MRC Abitibi — The Local Solidarity Fund (FLS)
Last Update: May 13, 2025
Abitibi, QC
Local entrepreneurial loans for economic resilience and growth
MRC Abitibi — The Local Solidarity Fund (FLS) at a glance
Eligible Funding
- From $5,000 to $35,000
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- MRC Abitibi
Status
Open
Overview of the MRC Abitibi — The Local Solidarity Fund (FLS) program
The CLD Abitibi's local investment funds offer repayable financial aid in the form of loans to stimulate local entrepreneurship, with a maximum funding amount of $35,000 available through the FLI-Relève program. This initiative supports new and existing businesses that contribute to economic benefits within the MRC d'Abitibi territory, particularly those striving for business succession or continuity.
Financing terms and conditions
The Local Solidarity Fund (FLS) provides financing support to stimulate local entrepreneurship through various financial solutions. The modalities focus on providing repayable financial assistance to eligible enterprises.
- Offers repayable financial assistance in the form of loans to facilitate business projects.
- Funding is aimed at supporting both new and existing enterprises to create and maintain jobs on the MRC of Abitibi territory.
- Special terms may apply for projects related to the acquisition of existing businesses.
Eligible projects & activities
The Local Solidarity Fund (FLS) is designed to encourage the growth of new and existing businesses and the maintenance of sustainable employment within the MRC of Abitibi. The fund provides financial support for various types of entrepreneurial activities aimed at revitalizing the local economy.
- Business startups engaging in innovative or community-benefiting projects.
- Expansion projects for existing businesses to boost economic impact.
- Acquisition and succession planning for local businesses.
- Financial support for social economy enterprises under specific conditions.
- Projects that create or maintain jobs on the MRC of Abitibi territory.
Eligibility criteria of the MRC Abitibi — The Local Solidarity Fund (FLS) program
Eligibility for the Fonds locaux at CLD Abitibi is based on specific criteria related to the business's legal status and location.
- The enterprise must be legally constituted and registered with the Registraire des entreprises du Québec (REQ).
- The enterprise's head office must be located within the territory of the MRC d’Abitibi.
- The enterprise must generate economic benefits within the MRC d’Abitibi.
- All forms of legal business entities are eligible, but for non-profit organizations (NPOs), only those that are social economy enterprises are eligible.
Who is eligible?
Eligible applicants for the Fonds locaux under the CLD Abitibi include legally constituted businesses registered with the Quebec Enterprise Register (REQ) that have their head offices located within the MRC d’Abitibi. These businesses must generate economic benefits on this territory. All legal forms of businesses are eligible; however, for non-profit organizations (NPOs), only those involved in social economy are eligible and must meet additional specific conditions.
Eligible geographic areas
The Local Solidarity Fund is accessible to companies whose headquarters are situated within a specific area to promote regional economic benefits. Eligible areas are defined to align with the local economic development strategy.
- Companies located within the territory of the MRC d’Abitibi.
How to apply to the MRC Abitibi — The Local Solidarity Fund (FLS) program
1
Initial contact
Contact the CLD Abitibi to discuss your project and the available financing options.
2
Preparation of the request
- Draft a business project proposal including the objectives and expected outcomes.
- Gather all required documents, including those related to the legal formation of the business and its registration with the REQ.
3
Submission of the request
Send the documentation and the complete funding application to CLD Abitibi by email or by the method agreed upon during the initial contact.
4
Review and Adjustments
Work in collaboration with the CLD Abitibi to make adjustments or provide additional information if required.
5
Decision
Receive a notification of the decision regarding your funding application.
Additional information
Here are additional relevant details for these funds:
- The Fonds local d’investissement includes a specific component called FLI-Relève which specifically supports entrepreneurs planning to take over an existing business, with loans ranging between $5,000 and $35,000.
- The FLI-Relève allows for a repayment moratorium of up to one year.
- There is a non-repayable financial support measure available to assist businesses with occasional needs following the funding of a business project through the local funds.
Contact MRC Abitibi
8197326918