Rouyn-Noranda — Local Investment (FLI) and Solidarity (FLS) Funds
grant_single|update January 24, 2025
Rouyn-Noranda, QC
Offers business loans up to $250,000 from FLI-FLS
grant_single_labels|summary
grant_single|eligibleFinancing
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- 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|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 is available to companies specifically within the jurisdiction of the CLD Rouyn-Noranda, indicating a focus on regional development within that area.
- Businesses operating within the region of Rouyn-Noranda.
grant_single_labels|apply
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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