MRC Bécancour - Local Investment Fund (FLI) - “General” component
grant_single|update January 24, 2025
QC, Canada
Investment loans for new, developing, or acquiring businesses
grant_single_labels|summary
grant_single|eligibleFinancing
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- 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.
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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.