MRC Abitibi — Local Investment Fund (FLI)
At a glance
- Maximum amount : 35,000 $
- Minimum amount : 5,000 $
- Unspecified
- All industries
- Abitibi
- For-profit business
- Sole proprietorship
- Social economy enterprise
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Overview
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.
Activities funded
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.
Eligibility
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.
Who is eligible?
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.
Eligible geographic areas
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.
How to apply
Initial contact
- Call the CLD Abitibi at 819 732-6918 to discuss available financing options.
- Email info@cldabitibi.com to receive additional information and confirm eligibility.
Preparation of the request
- Prepare the necessary documents for the application, including registration with the Registrar of Enterprises of Quebec if necessary.
- Draft a detailed business plan covering the financial and operational aspects of the project.
Submission of the request
- Provide all required documents at the appointment with a CLD consultant.
- Complete the application form provided by CLD Abitibi.
Request follow-up
- Wait for the CLD's response regarding approval or the request for additional documents.
- Interact with the CLD to clarify and complete if necessary.
Additional information
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.
Frequently Asked Questions about the MRC Abitibi — Local Investment Fund (FLI) Program
What is the MRC Abitibi — Local Investment Fund (FLI)?
How much funding can be received?
What expenses are eligible under MRC Abitibi — Local Investment Fund (FLI)?
What is the deadline to apply?
Is the MRC Abitibi — Local Investment Fund (FLI) a grant, loan, or tax credit?
Who are the financial supporters of the MRC Abitibi — Local Investment Fund (FLI)?
Who is eligible for the MRC Abitibi — Local Investment Fund (FLI) program?
Who can I contact for more information about the MRC Abitibi — Local Investment Fund (FLI)?
Where is the MRC Abitibi — Local Investment Fund (FLI) available?
Are startups eligible for the MRC Abitibi — Local Investment Fund (FLI) program?
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