MRC La Jacques-Cartier — Local Investment Fund (FLI) - QC - Canada

MRC La Jacques-Cartier — Local Investment Fund (FLI)

QC, Canada
Local Investment Fund supports business growth and entrepreneurship
grant_single|update January 24, 2025

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • grant_single|allIndustries
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

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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.

Apply to this program

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