MRC Bécancour — Local solidarity funds (FLS)

• Completed and signed application form
• Business plan or detailed project description
• Detailed breakdown of project expenses
• Project financing plan and confirmation of other funding, if applicable
• Financial statements for the last three years, interim statements if needed, and projected financial statements

Who is eligible?

• Manufacturing businesses
• Agri-food businesses
• Tourism businesses
• Commercial businesses
• Service businesses

Who is not eligible

• Primary agricultural businesses
• General contractors in construction

Eligible expenses

• Working capital related to business operations
• Additional working capital for the first year after a development project

Ineligible Costs and Activities

• Expenses incurred before the application is filed
• Debt service and repayment of existing or future loans
• Research and development expenses
• Normal operating expenses of the business
• Quebec sales taxes

Eligible geographic areas

• MRC de Bécancour, Quebec

• Economic viability of the business
• Experience and knowledge of the promoters
• Environmental and social impact
• Contribution from other financial partners
• Long-term sustainability of the fund

• Step 1: Prepare the application file
  • Complete the financial assistance application form.
  • Prepare the business plan or detailed project description.
  • Gather the financial statements and projected financial statements.
  • Prepare the project budget breakdown and financing plan.
• Step 2: Submit supporting documents
  • Include any required proof of francization compliance, if applicable.
  • Include any required employment equity compliance declaration, if applicable.
  • Add any other documents requested by the MRC.
• Step 3: File review and decision
  • Send the complete file to the MRC de Bécancour.
  • The application is reviewed and analyzed once all required documents are received.
  • The applicant is informed of the decision after review.

• Applications are reviewed, analyzed, and decided by the MRC de Bécancour.
• Files are processed continuously once the required information and documents are provided.
• Applications are assessed against budget availability and program rules.
• A loan agreement is used for approved financing.

Additional key details for the Fonds locaux de solidarité (FLS) include the following:

• The loan is designed to be complementary to other financial partnerships, which may include traditional financial institutions or governmental bodies.
• A minimum personal financial commitment from the promoter is obligatory, indicating substantial involvement from the entrepreneur in the project.
• The loan supports operational working capital needs pertinent to business activities and expansion within the first year.