How much funding can be received?

Funds up to 25% of admissible expenses, capped at $75000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Bécancour — Local investment fund (FLI) - “new business” component?

MRC Bécancour — Local investment fund (FLI) - “new business” component is funded by MRC Bécancour

MRC Bécancour — Local investment fund (FLI) - “new business” component

Q: What are MRC Bécancour — Local investment fund (FLI) - “new business” component's eligibility criterias?

The company must have been operating for less than 2 years. The company must be registered with the Quebec Business Registry (REQ). The investment project must range between $20,000 and $300,000.

Last Update: July 22, 2025

QC, Canada

Investment loan for Quebec manufacturing startups under two years

MRC Bécancour — Local investment fund (FLI) - “new 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

Program status

Open

Overview of the MRC Bécancour — Local investment fund (FLI) - “new business” component program

The Fonds local d’investissement (FLI) - "nouvelle entreprise" program provides term loans of up to 25% of the project cost, with a maximum of $75,000, to support new manufacturing businesses operating for less than two years. Eligible activities include capital expenses such as land, buildings, equipment, rolling stock, and working capital needs related to business operations.

Financing terms and conditions

This grant provides a structured financial assistance package designed to support new manufacturing enterprises as they embark on their business ventures. The financing modalities are strategically structured to facilitate the growth of young businesses with advantageous terms.

Term loan with a maximum of 25% of the project cost, capped at $75,000.
Loan duration extends to a maximum of 84 months.
The first year offers a moratorium on the principal with zero percent interest.
During the second and third years, repayments include principal installments still at zero percent interest.
In subsequent years, the loan repayments include principal and interest.
The financial assistance is meant to be complementary to other financial contributions, including those from financial institutions and government bodies, alongside the promoter’s own investment.

Eligible projects & activities

This fund is designated to support new manufacturing enterprises with their capital investment needs. Eligible projects typically involve setting up and enhancing operations to build and grow their manufacturing base.

Acquisition of land for establishing manufacturing facilities.
Construction or renovation of manufacturing buildings.
Purchase of manufacturing equipment and machinery.
Investment in rolling stock essential for manufacturing operations.
Costs associated with business incorporation in Quebec.
Provision for working capital necessary for the early operational phase.

Eligibility criteria of the MRC Bécancour — Local investment fund (FLI) - “new business” component program

Eligibility for this grant is determined by specific requirements that a company must meet.

The company must be operating for less than 2 years.
The company must be registered with the Quebec Business Register (REQ).
The investment project must be between $20,000 and $300,000.

Who is eligible?

This grant is available for new businesses in the manufacturing sector that have been operational for less than 2 years and meet specific registration and investment criteria.

Who is not eligible

This grant excludes certain companies and industries due to their status or main activity. The restrictions ensure funds are directed toward the targeted sectors of interest.

Companies in the primary agricultural sector.
Businesses operating in the traditional tertiary sector, including retail and service industries.
Companies in the tourism industry.
Non-profit organizations.

Eligible expenses

The grant covers specific capital expenses and operating fund needs related to company operations.

Capital expenses: land, building, equipment, rolling stock, and incorporation fees (excluding goodwill).
Working capital needs related to the company's operations.

How to apply to the MRC Bécancour — Local investment fund (FLI) - “new business” component program

Eligibility Check

Confirm that your business operates in the manufacturing sector and meets the eligibility criteria.
Ensure that the investment project is between $20,000 and $300,000.

Preparation of the documentation

Prepare a detailed business plan including financial projections.
Gather your business documents from the REQ (Register of Enterprises of Quebec).
Assemble evidence of existing or potential additional funding.

Assembly of the request

Write a complete request including project details, use of funds, and funding needs.
Once again, attach all necessary supporting documents.

Submission of the request

Submit the application to the responsible committee via the portal or the address indicated on the local investment fund's website.
Ensure that the submission is complete and adhere to the submission deadlines.

Follow-up after submission

Receive confirmation of receipt of your request from the responsible organization.
Follow the instructions for any additional information required.

Additional information

Here are additional relevant details for this grant:

The financial aid is complementary, requiring contributions from other financial partners and a promoter's equity share.
There is an interest-free period during the first three years, with repayments starting with principal only.
Gaining a partnership with other financial entities or governmental bodies is necessary to utilize this loan.

Apply to this program

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