MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Who is eligible for the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream program?

To be eligible for the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream program, you must: • The business must be located within the territory covered by the Politique nationale de la ruralité. • The participant must acquire at least 25% equity in an existing company.

Q: Who can I contact for more information about the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream?

You can contact MRC La Côte-de-Beaupré.

Q: Where is the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream available?

The MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream program is available the province of QC.

Q: Are youth (under 40) eligible for the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream program?

Yes, youth under 40 are eligible to apply for the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream program.

Last Update: July 22, 2025

QC, Canada

Interest-free loan supporting youth acquiring 25% business ownership

At a glance

Eligible Funding

Max. $150,000
Up to 25% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

Overview

The Fonds local d’investissement (FLI) – Volet relève provides financial support up to $150,000 in the form of an interest-free loan with a capital repayment holiday for the first year, aiming to assist young individuals in acquiring at least a 25% financial stake in an existing business located within the designated rural area according to the Politique nationale de la ruralité. The program is designed to facilitate significant financial participation for young entrepreneurs in established enterprises.

Financing terms and conditions

This grant offers specific financing modalities aimed at enabling young individuals to make significant financial investments in existing businesses, thus promoting business succession. The terms are structured to facilitate ease of entry through flexible repayment options.

Maximum financial assistance of $150,000.
Provided in the form of an interest-free loan.
Capital repayment holiday for the first year.

Activities funded

The grant supports activities for young entrepreneurs who wish to acquire significant financial participation in existing businesses. These activities are geared towards facilitating ownership transition and enhancing local economic stability.

Purchase of shares or equity in an existing company.
Securing financial investment to acquire company assets.
Co-financing structures to enable leadership succession in a business.
Legal and financial advisory services related to the acquisition process.
Due diligence activities related to acquiring a 25% or more stake in a company.

Eligibility

Eligibility for the solutions de financement administered by Développement Côte-de-Beaupré may be determined by various factors, although specific criteria are not explicitly detailed in the context provided.

The applicant's business must be experiencing growth or facing challenges requiring financial advice or solutions.
The project must be related to starting, acquiring, or consolidating an existing business.
The applicant may need to demonstrate specific needs or project evolution that aligns with the available funding solutions.

Who is eligible?

This grant program is designed to support businesses within the Côte-de-Beaupré region seeking financial solutions to aid in their expansion or overcoming difficulties. Applicants are provided with a variety of funding solutions, including local investment funds, microcredit, and support for autonomous work.

Eligible geographic areas

This grant is specifically targeted for companies situated within a certain geographical scope as dictated by the policy.

Businesses located within the territory of application defined by the Politique nationale de la ruralité.

How to apply

Evaluation of your financial needs

Consult an advisor to understand the available financing options.
Identify which financing solution best suits your project among those proposed (FLI/FLS, Micro-Credit, Social Economy Business Development Fund, etc.).

Preparation of the file

Gather all necessary information about your company and your project.
Write a clear description of the project, its objectives, and its potential impact.

Submission of the request

Submit all required documents to Development Côte-de-Beaupré.
Send the application by the agreed means with the organization (email, online portal, or other specific method mentioned by the organization).

Additional information

Here are additional relevant details for this grant:

The interest-free loan aspect allows young entrepreneurs to reinvest savings into the business instead of covering interest payments, potentially accelerating their growth trajectory.
The repayment holiday during the first year provides financial relief, allowing the business to stabilize under new ownership and management.
The process for seeking this grant may offer networking opportunities with other young entrepreneurs and business mentors in the rural community.

Apply to this program

Frequently Asked Questions about the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream Program

Here are answers to the most common questions about the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.