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MRC de D’Autray — FLI/FLS
QC, Canada
Supporting business development through proactive financial solutions
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Other services (except public administration)
- Public administration
grant_single|grantors
- MRC de D'Autray
grant_single|status
grant_card_status|open
grant_single_labels|preview
The FLS/FLI program offers funding up to $250,000 to support the start-up, acquisition, or expansion of businesses. It aims to encourage entrepreneurial projects within the MRC de D’Autray area.
grant_single_labels|terms_and_conditions
- Loan financing up to $250,000 is available for eligible projects.
- Term financing can be provided with or without security requirements.
- Recipients must contribute at least 20% of the project's total cost as a financial commitment.
- The funding offered is intended to complement other financial institution financing.
grant_single_labels|projects
- Starting a new business within the MRC de D'Autray territory.
- Acquiring an existing business in the specified sectors.
- Expanding a current enterprise in the region.
grant_single_labels|admissibility
- The enterprise must operate primarily in the primary, manufacturing, tertiary dynamic, or tertiary structuring sectors.
- The enterprise must be located on the territory of the MRC de D’Autray.
- The enterprise can be a social economy enterprise.
- Projects can include the succession of existing businesses.
- The project must demonstrate economic viability.
- The promoters must provide a contribution of 20% of the project cost.
- Investment funds are complementary to the financing from financial institutions.
- Access to the program is subject to project approval by a selection committee.
grant_eligibility_criteria|who_can_apply
- Enterprises operating primarily in the primary, manufacturing, and key tertiary sectors located in the MRC de D’Autray region.
- Social economy enterprises.
- Projects involving the succession of existing businesses.
grant_eligibility_criteria|eligible_expenses
- Capital expenditures.
- Acquisition of technologies or software.
- Working capital and start-up costs associated with the project and demonstrated need in financial forecasts.
- Acquisition of voting and majority shares (or interests).
- Any other expenses deemed relevant in the project analysis.
grant_eligibility_criteria|zone
- Companies based within the territory of the MRC de D’Autray.
grant_single_labels|register
- Step 1: Initial Consultation
- Contact the Développement Économique D’Autray team to express interest in the FLI/FLS grant.
- Schedule an appointment with one of their advisors to discuss your business project and eligibility.
- Step 2: Project Viability Assessment
- Work with the advisor to evaluate the economic viability of your project.
- Prepare necessary documentation that demonstrates the potential success and sustainability of your business plan.
- Step 3: Prepare Application Documentation
- Compile comprehensive financial projections illustrating the needs for capital and projected returns.
- Gather all pertinent information including business plans, proof of required 20% promoter contribution, and details of financial backing from other institutions.
- Step 4: Submit Application to Selection Committee
- Complete the application process as instructed by the Développement Économique D’Autray advisor.
- Submit all required documents to the Selection Committee for evaluation.
- Step 5: Await Response
- Wait for feedback from the Selection Committee on the approval status of your application.
- Follow up with Développement Économique D’Autray if necessary for updates.
grant_single_labels|otherInfo
- The funds are designed to proactively intervene in business projects to accelerate their realization.
- Support is provided in the form of loans, emphasizing the creation and sustainability of viable businesses.
- Funding can be used for acquiring voting and majority shares or parts.
- The project must demonstrate economic viability.
- Applicants need to provide a 20% investment of the project value.
- The funding is complementary to financial institution financing.
- The eligibility for funding is contingent on the acceptance of the project by a selection committee.
