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MRC Les Appalaches — FLI-FLS Local investment funds
Thetford Mines, QC
Local Investment Funds support entrepreneurial projects through loans
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- 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 des Appalaches
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Local Investment Fund (FLI) offers financial assistance through loans of up to $300,000 to support local entrepreneurship by facilitating capital access for projects such as business startups, improvements, transformations, growth, expansion, and entrepreneurial succession. Aimed at all business sectors, the program covers a maximum of 50% of eligible expenses for for-profit enterprises and 80% for social economy enterprises.
grant_single_labels|terms_and_conditions
The Local Investment Funds (FLI) and Local Solidarity Funds (FLS) provide critical financial support for local enterprises, acting as a catalyst for entrepreneurship and economic growth in the region. These funds offer structured financial aid mainly through loans to boost various stages of business development.
- Financial assistance through loans up to $150,000 for a 12-month period, with a maximum of $300,000 per enterprise from FLI.
- Loans up to $100,000 from the FLS for eligible projects.
- Coverage of up to 50% of eligible expenses for profit-driven enterprises and up to 80% for social economy businesses.
grant_single_labels|projects
This grant provides financial support to promote local entrepreneurship and enhance business projects in various stages of development. It aims to facilitate business growth by ensuring access to the necessary funds needed for successful project implementation.
- Startup projects to initiate new business endeavors.
- Improvement and transformation projects for existing businesses looking to innovate or enhance operations.
- Growth and expansion projects to scale up business operations and enter new markets.
- Entrepreneurial succession projects to ensure business continuity through ownership transitions.
grant_single_labels|admissibility
Eligibility for the Fonds Local d'Investissement (FLI) is determined by specific requirements related to the applicant's profile and proposed activities.
- The applicant must be an enterprise in any sector of activity, aligning with the investment policy of the Municipalité régionale de comté (MRC) des Appalaches.
- The project should aim for business startup, improvement and transformation, growth and expansion, or entrepreneurial succession.
- The maximum funding is 50% of eligible expenses for for-profit businesses and 80% for social economy enterprises.
- The funding is provided in the form of a loan up to $150,000 over 12 months, with a maximum of $300,000 per enterprise.
grant_eligibility_criteria|who_can_apply
Local businesses in all sectors whose projects align with the investment policy of the MRC des Appalaches are eligible to apply. The funding is targeted at new startups, business improvements, expansions, and entrepreneurial successions.
grant_eligibility_criteria|zone
This grant is aimed at supporting entrepreneurs within the jurisdiction governed by the Municipalité régionale de comté (MRC) des Appalaches. The funding is intended to bolster local economic development initiatives.
- MRC des Appalaches.
- Thetford Mines, Quebec.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Review Eligibility and Guidelines
- Review the FLI and FLS eligibility criteria and program guidelines available on the Municipalité régionale de comté des Appalaches website.
- Ensure your project aligns with the investment priorities outlined in the policy.
- Step 2: Prepare Application Documentation
- Prepare a comprehensive business plan detailing the project, including objectives, financial forecasts, and impact.
- Gather necessary financial documents such as budgetary information and existing financial statements.
- Compile supporting documentation that demonstrates how the loan will support business growth or sustainability.
- Step 3: Contact the SDE or Development Commissioner
- Reach out to the local economic development authority, Société de Développement Économique (SDE), for preliminary discussions and to ensure your submission meets all requirements.
- Contact Valérie Savard, Development Commissioner, for any specific inquiries or guidance.
- Step 4: Submit Application
- Prepare the application package including all documentation.
- Email the complete application to the addresses provided (e.g., Valérie Savard).
- Ensure submission before any specified deadlines.
- Step 5: Confirmation and Follow-up
- Await confirmation of receipt of your application via email or other communication channels.
- Be prepared to provide additional information or clarification if requested.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The Fonds Local d'Investissement (FLI) offers loans up to $150,000 over a 12-month period, with a cumulative maximum of $300,000 per enterprise.
- For-profit enterprises can receive funding for up to 50% of eligible expenses, while social economy enterprises can access up to 80%.
- The Fonds Local de Solidarité (FLS) provides loans up to $100,000.
grant_single_labels|contact
(418)332-2757