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

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Who can I contact for more information about the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève)?

You can contact MRC de Bellechasse.

Q: Where is the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) available?

The MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) program is available the province of QC.

Q: Are startups eligible for the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) program?

Yes, startups are eligible to apply for the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) program.

Q: Are youth (under 40) eligible for the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) program?

Yes, youth under 40 are eligible to apply for the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) program.

Last Update: July 22, 2025

QC, Canada

Interest-free loan to support business succession in Bellechasse

At a glance

Eligible Funding

Max. $75,000
Up to 25% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

Overview

The FLI Relève program is designed to facilitate business succession by offering interest-free loans up to $25,000 to entrepreneurs acquiring at least 25% of an existing business in Développement Économique Bellechasse (DÉB). Eligible activities include purchasing ownership stakes and covering professional fees related to the acquisition transaction.

Financing terms and conditions

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.

Activities funded

This grant facilitates the acquisition of significant ownership in existing businesses within the Bellechasse region, supporting business succession and economic continuity. The eligible projects focus on ownership transition and business acquisition activities.

Acquisition of voting shares or partnership interests in existing businesses.
Payment for professional services directly related to the acquisition transaction.

Eligibility

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).

How to apply

Eligibility Assessment

Check the eligibility criteria for the FLI Relève with Economic Development Bellechasse.
Confirm that the company is located within the territory covered by DÉB and that the acquisition represents at least 25% of the value of the company.

Preparation of the documentation

Gather the documents related to the acquisition, including the company's title deeds (voting shares or partnership interests).
Collect the proof of professional service fees directly related to the transaction.
Prepare a detailed business plan demonstrating the viability of the business and the impact of the acquisition on local development.

Development of the request

Fill out the specific application form for the Relève component of the FLI.
Include a description of the project and the objectives of the acquisition.
Provide evidence of job preservation in the transmitted company.

Submission of the request

Submit the complete funding application to the Bellechasse Economic Development office.
Check that all documents are properly attached and that the file is complete.

Confirmation of receipt

Wait for the confirmation of receipt of the request by DÉB.
Follow any further communication regarding possible requests for additional documents or clarifications.

Additional information

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.

Apply to this program

Frequently Asked Questions about the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) Program

Here are answers to the most common questions about the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève)?

How much funding can be received?

What is the deadline to apply?

Is the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) a grant, loan, or tax credit?

Who are the financial supporters of the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève)?

Who is eligible for the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) program?

To be eligible for the MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève) program, you must: The applicant must intend to acquire at least 25% of the value of an existing business located in the Développement Économique Bellechasse (DÉB) territory. The acquisition should aim to support succession within businesses, ensuring the continuity and sustainability of operations. The business must be situated within the jurisdiction of Développement Économique Bellechasse (DÉB).