MRC Arthabaska - Local Investment Fund (FLI)
Last Update: May 13, 2025
QC, Canada
Financial and technical support for business growth and startups
MRC Arthabaska - Local Investment Fund (FLI) at a glance
Eligible Funding
- From 5,000 to 40,000
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Manufacturing
- Professional, scientific and technical services
Grant Providers
- MRC Arthabaska
Status
Open
Overview of the MRC Arthabaska - Local Investment Fund (FLI) program
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.
Financing terms and conditions
The MRC Arthabaska - Local Investment Fund (FLI) provides term financing to support the start-up, acquisition, or expansion of manufacturing and business service companies. The fund aims to foster job creation and business growth in the MRC of Arthabaska region.
- Term financing available for a maximum duration of 5 years at a competitive interest rate.
- Loan amounts range from $5,000 to $40,000, with potential for higher amounts in case of business expansion.
- Technical support offered for business plan development and ongoing guidance throughout the loan period.
- Funding must not be used for operational expenses, debt financing, loan repayments, or projects that have already been completed.
Eligible projects & activities
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 criteria of the MRC Arthabaska - Local Investment Fund (FLI) program
Eligibility for this grant is determined by specific requirements related to the company's location, sector, and project objectives.
- The company must be a for-profit entity located in the MRC d'Arthabaska.
- The company should be in the manufacturing or business services sector, excluding those in highly competitive sectors.
- The company must be in its start-up phase or undergoing expansion.
- A financial contribution from the company is required.
- The project must aim to generate employment.
- The loan must not be used for operational expenses, debt financing, repayment of loans, or funding of projects already completed.
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.
How to apply to the MRC Arthabaska - Local Investment Fund (FLI) program
1
Initial contact
- Communicate with the funding management organization to express your interest.
- Discuss preliminary details to ensure the eligibility of your project.
2
Initial preparation
- Gather the basic information about your business and your project.
- Check that your business meets the eligibility requirements.
3
Development of the business plan
- Draft a detailed business plan including the project description, objectives, and job creation potential.
- Include financial forecasts and a plan for the required funding contribution.
4
Technical consultation
- Work with the technical support offered to finalize your business plan.
- Evaluate the viability and potential success of the project.
5
Compilation of the required documents
- Gather all the necessary documents to support your application.
- Check that all the documents are complete and up to date.
6
Submission of the request
- Submit your complete application file to the managing organization before the deadline.
- Include all required attachments.
7
Follow-up on the request
- Receive a confirmation of receipt of your request from the organization.
- Prepare any additional documentation if requested.
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.