MRC Arthabaska - Local Solidarity Fund (LSF)
QC, Canada
FLS offers financial and technical support to eligible businesses
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
The Fonds local de solidarité (FLS) provides financial and technical support, offering loans of up to $40,000 for businesses in the MRC of Arthabaska in the manufacturing or business services sectors to support job-generating projects in startup or expansion phases. Eligible activities include investments that do not require the acquisition of tangible assets.
grant_single_labels|terms_and_conditions
The Local Solidarity Fund (LSF) provides financial aid with competitive terms and conditions to support business growth in the MRC d'Arthabaska. The funding is structured to cater to both startups and businesses aiming to expand, with flexible financing options.
- Term financing available with a maximum duration of 5 years at a competitive interest rate.
- Loans ranging from $5,000 to $40,000, with the possibility of higher amounts for expansion projects.
- Technical support for business plan implementation.
- Continuous guidance and support throughout the loan duration.
grant_single_labels|projects
This grant aims to support business projects that contribute to job creation and economic growth within the MRC of Arthabaska. The focus is on fostering expansion and startup activities in less competitive manufacturing and business service sectors.
- Business expansion projects that result in job creation.
- Startup activities in manufacturing sectors that are not heavily competitive.
- Investment projects that do not involve acquiring tangible assets.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the company's location, sector, funding, and project impact.
- The company must be a for-profit business located in the Regional County Municipality (MRC) of Arthabaska.
- The company should be in the startup or expansion phase.
- The business must operate within the manufacturing sector or provide services to businesses and should not be part of a highly competitive sector.
- A financial contribution from the company is required.
- The project must create jobs.
- Eligible expenses must be related to an investment project that does not require the acquisition of tangible assets.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Fonds local de solidarité (FLS) grant must be for-profit businesses located in the MRC of Arthabaska that are either in the startup phase or looking to expand. These businesses must operate in the manufacturing sector or provide services to other businesses, avoiding sectors with high competition.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.
- Non-profit organizations.
- Companies not located in the MRC of Arthabaska.
- Businesses not in the start-up or expansion phase.
- Companies in highly competitive sectors.
- Projects that require acquisition of tangible assets.
grant_eligibility_criteria|eligible_expenses
The grant covers expenses related to investment projects that do not involve the acquisition of tangible assets.
- Expenses related to the development or improvement of business processes.
- Costs associated with research and development activities.
- Fees for technical assistance or consulting services to enhance business operations.
- Training and development costs for employees to support the investment project.
grant_eligibility_criteria|zone
This grant is available to companies located within a specific geographical area as defined by the funding body. Eligible locations are targeted to meet local economic development objectives.
- Businesses situated within the MRC d'Arthabaska region.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Initial Contact
- Reach out to the Fonds local de solidarité (FLS) through their contact information provided.
- Ask about any specific requirements or additional documentation needed prior to applying.
- Step 2: Prepare a Business Plan
- Create a detailed business plan, highlighting your project's goals, expected job creation, and financial projections.
- Ensure your plan aligns with the grant's eligibility criteria, focusing on development in the MRC of Arthabaska.
- Step 3: Application Preparation
- Gather all necessary documents, including proof of business location and sector details.
- Include a description of the project and how the funds will be utilized without acquiring tangible assets.
- Step 4: Submission
- Compile all application documents and arrange them according to guidelines provided by FLS.
- Send the completed application package to the FLS via their specified submission method.
- Step 5: Follow-up
- After submission, confirm receipt of your application with FLS.
- Be prepared to provide additional information if requested during the review process.
Apply to this program
Boost Your Business with the Fonds Local de Solidarité
The Fonds local de solidarité (FLS) offers competitive financial and technical support to businesses in the MRC of Arthabaska, promoting growth and expansion. By providing term loans and consistent support, it encourages job creation and investments excluding tangible asset acquisition.
In-Depth Exploration of Fonds Local de Solidarité's Support Mechanisms
The Fonds local de solidarité (FLS) serves as a critical financial backing for businesses located within the Municipal Regional County (MRC) of Arthabaska, especially those in their nascent or expansion stages. It is specifically tailored for lucrative enterprises in the manufacturing or business services sectors, provided they operate in environments characterized by manageable competition rather than high competition. This strategic financial initiative makes loans ranging from $5,000 to $40,000 available. It targets endeavors that are not only profit-oriented but are instrumental in generating employment, thereby contributing to the local economy's robust development.
Significant to the grant's design is its emphasis on a support package that extends beyond the mere disbursement of funds; it encompasses valuable technical guidance. This technical support plays a pivotal role in both the execution of the grantee's business plan and the continuation of the business throughout the loan's term. It effectively ensures that businesses not only secure the necessary funds but also receive continual guidance to optimize their operations and strategies, maintaining alignment with the dynamic economic environment and enhancing the probability of long-term success.
Eligibility for this grant underscores the necessity for businesses to provide a financial match or a partnership investment, which ensures a shared risk approach between the funder and the recipient. This requirement underscores a dual investment strategy in which both the FLS and the business shoulder economic risks, promoting careful allocation and utilization of resources. Moreover, the projects considered must tangibly demonstrate their ability to contribute job opportunities in the local job market, thereby stimulating economic growth in the region.
By focusing on non-tangible asset investments, the grant seeks to encourage strategic investment in human resources, innovation, research, and other non-physical forms of capital that are conducive to sustainable organizational growth. This focus steers clear of tangible asset accumulation, thus directing financial support towards sectors and activities that foster intellectual capital and process improvement, which are increasingly recognized as crucial determinants of competitive advantage in contemporary markets.
Importantly, potential applicants should engage early in discussions with FLS to understand all conditions and tailor their applications to meet the detailed requirements effectively. This proactive engagement is not only encouraged but essential, as additional criteria may apply, and the clarity of these requirements can significantly impact the success of applications. By doing so, organizations can better align their projects with the FLS's objectives and enhance their prospects of securing this valuable funding boost.
Thus, the Fonds local de solidarité emerges as more than just a financial benefactor; it plays a crucial role in fortifying businesses against market volatilities by offering a structured support system designed to enhance growth trajectories. Consequently, businesses availing of this opportunity are well-positioned to thrive, contributing to sustainable economic growth within their communities. Through its integrated approach of financial and technical support, the FLS not only fuels regional business development but also empowers enterprises to innovate, adapt, and lead in their respective industries.
