MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève)

This grant offers structured financing options designed to foster business succession in the Bellechasse region. It assists entrepreneurs in acquiring a significant stake in existing enterprises through interest-free and low-interest loans.

• An interest-free loan up to CAD 25,000 is available, with a capital repayment grace period of the first year.
• An additional loan up to CAD 50,000 may be granted, subject to interest.
• The loan must be repaid over a maximum period of seven years.

Eligibility for this grant is determined by specific requirements related to the applicant's intention to acquire a significant stake in an existing business.

• The applicant must desire to acquire at least 25% of the value of an existing business.
• The business must be located within the territory served by Développement Économique Bellechasse (DÉB).
• The acquisition should facilitate the transfer of ownership and support the continuity of the business where the current owners are aging.

Who is eligible?

This grant is intended for entrepreneurs who plan to acquire a significant ownership of at least 25% in an existing business located within the territory served by Développement Économique Bellechasse (DÉB). The goal is to support the succession process in businesses where current owners are aging, ensuring the preservation of jobs and fostering business continuity through proper succession planning.

Eligible expenses

The grant covers expenses directly related to the acquisition of ownership in an existing business.

• Expenses related to the acquisition of ownership interests (voting shares or equity) in the targeted business.
• Professional service fees directly associated with the acquisition transaction.

Eligible geographic areas

This grant applies specifically to companies located in a designated geographic region to support local economic development.

• Companies situated within the territory served by Développement Économique Bellechasse (DÉB).

Here are additional relevant details for this grant:

• The grant includes an interest-free loan component with a capital repayment holiday for the first year.
• An additional loan amount may be available, but it will carry an interest rate.
• The repayment period for the loan is a maximum of seven years from the signature date.