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

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Who is eligible for the MRC Bécancour - Local Investment Fund (FLI) - “General” component program?

To be eligible for the MRC Bécancour - Local Investment Fund (FLI) - “General” component program, you must: • Financial forecasts demonstrating profitability are required. • A marketing plan must be presented. • The business must be registered with the Registre des entreprises du Québec (REQ). • A financial contribution of 10% of the project cost is needed.

Q: Who can I contact for more information about the MRC Bécancour - Local Investment Fund (FLI) - “General” component?

You can contact MRC Bécancour.

Q: Where is the MRC Bécancour - Local Investment Fund (FLI) - “General” component available?

The MRC Bécancour - Local Investment Fund (FLI) - “General” component program is available the province of QC.

Q: Are startups eligible for the MRC Bécancour - Local Investment Fund (FLI) - “General” component program?

Yes, startups are eligible to apply for the MRC Bécancour - Local Investment Fund (FLI) - “General” component program.

Last Update: July 22, 2025

QC, Canada

Investment loans for new, developing, or acquiring businesses

At a glance

Eligible Funding

From $5,000 to $75,000
Up to 10% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

Manufacturing
Retail trade
Accommodation and food services
Other services (except public administration)
Public administration

Funds Providers

Unspecified

Program status

Open

Overview

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.

Financing 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.

Activities funded

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.

Eligibility

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.

Who is eligible?

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.

Who is not eligible

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.

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.

Eligible geographic areas

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.

How to apply

Evaluation of eligibility

Verify that the company operates in one of the eligible sectors: manufacturing, agri-food, tourism, commercial, and service.
Ensure that the company does not belong to the non-eligible sectors: primary agriculture, general contractor in construction.
Confirm that the financial forecasts indicate profitability.
Validate the registration of the company in the Quebec business register (REQ).
Prepare a down payment corresponding to 10% of the project cost.

Preparation of the file

Write a detailed marketing plan.
Prepare financial forecasts demonstrating the project's profitability.
Gather supporting documents, including registration certificates with the REQ and the assembly of the initial investment.

Loan application file preparation

Establish a file including the loan application with the required amounts (between $5,000 and $75,000) and the repayment period (maximum 84 months).

Submission of the request

Submit the complete application to the management organization of the Local Investment Fund by the specified means (online, in person, or by mail according to the instructions).
Check that all required documents are included and correctly filled out.

Additional information

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

Frequently Asked Questions about the MRC Bécancour - Local Investment Fund (FLI) - “General” component Program

Here are answers to the most common questions about the MRC Bécancour - Local Investment Fund (FLI) - “General” component. 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.