MRC Les Etchemins — Local investment fund and local solidarity fund

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Who is eligible for the MRC Les Etchemins — Local investment fund and local solidarity fund program?

To be eligible for the MRC Les Etchemins — Local investment fund and local solidarity fund program, you must: • The business must be located within the territory of the MRC Les Etchemins. • Eligible businesses include social economy enterprises.

Q: Who can I contact for more information about the MRC Les Etchemins — Local investment fund and local solidarity fund?

You can contact MRC des Etchemins by email at pogauthier@mrcetchemins.qc.ca.

Q: Where is the MRC Les Etchemins — Local investment fund and local solidarity fund available?

The MRC Les Etchemins — Local investment fund and local solidarity fund program is available the province of QC.

Q: Are startups eligible for the MRC Les Etchemins — Local investment fund and local solidarity fund program?

Yes, startups are eligible to apply for the MRC Les Etchemins — Local investment fund and local solidarity fund program.

Last Update: July 22, 2025

QC, Canada

Investment loans for business growth and development in MRC

At a glance

Eligible Funding

Max. $150,000
Up to 80% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

Overview

The Fonds local d’investissement and Fonds local de solidarité offer complementary loans up to $150,000 and $100,000 respectively, targeted at businesses within the MRC region to support various projects such as startups, business acquisitions, and expansions. Eligible activities include working capital needs, capital expenditures, and professional fees directly related to the realization of the project.

Financing terms and conditions

This grant offers financial support in the form of a complementary loan to various enterprises within the MRC Les Etchemins territory, facilitating business growth and development. The financing modalities are designed to support the economic enhancement of local businesses and social economy enterprises.

Complementary loan to other financing options, which may include or exclude guarantees based on circumstances, with a maximum of $100,000 under the Local Solidarity Fund (FLS) and $150,000 under the Local Investment Fund (FLI).
Loan amortization period of up to 10 years.
Interest rate determined by the risk level of the project.
The sum of combined financial aids from provincial, federal governments and other bodies must not exceed 80% of eligible expenses for social economy enterprises and 50% for other enterprise types.
A file processing fee of $150 is applicable.

Activities funded

This fund is designed to aid businesses within the MRC region by supporting a variety of growth and development initiatives. Eligible projects focus on business formation, acquisition, and enhancement activities.

Business startup projects.
Business succession or acquisition.
Improvement and transformation of existing businesses.
Contract financing.
Business growth and expansion initiatives.

Eligibility

This grant is available to companies operating within specific parameters.

The company must be located within the territory of the MRC.
The company must either be a for-profit business or a social economy enterprise.

Who is eligible?

Eligible applicants for the Fonds local d’investissement et Fonds local de solidarité include any business located within the territory of the MRC and social economy enterprises.

Eligible expenses

The grant covers various expenses essential for the establishment and growth of the business.

Working capital needs related to existing company's expenses for a maximum of two years corresponding to the year of project implementation and the following year.
Capital expenditures such as land, building, equipment, machinery, rolling stock, incorporation fees, and all other similar expenses, excluding goodwill.
Acquisitions of technologies, software, packaged software, patents, and all other similar expenses excluding R&D activities.
Professional fees strictly and directly related to the realization of the company’s project.

Eligible geographic areas

This grant is available to companies located within the territory of the MRC Les Etchemins. Eligible locations focus on fostering regional economic development.

Companies based within the MRC Les Etchemins region.
Entities operating throughout the MRC Les Etchemins territory.

How to apply

Preparation of the request

Gather all relevant information about your business or organization, including financial details and project plans.
Write a clear and concise description of the project, specifying the requirements set by the Local Investment Fund and the Local Solidarity Fund.

Gathering of necessary documents

Gather the required supporting documents such as the business plan, recent financial statements, and any relevant documentation regarding capital or technologies.
Prepare the documents related to eligible expenses, including working capital needs and capital expenditures.

Submission of the request

Fill out the application form for the Local Investment Fund and the Local Solidarity Fund.
Include the payment for the application fee of $150.
Send the application and all required documents to the provided email address: pogauthier@mrcetchemins.qc.ca

Additional information

Applicants should be aware of the following additional details regarding this grant:

The loan may require a guarantee depending on the risk associated with the project.
Interest rates are determined based on the project's assessed risk level.
The total combined financial aids from provincial and federal governments, as well as organizations, must not exceed 80% of eligible expenses for social economy enterprises and 50% for other enterprises.
An application fee of $150 is required upon submission of the application.

Contacts

pogauthier@mrcetchemins.qc.ca

Apply to this program

Frequently Asked Questions about the MRC Les Etchemins — Local investment fund and local solidarity fund Program

Here are answers to the most common questions about the MRC Les Etchemins — Local investment fund and local solidarity fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.