
MRC Arthabaska - Local Investment Fund (FLI)
- Open continuously
Overview
This grant program is designed to assist the startup, acquisition, or expansion of manufacturing or business service companies through term financing, offering loans up to $40,000 at a competitive rate. Eligible activities include projects that generate employment in the Arthabaska region, provided the company is not operating in a highly competitive sector.
At a glance
Funding available
- Renovate or expand facilities
- Maximum amount : 40,000 $
- Minimum amount : 5,000 $
- Open continuously
Eligible candidates
- Manufacturing
- Professional, scientific and technical services
- Arthabaska
- Centre-du-Québec
- Quebec
- For-profit business
- All revenue ranges
- All organization sizes
- Startups
Next steps
Activities funded
This grant targets projects that support the startup, acquisition, or expansion of manufacturing or business service companies within its designated area. Eligible projects are designed to create jobs and require financial backing tailored for business growth activities.
- Startup of new manufacturing or business service enterprises.
- Acquisition projects that expand existing business capacities or diversify operations.
- Expansion initiatives that increase production capabilities or service offerings in the manufacturing or business service sectors.
Eligibility
Who is eligible?
The grant is targeted at for-profit businesses located in the MRC of Arthabaska that are either in a startup or expansion phase.
Who is not eligible
This grant excludes certain companies due to their sectoral focus and financial practices. The restrictions ensure that funding supports suitable industries and viable projects.
- Companies in high-competition sectors within manufacturing or business services.
- Businesses seeking loans for operational costs or existing debt repayment.
- Firms intending to finance already completed projects.
Eligible expenses
The grant is designed to support capital expenses specifically aimed at launching or expanding business operations.
- Purchase of equipment necessary for business startup or expansion.
- Costs related to the acquisition of new technology or software essential for operations.
- Expenses for modifications or renovations of facilities to support business growth.
- Expenditures for professional services that aid in the completion or enhancement of the business plan.
Eligible geographic areas
This grant is available exclusively to companies located within the Municipal Regional County of Arthabaska in Quebec, Canada. The eligibility criteria focus on fostering business growth and development within this specific administrative region.
- MRC d'Arthabaska, Quebec, Canada.
Additional information
Here are additional relevant details for this grant:
- The loan must not be used for operational expenses, refinancing existing debts, or funding completed projects.
- Applicants may be required to provide additional documentation or fulfill specific conditions upon review of their application.
- The provided support includes technical assistance with business plan development and ongoing monitoring and support throughout the loan term.
Frequently Asked Questions about the MRC Arthabaska - Local Investment Fund (FLI) Program
What is the MRC Arthabaska - Local Investment Fund (FLI)?
How much funding can be received?
Who is eligible for the MRC Arthabaska - Local Investment Fund (FLI) program?
What expenses are eligible under MRC Arthabaska - Local Investment Fund (FLI)?
Where is the MRC Arthabaska - Local Investment Fund (FLI) available?
Is the MRC Arthabaska - Local Investment Fund (FLI) a grant, loan, or tax credit?
Who are the financial supporters of the MRC Arthabaska - Local Investment Fund (FLI)?
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