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Rouyn-Noranda — FQM Business Succession Program
Support for business succession professional services
Last Update: April 9, 2026
Funding available
$ 5,000
Timeline
- Open Date : October 6, 2025
Location
Rouyn-Noranda, Abitibi-Témiscamingue, Quebec, Canada
Overview
This program supports business succession by helping cover professional services linked to buying part or all of a business. It can fund due diligence, fair market value assessment, and succession agreement preparation, up to 50% of eligible costs and a maximum of $15,000 per beneficiary.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
Eligible Funding
- Maximum amount : 5,000 $
- Up to 50% of project cost
Timeline
- Open Date : October 6, 2025
Eligible candidates
Eligible Industries
- All industries
Location
- Rouyn-Noranda
- Abitibi-Témiscamingue
- Quebec
Legal structures
- Public or Parapublic institution
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business succession and ownership transfer projects.
- Acquisition of part or all of a business.
- Family, employee, external, or collective business takeover projects.
Documents Needed
- Application form
Eligibility
Who is eligible?
- MRC development services.
- Delegated organizations of an MRC.
- Entrepreneurs supported by an FLI-backed succession project.
Who is not eligible
- Applicants without an FLI-supported succession project.
- Businesses without a legal constitution in Quebec or Canada.
- Repreneurs who are not Canadian citizens or permanent residents, when not incorporated.
Eligible expenses
- Due diligence to determine fair market value.
- Preparation of the business succession agreement.
- Professional fees for specialized advisors such as accountants, lawyers, notaries, and HR specialists.
Ineligible Costs and Activities
- Costs already covered by another non-repayable government aid program.
- Projects combining the same type of public aid for the same project.
Eligible geographic areas
- Quebec
Selection criteria
- The business to be acquired must be legally incorporated under Quebec or Canadian law and have an establishment in Quebec.
- If the successor is not incorporated, they must be a Canadian citizen or permanent resident.
- The project must have FLI support, and may also be supported by the FLS.
- The professional selected must have recognized expertise in business succession.
How to apply
- Step 1: Prepare the succession request
- Confirm that the project is supported by an FLI loan.
- Identify the specialized services needed for the business takeover.
- Step 2: Submit through the MRC
- Only the MRC development services or its delegated organization can submit the file.
- Complete the registration form to place the request on the waiting list if funds are not available.
- Step 3: FQM review
- The FQM reviews requests on a monthly basis.
- If funds are available, the FQM issues an acknowledgment of receipt and reserves an amount for the project.
- Step 4: Final approval and payment
- Wait for final approval from the FQM.
- After approval, the MRC or delegated organization can pay the authorized amount according to the program terms.
Processing and Agreement
- Applications are reviewed monthly.
- The FQM sends an acknowledgment of receipt and may reserve an amount for the project.
- The reservation is time-limited before final approval.
- After final FQM approval, the MRC or delegated organization can pay the authorized amount.
Additional information
- Only one application is processed per company.
- Once the application is processed, no supporting documents can be added.
- Applications are reviewed monthly.
- Reserved funding is temporary and requires FQM approval before payment.
Frequently Asked Questions about the Rouyn-Noranda — FQM Business Succession Program Program
What is the Rouyn-Noranda — FQM Business Succession Program?
This program supports business succession by helping cover professional services linked to buying part or all of a business. It can fund due diligence, fair market value assessment, and succession agreement preparation, up to 50% of eligible costs and a maximum of $15,000 per beneficiary.
How much funding can be received?
Rouyn-Noranda — FQM Business Succession Program Funds up to 50% of admissible expenses, capped at $5,000 per project.
Who is eligible for the Rouyn-Noranda — FQM Business Succession Program program?
To be eligible for the Rouyn-Noranda — FQM Business Succession Program program, you must:
FLI-backed succession project.
Quebec-based legal business acquisition.
Qualified professional services required.
What expenses are eligible under Rouyn-Noranda — FQM Business Succession Program?
Business succession and ownership transfer projects.
Acquisition of part or all of a business.
Family, employee, external, or collective business takeover projects.
Where is the Rouyn-Noranda — FQM Business Succession Program available?
The Rouyn-Noranda — FQM Business Succession Program program is available Abitibi-Témiscamingue, Quebec.
Is the Rouyn-Noranda — FQM Business Succession Program a grant, loan, or tax credit?
Rouyn-Noranda — FQM Business Succession Program is a Grant and Funding
Who are the financial supporters of the Rouyn-Noranda — FQM Business Succession Program?
Rouyn-Noranda — FQM Business Succession Program is funded by City of Rouyn-Noranda