MRC La Jacques-Cartier — Local Investment Fund (FLI)
grant_single|update January 24, 2025
QC, Canada
Local Investment Fund supports business growth and entrepreneurship
grant_single_labels|summary
grant_single|eligibleFinancing
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- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
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grant_single|grantors
- MRC La Jacques-Cartier
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds local d’investissement (FLI) offers support to businesses, including social economy enterprises, for start-up, expansion, consolidation, and entrepreneurial succession, with a maximum funding amount of $50,000. Eligible activities involve financing working capital, equipment purchases, and certain acquisition and expertise costs related to business succession.
grant_single_labels|terms_and_conditions
This grant offers interest-bearing term loans designed to facilitate business development and economic growth within the region. The financing modalities are structured to support various stages of business projects requiring capital investment.
- Loan amounts range from $5,000 to $50,000.
- The loan amortization period ranges from 3 to 7 years.
- Financing is provided as a term loan with interest.
- Loan funds can be used for working capital, equipment purchases, or fixed asset acquisition.
- For business succession projects, costs related to acquisition and expertise may be financed.
grant_single_labels|projects
The Local Investment Fund (FLI) grant is designed to support a variety of business-related activities that stimulate economic growth in the MRC La Jacques-Cartier region. These projects range from business formation to expansion and transfer of ownership.
- Launching new business ventures.
- Business expansion efforts.
- Enterprise improvement and transformation.
- Entrepreneurial succession planning and business acquisition.
grant_single_labels|admissibility
The eligibility for the Fonds local d’investissement (FLI) grant is determined by specific criteria related to the type of organization and the nature of the project.
- The applicant must be a private, for-profit business, a social economy enterprise, or a cooperative.
- The project must involve business start-up, expansion, or business succession (acquisition in whole or in part of an existing business).
- The applicant must provide a minimum equity of 15% of the total project cost.
- Funding requests must be at least $5,000 and not exceed $50,000.
grant_eligibility_criteria|who_can_apply
The Fonds local d’investissement (FLI) aims to support private for-profit businesses, social economy enterprises, and cooperatives that are either starting up, expanding, undergoing a business succession (acquisitions in whole or part of an existing business), or operating in different stages of business development.
grant_eligibility_criteria|eligible_expenses
The grant supports specific costs to bolster entrepreneurial endeavors in the Jacques-Cartier region.
- Working capital necessary for operational needs.
- Purchase of equipment and capital expenditures vital for business operations.
- In cases of succession projects, certain acquisition and expertise fees.
grant_eligibility_criteria|zone
This grant is available to companies located in the MRC de La Jacques-Cartier region, as this area is supported by the Local Investment Fund (FLI) to foster economic development.
- Companies based in the MRC de La Jacques-Cartier region.
grant_single_labels|apply
Here are the steps to submit an application for this grant:
- Step 1: Determine Eligibility
- Review the eligibility criteria to ensure your business qualifies for the grant.
- Confirm that your project aligns with the program goals (start-up, expansion, entrepreneurial succession).
- Step 2: Prepare Application
- Prepare a detailed project description including the project scope and objectives.
- Develop a financial plan including the total cost of the project and required loan amount (between $5,000 and $50,000).
- Include a personal contribution of at least 15% of the project cost in your financial plan.
- Gather all necessary documents such as business plans, financial statements, and any required permits.
- Step 3: Contact the SDE
- Reach out to the local SDE for guidance and advice on completing your application.
- Utilize the tools and resources provided by the SDE for assistance.
- Step 4: Submit the Application
- Submit your application either in-person or electronically as per the instructions provided by the SDE.
- Ensure that all sections are completed and all documentation is included.
- Step 5: Receipt Confirmation
- Receive a confirmation of submission from the fund provider.
- Maintain the confirmation receipt for future reference or follow-up.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The Fund must be used as a leverage instrument, and financial support must complement, not replace, private funding and other regular government programs.
- The financial aid is meant to stimulate the realization of the project.