MRC Bécancour — Local solidarity funds (FLS)
- Open continuously
Overview
The Fonds locaux de solidarité (FLS) offers loans ranging from $5,000 to $100,000 to new, developing, and acquiring businesses within eligible sectors such as manufacturing, commercial services, tourism, and agri-food. The funding aims to support financial needs related to operational working capital and additional capital requirements for the first year of development projects.
At a glance
Funding available
- Reduce environmental footprint
- Access new markets
- Maximum amount : 100,000 $
- Minimum amount : 5,000 $
- Up to 10% of project cost
- Open continuously
Eligible candidates
- Manufacturing
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration
- Bécancour
- Centre-du-Québec
- Quebec
- Sole proprietorship
- For-profit business
- All revenue ranges
- All organization sizes
- Startups
Next Steps
Activities funded
This grant serves to support businesses in various sectors by providing financial assistance for operational growth and strategic development projects. Eligible projects are those aligned with developing or acquiring businesses across Canada's manufacturing, commercial, service, and tourism sectors.
- Projects supporting the development of new manufacturing technologies or facilities.
- Initiatives aimed at expanding commercial business operations or entering new markets.
- Strategic service sector projects focused on enhancing service delivery or customer outreach.
- Tourism industry ventures aimed at improving tourist facilities or services.
- Acquisition of existing businesses to promote local economic growth.
Eligibility
Who is eligible?
The Fonds locaux de solidarité (FLS) provides loans for new businesses, businesses in development, and businesses to be acquired within the sectors of agriculture, commerce, manufacturing, services, and tourism in Quebec. Notably, primary agricultural sectors and general contractors in construction are not eligible. Companies must demonstrate financial forecasts indicating profitability, have a marketing plan, be registered with the Quebec enterprise register, and the promoter must contribute a minimum of 10% of the project's cost.
Who is not eligible
This grant excludes certain industries and types of companies based on their primary sector activities. The goal is to focus financial aid on key sectors as specified in the grant guidelines.
- Companies in the primary agricultural sector.
- General construction entrepreneurs.
Eligible expenses
The grant covers eligible expenses related to working capital needs for business operations and additional working capital needs for the first year following a development project.
- Working capital needs related to business operations.
- Additional working capital needs calculated for the first year following a development project.
Additional information
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.