MRC Bécancour - Local Investment Fund (FLI) - “General” component - QC - Canada

MRC Bécancour - Local Investment Fund (FLI) - “General” component

QC, Canada
Investment loans for new, developing, or acquiring businesses
grant_single|update January 24, 2025

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Manufacturing
  • Retail trade
  • Accommodation and food services
  • Other services (except public administration)
  • Public administration
grant_single|grantors
  • MRC Bécancour
grant_single|status
grant_card_status|open

grant_single_labels|preview

The Fonds local d’investissement (FLI) - volet "général" provides term loans ranging from $5,000 to $75,000 to support new, developing, or acquiring businesses in the manufacturing, agri-food, tourism, commercial, and service sectors in Quebec. The program aims to cover working capital needs for the first year of operation or following development projects, requiring financial forecasts, a marketing plan, and a 10% project cost investment.

grant_single_labels|terms_and_conditions

This local investment fund offers strategic financing solutions tailored to support emerging businesses in specific sectors. The provided loan terms facilitate business growth and are designed to complement other financial assistance.
  • Term loan ranging from $5,000 to $75,000.
  • Maximum loan duration of 84 months.
  • Loans require complementary funding from other financial partners or government entities.
  • A promoter's contribution of at least 10% of the project cost is mandatory.
  • Eligible funds cover working capital needs for the first year of operation and additional needs for development projects.

grant_single_labels|projects

The Local Investment Fund (FLI) "General" component offers financial support for projects across a diverse range of industries. Eligible initiatives are geared towards the growth and development of new or existing businesses.
  • Financing for startup enterprises to cover initial operational costs.
  • Support for developing businesses requiring additional working capital.
  • Funding for business acquisitions aimed at expansion and increased market presence.
  • Facilitating projects in the manufacturing, commercial, service, agro-food, and tourism sectors.

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the financial projections, registration status, and project funding of the applicant.
  • The company must provide financial forecasts that demonstrate profitability.
  • The company must have a marketing plan in place.
  • The company must be registered in the Registre des entreprises du Québec (REQ).
  • The company must provide a contribution of 10% of the project cost as a down payment.

grant_eligibility_criteria|who_can_apply

This grant is designed to support new businesses, developing businesses, and businesses seeking acquisition across various sectors.- Financial forecasts demonstrating profitability.- A marketing plan.- The business must be registered with the Quebec Enterprise Register (REQ).- A minimum personal investment of 10% of the project cost.- Available for sectors including manufacturing, agri-food, tourism, commercial, and service industries, excluding primary agriculture and general construction contractors.- The loan serves as a complementary financial assistance alongside other financial partners.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries based on their primary sector of activity. The restrictions ensure that funding is allocated to strategic industries that align with economic development goals.
  • Businesses involved in primary agricultural activities.
  • General construction contractors.

grant_eligibility_criteria|eligible_expenses

The grant is designated to cover specific working capital needs related to the operation and growth of the business in its first year.
  • Working capital needs concerning business operations for the first year of operation.
  • Additional working capital needs calculated for the first year following a development project.

grant_eligibility_criteria|zone

This grant is specific to companies within a particular area in Quebec. The eligible locations are tailored to promote local economic growth.
  • Businesses registered and operating in the MRC Bécancour region in Quebec.

grant_single_labels|apply

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The loan must be complemented by other financial partners, such as financial institutions or governmental organizations.
  • Applicants must provide a financial forecast demonstrating profitability to be eligible for the loan.
  • The loan is available to complement a promoter's personal investment in the project.
  • The business must be registered in the Quebec Enterprise Register (REQ).
  • A personal investment of 10% of the project cost is required from the promoter.

Apply to this program

More grants like this

Quebec International — International recruiting -
Expert Advicegrant_card_status|open
Recruit global talent for your Quebec City business
REGI — Regional Innovation Ecosystems — CED (QC) — Not-for-profit -
Grant and Fundinggrant_card_status|open
Money to support business growth in Quebec
Financial Assistance Program for the Promotion of French – stream 1 -
Grant and Fundinggrant_card_status|closed
Money to promote the use of French in the office
INNOV-R — CRIAQ -
Grant and Fundinggrant_card_status|closed
Funding for GHG-reduction projects in Quebec
Project support program for the Critical and Strategic Minerals Scientific Research Network -
Grant and Fundinggrant_card_status|closed
Foster collaborative research and innovation in Quebec's critical and strategic mineral sectors, positioning the region as a global leader
ÉcoPerformance  — Implementation of large industrial projects -
Grant and Fundinggrant_card_status|open
Financial support for large-scale industrial projects
PRIMA — Call for Projects -
Grant and Fundinggrant_card_status|open
Funding for collaborative advanced materials R&D projects in Quebec
MRC Pontiac — FRR Stream 1 -
Grant and Fundinggrant_card_status|open
Support for regional development and territorial vitality in Quebec
Community Interaction Program — Study projects -
Grant and Fundinggrant_card_status|closed
Money for study projects on the St. Lawrence ecosystem
FMC+ -
Grant and Fundinggrant_card_status|open
Supports innovative waste reduction and eco-friendly projects in Quebec