How much funding can be received?

Funds up to 50% of admissible expenses, capped at $150000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Beaharnois-Salaberry — Local Investment Fund (FLI)?

MRC Beaharnois-Salaberry — Local Investment Fund (FLI) is funded by MRC Beauharnois-Salaberry

What are MRC Beaharnois-Salaberry — Local Investment Fund (FLI)'s eligibility criterias?

Legally constituted for-profit business under Quebec or Canadian law Head office in Quebec and operations in the MRC de Beauharnois-Salaberry Registered in the Quebec Enterprise Register (REQ)

MRC Beaharnois-Salaberry — Local Investment Fund (FLI)

Last Update: July 18, 2025

QC, Canada

Support for business development and job creation in Beauharnois-Salaberry

MRC Beaharnois-Salaberry — Local Investment Fund (FLI) at a glance

Eligible Funding

From $5,000 to $150,000
Up to 50% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

MRC Beauharnois-Salaberry

Status

Open

Overview of the MRC Beaharnois-Salaberry — Local Investment Fund (FLI) program

The MRC Beauharnois-Salaberry Local Investment Fund (FLI) provides up to $150,000 per recipient to support the start-up, expansion, transformation, and business succession of companies within its territory. The program finances eligible projects such as commercialization, productivity improvement, digital transformation, and entrepreneurial succession initiatives.

Financing terms and conditions

FLI: Financing covers up to 50% of eligible project expenses (up to 80% for social economy enterprises).
FLI: Maximum investment of $150,000 per company within a 12-month period; cumulative outstanding FLI repayable financial aid cannot exceed $300,000 at any time.
FLS: Maximum total investment per business or related group is $100,000.
For FLI, the combined total of direct or indirect government aid (including FLI) must not exceed 50% of the total project cost (80% for social economy enterprises).
FLI – Self-employed workers and micro-enterprises: Loans range from $5,000 to $10,000, interest-free for up to 2 years.

Eligible projects & activities

Launching a new business or enterprise (start-up phase).
Business succession, such as acquiring a significant ownership stake to take over an existing company.
Acquisition of an existing company or its assets.
Improvement and transformation of business operations, including productivity upgrades and digital transformation.
Business growth and expansion projects, including introduction of new products, export projects, or establishing new branches.

Examples of admissible projects:

$ 149,000

Digital transformation of member services via mobile application launch

$ 145,000

Acquisition of automated bottling equipment to increase productivity

$ 148,000

Purchase and relaunch of a local bakery as a social enterprise

Eligibility criteria of the MRC Beaharnois-Salaberry — Local Investment Fund (FLI) program

The company must be legally constituted under the laws of Quebec or Canada.
The business must be for-profit, a cooperative, or a non-profit with commercial activities recognized as a social economy enterprise.
The enterprise must operate within the MRC de Beauharnois-Salaberry and have its head office in Quebec.
The company must be registered with the Registraire des entreprises du Québec (REQ).
The applying business must demonstrate economic viability, appropriate sector experience, and alignment with the local development priorities of the MRC.

Who is eligible?

Legally constituted for-profit businesses under Quebec or Canadian law
Collective enterprises, including cooperatives and non-profit organizations (OBNL), with commercial activities as defined by the Social Economy Act
Businesses operating with their head office in Quebec and active within the territory of MRC de Beauharnois-Salaberry

Who is not eligible

Companies listed on the Register of Enterprises Ineligible for Public Contracts (RENA), including their subcontractors.
Businesses that have failed to meet obligations related to a previous financial aid within the past two years after being formally notified by the Ministry or MRC.
State-owned enterprises or companies controlled (directly or indirectly) by any level of government or majority-owned by a state enterprise, except certain social economy organizations serving subsidized clientele (e.g., CPEs, home care organizations, seniors' residences) which may be eligible.
Companies under bankruptcy protection or insolvency proceedings.
Companies involved in the production or distribution of armaments, activities related to fossil fuels (exploration, extraction, production, or refining) except those supporting a low-carbon transition, gambling and games of chance, violent gaming or combat sports with live species, sexual exploitation industries, real estate development and management (with limited exceptions), or businesses involved in tobacco or drug use (with specific exceptions for medical/research cannabis and industrial hemp activities).

Eligible expenses

Additional working capital required to implement the business project for a maximum period of two years.
Capital expenditures directly linked to the project, including acquisition of technology, land, buildings, equipment, machinery, and vehicles.
Construction, expansion, renovation, and setup costs for land and premises directly related to the project.
Professional fees necessary before project implementation, such as feasibility studies, external audits, or impact assessments.
Professional fees directly linked to the implementation of the project, including technology, equipment, and machinery setup, as well as acquisition, construction, renovation, and layout of facilities.
For entrepreneurial succession projects: expenses related to the acquisition of company ownership (voting shares or units) and company assets.
Professional fees directly related to the transaction, acquisition, and transfer of company management for succession projects.

Eligible geographic areas

Companies operating within the territory of the MRC de Beauharnois-Salaberry, Quebec
Enterprises with their head office located in Quebec

Eligibility criteria of the MRC Beaharnois-Salaberry — Local Investment Fund (FLI) program

Economic viability of the business, including long-term profitability and repayment capacity.
Knowledge and relevant experience of the promoters, as well as management skills.
Environmental and societal benefits resulting from the project, with emphasis on sustainable business practices.
Openness toward workers and appropriate labor relations within the company.
Involvement of other financial partners, such as financial institutions and promoters’ own investments, to demonstrate financial leverage and commitment.

How to apply to the MRC Beaharnois-Salaberry — Local Investment Fund (FLI) program

Confirm eligibility

Identify your eligibility based on the criteria for enterprise type, sector, and territory
Ensure the business is legally constituted and registered in Quebec
Verify project eligibility (no pre-startup projects, project in commercialization phase or later)

Gather and prepare documents

Complete the financial assistance application form, ensuring it is dated and signed
Prepare a detailed business plan and/or project description as required
Assemble detailed breakdown of project-related expenses
Prepare the project's financial structure and confirmations of other financing or aid

Provide required supporting documents

Attach financial statements for the past three years (if applicable)
Include interim financial statements if the latest are older than six months or if the company is less than a year old
Enclose projected financial statements
Provide declarations or certificates related to francization and equal employment where applicable
Attach any other documents required by the MRC

Submit application to MRC

Submit the complete application and all documentation to the MRC for review
Ensure all required information is included for the application to be considered
Wait for the MRC to confirm receipt

Application review and analysis

The MRC analyzes your application and verifies its completeness and eligibility
The Committee evaluates the project based on established criteria
You may be contacted for additional clarification or documentation

Decision notification and agreement

The Investment Committee (CIC) makes a funding decision
The MRC formally notifies you of the accepted or refused status
If accepted, the signing of the agreement and payment of fees is required

Additional information

Applicants must pay an opening and management fee equal to 1.5% of the total loan amount at the time of signing the loan agreement.
Repayment of loans may be made in part or in full at any time, subject to conditions in the loan agreement.
A moratorium period for repayment on principal and/or interest may be available, with specific maximum durations according to project type.
The portfolio managed by the local funds can include at most 25% social economy enterprises.