MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” component
QC, Canada
Business acquisition loans up to $25,000 for eligible sectors
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
- Manufacturing
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration
grant_single|grantors
- MRC Bécancour
grant_single|status
grant_card_status|open
grant_single_labels|preview
<p>The Fonds local d'investissement (FLI) - volet "entreprise à acquérir" provides a term loan of up to $25,000 to support the acquisition of 25% to 50% of voting shares in an existing Quebec-registered company. Eligible activities include purchases in the manufacturing, tertiary traditional, tourism, and agri-food sectors, along with professional service fees related to the acquisition.</p>
grant_single_labels|terms_and_conditions
This grant provides structured financial assistance through specific loan conditions designed to support the acquisition of local businesses. The financing terms encourage collaboration and effective financial management.
- Provision of term loans with a maximum principal amount of $25,000.
- Loan duration can extend up to a maximum of 84 months.
- In the first and second years, the repayment of the principal is required with a 0% interest rate.
- From the third year onwards, the repayment includes both the principal and accrued interest.
- Financial aid is complementary and requires contributions from other financial partners, including institutions and government bodies.
grant_single_labels|projects
This grant is designed to support the acquisition of existing businesses across several sectors. Eligible projects are focused on securing partial ownership of these businesses through acquisitions.
- Partial acquisition of an existing business in the manufacturing sector.
- Partial acquisition of an existing business in the traditional retail or service sectors.
- Partial acquisition of an existing business in the tourism sector.
- Partial acquisition of an existing business in the agri-food sector.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific conditions related to the acquisition of an existing business.
- The applicant must acquire at least 25% and at most 50% of the value of an existing business (voting shares).
- The business must be registered in the Quebec Enterprise Register (REQ).
- The minimum equity investment by the acquirer must match the financial aid requested.
- The business must operate within the eligible sectors: manufacturing, traditional tertiary sector (retail, services), tourism, or agri-food sector.
grant_eligibility_criteria|who_can_apply
Eligible applicants include businesses in the manufacturing, commercial, service, tourism, and agri-food sectors looking to acquire an existing company in Quebec. Specifically, those acquiring a stake between 25% and 50% of voting shares, registered in the Quebec enterprise register, with a matching funding scheme in place are encouraged to apply. The sectors considered for this grant must not be in primary agriculture or general construction.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their primary sector activities. Specific exclusions help focus the grant on strategic sectors of economic development.
- Companies operating in the primary agricultural sector.
- General contractors in construction.
grant_eligibility_criteria|eligible_expenses
The grant supports specific costs associated with acquiring part of an existing business.
- Purchase of voting shares in the targeted business.
- Professional service fees related to the acquisition transaction.
grant_eligibility_criteria|zone
This grant is positioned to promote investment and acquisition within specific sectors primarily in the Bécancour region of Quebec. Eligibility is determined by location within the regional economic zones as noted by the funding body.
- Businesses registered at the Registre des entreprises du Québec (REQ).
- Enterprises located in the Bécancour area.
grant_single_labels|register
- Step 1: Verify Eligibility Criteria
- Ensure your acquisition falls into the eligible sectors such as Manufacturing, Services, Tourism, or Agro-food.
- Verify your eligibility by confirming that the acquisition involves a stake between 25% and 50% of the existing business and that it is registered with the Quebec Enterprise Register (REQ).
- Ensure the acquisition includes a minimum equity contribution equivalent to the financial aid requested.
- Step 2: Prepare Required Documentation
- Prepare the acquisition plan, detailing how you intend to purchase the business share.
- Gather professional fee assessments related to the acquisition transaction.
- Compile financial documentation demonstrating your equity contribution and the need for complementary funding.
- Step 3: Contact Funding Authorities
- Reach out to the appropriate local investment fund contact to discuss your intended acquisition.
- Obtain application forms and guidance on submission processes.
- Step 4: Fill Out the Application Form
- Complete the application form with detailed information about the business and the acquisition.
- Attach all supporting documents regarding the business acquisition and financial plans.
- Step 5: Submit the Application
- Submit all documents to the local investment fund as directed by the funding authority's guidelines.
- Ensure submission is completed before any stated deadlines.
