MRC de D’Autray — FLI/FLS
Last Update: February 17, 2025
QC, Canada
Supporting business development through proactive financial solutions
MRC de D’Autray — FLI/FLS at a glance
Eligible Funding
- Max. $250,000
- Up to 20% of project cost
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Other services (except public administration)
- Public administration
Grant Providers
- MRC de D'Autray
Status
Open
Overview of the MRC de D’Autray — FLI/FLS program
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.
Financing 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.
Eligible projects & activities
- 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.
Eligibility criteria of the MRC de D’Autray — FLI/FLS program
- 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.
Who is eligible?
- 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.
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.
Eligible geographic areas
- Companies based within the territory of the MRC de D’Autray.
How to apply to the MRC de D’Autray — FLI/FLS program
1
Initial contact
- Contact the D'Autray Economic Development team to express your interest in the FLS/FLI program.
- Make an appointment with an advisor to discuss your project and its alignment with the program criteria.
2
Preparation of the project
- Develop a detailed proposal for your project, including objectives, scope, and an economic analysis demonstrating viability.
- Prepare financial forecasts demonstrating the necessity of working capital and start-up costs.
- Select eligible expenses and gather relevant supporting documents.
3
Project Evaluation
- Submit your project to a selection committee for evaluation.
- Wait for the decision regarding the acceptance of your project.
4
Negotiation and finalization of financing
- In case of acceptance, discuss the terms of financing with or without collateral with the advisor.
- Finalize the financial agreement including the loan repayment terms.
Additional information
- 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.