  • Verify the deadline and ensure submission is made on or before the specified date.
  • Step 6: Confirmation and Follow-Up
  • Check for acknowledgment of receipt from the funding body.
  • Maintain records of the application submission and any correspondence.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The grant provides a combination of non-repayable contributions and interest-free loans.
  • No funding is available for equipment replacement under FDEÉS if it previously received funding from the same source.
  • Application analysis occurs tri-annually on specific dates: 30th September, 30th December, and 30th April.
  • Financial aid from the Fonds Relève Entreprise requires coordination with the FLI.
  • Pre-application fees or expenses are not eligible for reimbursement.

Apply to this program