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MRC de L'Assomption — FLI/FLS
Last Update: March 25, 2026
Quebec, Canada
Financing for business growth and succession
Loans and Capital investments
Overview
This financing supports businesses in the MRC de L'Assomption with loans and investment support. It is designed for startup, improvement, transformation, growth, expansion, acquisition, succession, temporary financing, and turnaround projects.
At a glance
Funding available
Financing goals
- Integrate new technologies
- Optimize production processes
- Marketing a product
Eligible Funding
- Maximum amount : 150,000 $
- Up to 50% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- L'Assomption
- Lanaudière
- Quebec
Legal structures
- Non-profit
- Public or Parapublic institution
- For-profit business
- Social economy enterprise
- Non-financial cooperative
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Non-profit candidates
Sector of operation
- Environment
- Economic, Social and Community Development
- Employment and Training
Target groups
- Business owners / entrepreneurs
- Nonprofits / charities
Revenue structures
- Mixed revenue (50%+ earned)
Scope
- Regional
Activities funded
- Business startup and commercial launch
- Business improvement and transformation
- Business growth and expansion
- Entrepreneurial succession and business acquisition
- Temporary bridge financing and turnaround projects
Documents Needed
- Completed and signed financial assistance application form
- Business plan or detailed project description
- Detailed breakdown of project expenses
- Financial package and confirmation of other funding
- Recent financial statements and forecasted statements
Eligibility
- The business must be legally constituted and active in Quebec.
- The business must operate in the MRC de L'Assomption territory.
- The business must have its head office in Quebec and be registered with the Quebec business registry.
- Eligible projects include startup, improvement, transformation, growth, expansion, acquisition, or succession.
Who is eligible?
- For-profit businesses
- Cooperatives with commercial activities
- Non-profit organizations with social economy activities
Who is not eligible
- Publicly owned or government-controlled companies
- Businesses under bankruptcy or creditor protection
- Businesses involved in weapons, fossil fuels, gambling, violent games, sex-related activities, or real estate management and development
- Businesses listed in the public contracts registry ban list
Eligible expenses
- Working capital needed for project delivery
- Capital costs for technology, land, buildings, equipment, machinery, vehicles, construction, renovation, and site or premises setup
- Professional fees for feasibility studies, external audits, impact studies, and project implementation
- Acquisition costs for ownership shares, assets, and transaction-related professional fees for succession projects
Ineligible Costs and Activities
- Costs incurred before the application is submitted
- Debt service, loan repayments, capital replacement, and capital payouts
- Transactions between related businesses or partners
- Research and development expenses and normal operating expenses
- Quebec sales taxes
Eligible geographic areas
- MRC de L'Assomption
- Quebec
Selection criteria
- Economic viability and repayment capacity
- Experience and skills of the promoters
- Environmental and social benefits
- Openness toward employees and labor relations
- Participation of other financial partners
How to apply
1
Preparation of the required documents
- Complete the financial assistance application form ensuring it is correctly dated and signed.
- Prepare a detailed business plan or project description according to the requirements of the financial assistance application.
- Provide a detailed breakdown of project-related expenses.
- Prepare the financial structure of the project and obtain confirmation of other financial aids or funding.
- Provide the financial statements for the last three years.
- Produce interim financial statements if the previous ones are more than six months old or if the business is less than one year old.
- Prepare projected financial statements.
- Include a statement of compliance regarding the francisation requirements or a copy of the francisation certificate, if applicable.
- Include a statement of compliance regarding employment equity or a copy of the Employment Equity Access Program, if applicable.
- Gather any other documents required by the MRC of L’Assomption.
2
Submission of the application
- Send all required documents to the MRC of L'Assomption for the application to be processed and analyzed.
- Follow up with the MRC to ensure that all necessary information and documents have been received and are complete.
Processing and Agreement
- Applications are reviewed by the MRC de L'Assomption.
- Files are analyzed continuously as required information is received.
- Decisions take into account budget availability and program rules.
- An investment decision agreement applies before financing is granted.
Additional information
- The program is managed by the MRC de L'Assomption through CieNOV.
- It uses a joint FLI/FLS investment approach, with possible exceptions.
- Applications are reviewed on an ongoing basis as documents are received.
- Each file is subject to opening fees and annual follow-up fees.
