How much funding can be received?

Funds up to 25% of admissible expenses, capped at $25000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” component

Q: What are MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” component's eligibility criterias?

The applicant must acquire between 25% and 50% of the voting share value of an existing company. The company must be registered with the Quebec Enterprise Registrar (REQ). The applicant's financial contribution must match the requested financial assistance.

Last Update: July 22, 2025

QC, Canada

Supports business acquisitions through term loans for eligible sectors

MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” component at a glance

Eligible Funding

Max. $25,000
Up to 25% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Manufacturing
Retail trade
Accommodation and food services
Other services (except public administration)
Public administration

Grant Providers

MRC Bécancour

Program status

Open

Overview of the MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” component program

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.

Financing 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.

Eligible projects & activities

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.

Eligibility criteria of the MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” component program

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.

Who is eligible?

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.

Who is not eligible

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.

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.

Eligible geographic areas

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.

How to apply to the MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” component program

Eligibility Assessment

Check if the business sector of the company is eligible (manufacturing, services, trade, tourism, agri-food).
Confirm that the company does not operate in non-eligible sectors (primary agriculture, general construction).
Conduct a diagnosis to assess the possibility of acquiring an existing company with a share of 25% to 50%.

Preparation of the documentation

Prepare the required documents proving registration in the Quebec Enterprise Register (REQ).
Organize the documents related to the capital contribution to match the amount of financial assistance requested.
Compile the documentation of professional service fees related to the acquisition transaction.

Financial arrangement

Develop a plan that integrates the assistance of the Local Investment Fund with financing from other financial partners.
Description of the terms and timelines of the term loan (up to $25,000, for a maximum of 84 months).

Submission of the application

Fill out the funding application form specific to this component of the FLI.
Attach any documentation and proof of compliance with the program requirements.
Submit the application via the organization's online portal or by mail according to the provided instructions.

Request Tracking

Regularly check the status of the request via the portal or contact the organization for updates.

Apply to this program

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