Open
Last Update: April 9, 2026
Funding available
$ 250,000
Timeline
- Open continuously
Location
Montérégie, Quebec, Canada
Overview
This program provides financing of up to $250,000 per company for business start-up, expansion, acquisition, and succession projects. It supports viable businesses and projects that create jobs and contribute to local economic development.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Increase production or service capacity
- Increase operational productivity
Eligible Funding
- Maximum amount : 250,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Pierre-De Saurel
- Montérégie
- Quebec
Legal structures
- Non-profit
- Public or Parapublic institution
- Non-financial cooperative
- Social economy enterprise
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
- Startups
Non-profit candidates
Sector of operation
- Economic, Social and Community Development
Target groups
- Business owners / entrepreneurs
Revenue structures
- Mixed revenue (50%+ earned)
Scope
- Regional
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business start-up projects
- Business growth, expansion, and transformation projects
- Business acquisition and entrepreneurial succession
- Temporary bridge financing and turnaround projects under FLS
Documents Needed
- Completed, dated, and signed application form
- Business plan or detailed project description
- Detailed breakdown of project expenses
- Financial structure and proof of other financing
- Financial statements for the last three years
- Interim and projected financial statements, if required
Eligibility
Who is eligible?
- For-profit businesses legally incorporated in Quebec or Canada
- Social economy enterprises, including cooperatives and non-profits with commercial activities
- Businesses operating in the MRC of Pierre-De Saurel
Who is not eligible
- Businesses listed in the RENA registry
- State-owned or government-controlled companies
- Businesses under bankruptcy or insolvency protection
- Companies involved in weapons, fossil fuels, gambling, violent games, sexual exploitation, or real estate development
- Businesses mainly involved in tobacco or drug-related activities
Eligible expenses
- Working capital needed for the project
- Land, buildings, equipment, machinery, and vehicles
- Construction, expansion, renovation, and site or premises setup
- Professional fees tied to feasibility, audits, implementation, acquisition, or transaction
Ineligible Costs and Activities
- Costs incurred before the application is submitted
- Debt service, loan repayment, and capital replacement
- Research and development expenses
- Normal operating expenses of the business
- Quebec sales taxes
Eligible geographic areas
- MRC of Pierre-De Saurel
- Quebec
Selection criteria
- Economic viability and repayment capacity
- Promoter experience and management skills
- Job creation in the territory
- Environmental and social benefits
- Alignment with regional priorities and local economic development
How to apply
- Step 1: Prepare the application
- Complete the application form.
- Prepare the business plan or project description.
- Assemble the required financial information and supporting documents.
- Step 2: Submit the file
- Send the complete application to the MRC handling the fund.
- Step 3: Review and decision
- The MRC reviews the file as soon as all required information is received.
- The application is analyzed and a decision is issued.
Processing and Agreement
- Applications are reviewed by the MRC
- Files are analyzed continuously once all required information is received
- Decisions are made in line with budget availability and program rules
- The fund may seek legal recovery measures if borrower obligations are not respected
Additional information
- The fund is managed by the MRC of Pierre-De Saurel.
- Applications are reviewed continuously when all required information is provided.
- A non-refundable opening fee of $150 per file applies.
- A monitoring fee of 1% of the initial loan amount is payable annually for the duration of the loan.
Frequently Asked Questions about the DEPS — Local Investment Fund Program
What is the DEPS — Local Investment Fund?
This program provides financing of up to $250,000 per company for business start-up, expansion, acquisition, and succession projects. It supports viable businesses and projects that create jobs and contribute to local economic development.
How much funding can be received?
DEPS — Local Investment Fund Funds up to $250,000 of admissible expenses.
Who is eligible for the DEPS — Local Investment Fund program?
To be eligible for the DEPS — Local Investment Fund program, you must:
Quebec business in the MRC
Project viability and profitability
Required equity contribution
What expenses are eligible under DEPS — Local Investment Fund?
Business start-up projects
Business growth, expansion, and transformation projects
Business acquisition and entrepreneurial succession
Temporary bridge financing and turnaround projects under FLS
Who can I contact for more information about the DEPS — Local Investment Fund?
You can contact MRC de Pierre-De Saurel (MRC).
Where is the DEPS — Local Investment Fund available?
The DEPS — Local Investment Fund program is available Montérégie, Quebec.
Is the DEPS — Local Investment Fund a grant, loan, or tax credit?
DEPS — Local Investment Fund is a Loans and Capital investments