MRC Beaharnois-Salaberry — Local Investment Fund (FLI)

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

• 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.