MRC Abitibi — Local Investment Fund (FLI)
QC, Canada
Financial support for businesses in Abitibi for growth
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC Abitibi
grant_single|status
grant_card_status|open
grant_single_labels|preview
<p>The local investment funds at CLD Abitibi offer repayable financial aid in the form of loans, with the Local Investment Fund (FLI) offering a specific FLI-Relève component that provides up to $35,000 to entrepreneurs aiming to acquire at least 25% of an existing business for succession. These funds aim to stimulate local entrepreneurship, support new and existing businesses, and create sustainable employment in the MRC d’Abitibi.</p>
grant_single_labels|terms_and_conditions
The MRC Abitibi Local Investment Fund (FLI) provides diverse financial solutions through repayable loans and non-repayable financial aid to support business projects and stimulate local entrepreneurship.
- Offers repayable loans through the Local Investment Fund (FLI) and Local Solidarity Fund (FLS).
- The FLI includes a succession component (FLI-Relève) with loans ranging from $5,000 to $35,000 for acquiring significant equity in existing businesses.
- FLI-Relève allows for a repayment moratorium of up to one year.
- Provides non-repayable financial aid for specific project needs related to business development financed by local funds.
grant_single_labels|projects
The Local Investment Fund (FLI) focuses on stimulating local entrepreneurship through access to capital, aiding financially and technically new and existing businesses to create and maintain sustainable jobs in the MRC d'Abitibi territory. Eligible projects involve providing loans and financial support to facilitate sustainable business operations and successful project developments.
- Financial aid to newly formed or existing businesses to encourage local entrepreneurship.
- Support for business projects that result in economic gains within the MRC d'Abitibi territory.
- Funding business transfers with significant stakeholder acquisition, facilitating succession in local enterprises through the FLI-Relève segment.
- Providing financial assistance for critical business areas to ensure the successful implementation of funded projects.
grant_single_labels|admissibility
Eligibility for the local investment funds is determined by specific criteria related to the business's registration and economic impact.
- The business must be legally constituted and registered with the Registraire des entreprises du Québec (REQ).
- The business's headquarters must be located within the MRC d’Abitibi territory.
- The business must generate economic benefits within the MRC d’Abitibi territory.
- All legal forms of business are eligible; however, only social economy enterprises are eligible among non-profit organizations (OBNL), subject to certain conditions.
grant_eligibility_criteria|who_can_apply
Any legally established business (registered with the Quebec Business Register) with its headquarters in the MRC of Abitibi territory that generates economic benefits in that area. All legal forms of business are eligible. However, for non-profit organizations, only social economy enterprises are eligible under certain conditions.
grant_eligibility_criteria|zone
This grant is available to businesses legally constituted in a specific area to stimulate local economic development. The eligible geographical area is limited to enhance community-focused economic growth.
- Companies with their headquarters located in the MRC d'Abitibi area.
grant_single_labels|register
Here are the steps to submit an application for the financial aid from the Fonds locaux at CLD Abitibi:
- Step 1: Contact CLD Abitibi
- Reach out to them via telephone at 819-732-6918 or via email at info@cldabitibi.com to discuss your project and determine your eligibility.
- Step 2: Gather Necessary Documentation
- Ensure your business is legally constituted and registered with the Registraire des entreprises du Québec (REQ), as this is a key eligibility criterion.
- Prepare a detailed business plan and financial projections that accentuate the economic benefits your project will bring to the MRC d'Abitibi.
- Step 3: Submit Application
- Submit your completed application along with all required documentation to CLD Abitibi following the guidance received in your initial contact.
- Step 4: Await Feedback
- After submission, wait for feedback or requests for further information from CLD Abitibi regarding your application status.
grant_single_labels|otherInfo
Here are additional relevant details for this financing program:
- The FLI-Relève component allows for a repayment moratorium of up to one year, providing flexibility and financial security to entrepreneurs.
