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MRC de D’Autray — FLI/FLS - QC - Canada

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.
Apply to this program

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