Rouyn-Noranda — Local Investment (FLI) and Solidarity (FLS) Funds
Rouyn-Noranda, QC, Canada
Offers business loans up to $250,000 from FLI-FLS
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Accommodation and food services
- Other services (except public administration)
- Public administration
grant_single|grantors
- City of Rouyn-Noranda
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds locaux d’investissement (FLI) and Fonds local de solidarité (FLS) programs provide loans up to $250,000 to support projects related to business startup, expansion, improvement, transformation, acquisition, or entrepreneurial succession. Eligible activities include cash flow related to the project, capital expenses, and professional fees across various sectors such as primary, tertiary, rural, tourism, manufacturing, sustainable development, and circular economy.
grant_single_labels|projects
This grant provides financial support to businesses for various project types across multiple sectors. These eligible projects include activities that aid in the growth, transformation, or succession of an enterprise.
- Enterprise startup projects.
- Business expansion initiatives.
- Improvement and transformation of existing businesses.
- Acquisitions of other businesses.
- Entrepreneurial succession or business transfer projects.
grant_single_labels|admissibility
Eligibility for the Fonds locaux d’investissement (FLI) et de solidarité (FLS) is determined by specific requirements related to the type of projects and sectors the applicant operates within.
- The project must involve one of the following activities: startup, expansion, improvement and transformation of a business, acquisition of a business, or entrepreneurial succession (business transfer).
- The funding is available for cash flow related to the project, capital expenditures (such as equipment and buildings), and professional fees.
- Applicants must provide a minimum of 20% of the total project cost as a down payment.
- Eligible sectors include the primary sector, the tertiary motor sector, local services, rural sector, tourism sector, manufacturing sector, and sectors involved in sustainable development and circular economy.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Fonds locaux d’investissement (FLI) et de solidarité (FLS) include businesses involved in starting up, expanding, improving and transforming existing enterprises, acquiring new businesses, and entrepreneurial succession (business transfer).
grant_eligibility_criteria|eligible_expenses
The grant funds various expenses directly related to business project realization and development.
- Working capital related to the project.
- Capital expenditures, including equipment and buildings.
- Professional fees.
grant_eligibility_criteria|zone
This grant specifically applies to the projects managed by CLD Rouyn-Noranda, indicating a regional focus on that area.
- Rouyn-Noranda area.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Contact CLD Rouyn-Noranda
- Reach out to CLD Rouyn-Noranda for initial consultations and information at 819-762-0142 or info@cldrn.ca.
- Consider scheduling a meeting for detailed guidance on the application process.
- Step 2: Prepare Required Documents
- Complete the application form, ensuring it is dated and signed. The form can be accessed via their website.
- Prepare a business plan if your project involves starting a new business.
- Gather your company’s financial statements.
- Develop financial forecasts for the proposed project.
- Collect any additional documents as required by CLD Rouyn-Noranda.
- Step 3: Submit the Application
- Bundle your completed application form and all supporting documents.
- Submit your application package directly to CLD Rouyn-Noranda.
- Step 4: Receive Confirmation
- Wait for confirmation from CLD Rouyn-Noranda regarding receipt and processing of your application.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Financing is offered in the form of a term loan subject to a personal guarantee.
- Flexible repayment schedules are available that are adapted to the business's realities.
- Capital repayment vacations can range from 12 to 36 months, depending on the case.
- A 20% investment from the total project cost is required from the applicants.
- The interest rate is competitive, beginning with a base rate plus a risk premium, with possible interest rate reductions for sustainable development performance.
- The interest rate reduction for sustainable development performance can range between 0 and 1.5%.
- All applications are managed by the CLD Rouyn-Noranda, which also provides counseling support throughout the application process.
- An informative newsletter is available for ongoing updates and information on economic development and entrepreneurship in Rouyn-Noranda.
grant_single_labels|contact
info@cldrn.ca
819-762-0142
