MRC La Jacques-Cartier — Local Investment Fund (FLI)
QC, Canada
Local Investment Fund supports business growth and entrepreneurship
grant_single_labels|summary
grant_single|eligibleFinancing
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- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
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- MRC La Jacques-Cartier
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grant_card_status|open
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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|register
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.
Apply to this program
Empowering Local Businesses with the Fonds Local d'Investissement
The Fonds Local d'Investissement (FLI) provides vital financial support aimed at fostering entrepreneurship, supporting viable business creations, expansions, and transitions within the La Jacques-Cartier region. By prioritizing complementary funding and promoting job growth, the FLI plays a crucial role in enhancing economic development.
Detailed Insights into the Fonds Local d'Investissement (FLI) and Its Role in Business Development
The Fonds Local d'Investissement (FLI) is a strategic financial tool designed to support companies, including those in the field of social economy, by addressing the multifaceted needs of start-ups, expansions, consolidations, and entrepreneurial successions. The primary goal of the FLI is to aid these businesses by serving as a leverage point, ensuring that financial aid is complementary rather than substitutive to private financing and other governmental programs.
Through its assistance, the FLI aims to foster a vibrant entrepreneurial spirit within the MRC de La Jacques-Cartier, helping enterprises reach their full potential, thereby contributing significantly to local economic development. By offering loans ranging from $5,000 to $50,000 with an amortization period of three to seven years, the FLI provides crucial funds that businesses can use for working capital, purchasing equipment, or making capital investments. Particularly in cases of business succession, the fund may cover acquisition and expert evaluation fees, making it a valuable resource for smooth and sustainable business transitions.
One of the most impactful aspects of the FLI is its focus on creating and supporting viable businesses. It recognizes the importance of not just starting businesses but ensuring they have the tools and resources necessary for long-term sustainability and growth. By targeting the development of employment through its financial support, the FLI contributes to stabilizing and growing the local economy, which in turn enhances community resilience and prosperity.
Eligibility for FLI funding is broad, encompassing private for-profit businesses, social economy enterprises, and cooperatives. These entities can apply to fund projects such as the initiation of new business operations, expansion of existing capacities, or transferring ownership—often essential in maintaining the heritage business within the community. This inclusivity ensures a diverse range of business types benefit from FLI support, fostering a dynamic economic environment within the region.
The program is structured to not only provide financial aid but also support the strategic development of a business. By partnering with other financial resources and advisory services within the SDE's toolset, FLI recipients often find themselves better positioned to adapt to market changes and seize new opportunities. This holistic approach to business financing aligns with modern economic development strategies which emphasize resilience, adaptability, and sustainability.
Overall, the Fonds Local d'Investissement (FLI) stands as a cornerstone of economic development within La Jacques-Cartier, driven by its commitment to facilitating business growth, innovation, and job creation. For businesses looking to start, expand, or transition within this region, the FLI provides not only the necessary financial backing but also a robust framework for strategic success, helping them thrive in an ever-evolving economic landscape.
