MRC Les Appalaches — FLI-FLS Local investment funds

Q: How much funding can be received?

MRC Les Appalaches — FLI-FLS Local investment funds Funds up to 50% of admissible expenses, capped at $300000 per project.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the MRC Les Appalaches — FLI-FLS Local investment funds a grant, loan, or tax credit?

MRC Les Appalaches — FLI-FLS Local investment funds is a Loans and Capital investments

Q: Who are the financial supporters of the MRC Les Appalaches — FLI-FLS Local investment funds?

MRC Les Appalaches — FLI-FLS Local investment funds is funded by MRC des Appalaches

Q: Who is eligible for the MRC Les Appalaches — FLI-FLS Local investment funds program?

To be eligible for the MRC Les Appalaches — FLI-FLS Local investment funds program, you must: • Enterprises must operate in sectors that align with the investment policy orientations of the MRC des Appalaches. • Eligible entities include startups, companies focused on improvement and transformation, growth and expansion, and entrepreneurial succession.

Q: Who can I contact for more information about the MRC Les Appalaches — FLI-FLS Local investment funds?

You can contact MRC des Appalaches or by phone at (418)332-2757.

Q: Where is the MRC Les Appalaches — FLI-FLS Local investment funds available?

The MRC Les Appalaches — FLI-FLS Local investment funds program is available the province of QC.

Q: Are startups eligible for the MRC Les Appalaches — FLI-FLS Local investment funds program?

Yes, startups are eligible to apply for the MRC Les Appalaches — FLI-FLS Local investment funds program.

Last Update: July 22, 2025

Thetford Mines, QC

Local Investment Funds support entrepreneurial projects through loans

At a glance

Eligible Funding

Max. $300,000
Up to 50% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

Overview

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.

Financing 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.

Activities funded

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.

Eligibility

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.

Who is eligible?

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.

Eligible geographic areas

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.

How to apply

Gather the necessary information.

Identify the type of funding (FLI or FLS) relevant to your project.
Verify your company's eligibility according to the criteria of the MRC des Appalaches.

Prepare the application file

Develop a detailed project description including objectives, steps, and expected impact.
Compile financial documents such as recent and forecasted financial statements.
Prepare a business plan outlining the use of the fund and its relevance to the company's growth.

Initial contact with the organization

Contact Valérie Savard, Economic Development Commissioner, to discuss your project and receive specific advice.
Send your questions and obtain clarification on the required documents to the provided email address (commissaire2@regionthetford.com).

Submission of the file

Submit the complete file to the SDE according to the instructions received by email.
Make sure all documents are complete and in order before sending.

Tracking of the request

Wait for the confirmation of receipt and the examination of your request by the evaluation committee.
Be prepared to respond to any request for additional information from the SDE or the committee.

Additional information

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.

Contacts

(418)332-2757

Apply to this program

Frequently Asked Questions about the MRC Les Appalaches — FLI-FLS Local investment funds Program

Here are answers to the most common questions about the MRC Les Appalaches — FLI-FLS Local investment funds. 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.