MRC Arthabaska - Local Investment Fund (FLI)
QC, Canada
Financial and technical support for business growth and startups
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Manufacturing
- Professional, scientific and technical services
grant_single|grantors
- MRC Arthabaska
grant_single|status
grant_card_status|open
grant_single_labels|preview
<p>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.</p>
grant_single_labels|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.
grant_single_labels|projects
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.
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
The grant is targeted at for-profit businesses located in the MRC of Arthabaska that are either in a startup or expansion phase.
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Determine Eligibility
- Ensure that your business is a for-profit entity located in the MRC of Arthabaska.
- Confirm that your business is in the startup or expansion phase within the manufacturing or business services sector.
- Step 2: Prepare Business Plan
- Develop a comprehensive business plan highlighting the new business venture or expansion project.
- Ensure the project details how it will generate employment and meet other grant conditions.
- Step 3: Prepare Financial Projections
- Create detailed financial projections for the upcoming years.
- Outline the necessary funding amount and how it will be utilized.
- Step 4: Application Submission
- Compile all necessary documentation, including the business plan and financial projections.
- Contact the designated grant authority for submission guidelines and requirements.
- Submit the completed application and all required documents as instructed by the authority.
- Step 5: Await Approval
- Receive confirmation of application receipt from the grant authority.
- Monitor communications for any requests for additional information or clarification.
- Receive notification of approval status once the application has been reviewed.
grant_single_labels|otherInfo
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.
