MRC Bécancour — Local Investment Fund (FLI) - “Developing business” component
Last Update: May 13, 2025
QC, Canada
Development loans for Quebec manufacturing businesses
MRC Bécancour — Local Investment Fund (FLI) - “Developing business” component at a glance
Eligible Funding
- Max. $75,000
- Up to 25% of project cost
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Manufacturing
Grant Providers
- MRC Bécancour
Status
Open
Overview of the MRC Bécancour — Local Investment Fund (FLI) - “Developing business” component program
The Fonds local d’investissement (FLI) – "entreprise en développement" provides term loans for investment projects in the manufacturing sector, with a maximum funding of $75,000 for eligible activities such as the acquisition of capital assets and working capital needs tied strictly to business operations. The program is designed to support manufacturing enterprises in Québec that have been operational for at least two years, with projects ranging from $50,000 to $300,000.
Financing terms and conditions
The MRC Bécancour Local Investment Fund (FLI) "Developing business" component offers structured financial support to help manufacturing enterprises grow. The terms are designed to provide a blend of favorable loan conditions and coordinated financial partnerships.
- Term loan structure offering up to 25% of total project costs, with a maximum loan amount of $75,000.
- Loan duration capped at a maximum of 84 months.
- First-year condition involves repayments of principal amounts only, with no interest charged (0%).
- For the second and third years, repayments consist of principal and interest at 50% of the prevailing interest rate.
- Subsequent years involve repayments of both principal and the full rate of interest.
- Funding complements other financial contributions from financial institutions, government bodies, and promoters' equity contributions.
Eligible projects & activities
The "Developing business" component of the Local Investment Fund (FLI) supports investment-driven projects in the manufacturing sector. These projects are focused on enhancing operational capacities through capital expenditures.
- Acquisition and development of land and buildings to expand manufacturing capabilities.
- Purchase of equipment and rolling stock for production enhancement.
- Coverage of incorporation costs to formally establish manufacturing operations.
- Supporting working capital needs directly related to the manufacturing operations.
Eligibility criteria of the MRC Bécancour — Local Investment Fund (FLI) - “Developing business” component program
Eligibility for this grant is determined by specific requirements related to the company's status and the proposed project's financial structure.
- The company must have been in operation for two years or more.
- The proposed investment project must be valued between $50,000 and $300,000.
- The company must be registered in the Quebec Enterprise Register (REQ).
- The company must contribute at least 10% of the project's total cost as equity.
Who is eligible?
The Fonds local d’investissement (FLI) - entreprise en développement is open to businesses that have been operating for at least two years within the manufacturing sector in Quebec. Eligible companies can apply for a term loan, provided they meet the following conditions:
- The project must involve an investment between CAD 50,000 and CAD 300,000.
- The company must be registered in the Quebec Business Register (REQ).
- The applicant must provide at least 10% of the project's cost as equity.
Who is not eligible
This grant is not available for companies operating in certain sectors or types of industries. The restrictions ensure the funds are awarded to businesses in strategic sectors that meet the grant's objectives.
- Companies in the traditional tertiary sector, including retail and services.
- Businesses in the tourism industry.
- Companies in the agri-food sector.
- Primary agricultural businesses.
Eligible expenses
The grant covers specific capital expenses critical to the development of the business.
- Capital expenditures: land, buildings, equipment, and rolling stock.
- Incorporation fees.
- Working capital strictly related to the operations of the business.
How to apply to the MRC Bécancour — Local Investment Fund (FLI) - “Developing business” component program
1
Check eligibility
- Ensure that the company belongs to the manufacturing sector.
- Confirm that the company has been in operation for at least two years.
- Check that the investment project is between $50,000 and $300,000.
- Confirm the registration of the company in the Quebec Enterprise Register (REQ).
- Ensure a contribution corresponding to 10% of the project's cost.
2
Prepare the necessary documents
- Prepare a detailed description of the investment project.
- Develop a financial plan including other financial partners and the amount of the capital contribution.
- Gather the documents related to eligible capital expenditures.
3
Complete the application form
- Fill out the loan application form related to the FLI.
- Include all required information and verify its accuracy.
4
Submit the request
- Send the completed form along with all required documents to the organization responsible for the FLI.
- Ensure submission before the deadline to guarantee consideration of the application.
5
Tracking of the request
- Receive a confirmation of receipt of the request.
- Follow up with the organization for any additional questions or documentation.
Additional information
Here are additional relevant details for this grant:
- The loan includes a benefit of interest-free payments in the first year.
- Interest applies in the subsequent years, starting at a reduced rate of 50% of the current interest rate in the second and third years.
- The financial support from this fund must be complemented by other financial partners.
- The term for repayment is a maximum of 84 months.
- A portion of the project's cost must be covered upfront by the applicant, specifically at least 10% of the project cost as the promoter's equity.