How much funding can be received?

Funds up to 25% of admissible expenses, capped at $75000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Drummond — Local investment funds and local solidarity funds?

MRC Drummond — Local investment funds and local solidarity funds is funded by MRC Drummond

MRC Drummond — Local investment funds and local solidarity funds

Q: What are MRC Drummond — Local investment funds and local solidarity funds's eligibility criterias?

Operating for at least two years Registered with Quebec's business registry (REQ) Manufacturing sector only

Last Update: June 23, 2025

QC, Canada

Development funding for eligible Quebec manufacturing businesses

MRC Drummond — Local investment funds and local solidarity funds at a glance

Eligible Funding

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

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Manufacturing

Grant Providers

MRC Drummond

Status

Open

Overview of the MRC Drummond — Local investment funds and local solidarity funds program

The Fonds local d’investissement (FLI) program's "entreprise en développement" component offers up to $75,000 as a term loan to support investment projects in the manufacturing sector. Eligible activities include capital expenditures on items such as land, building, equipment, and working capital essential to the business's operations.

Financing terms and conditions

Term loan covering up to 25% of the total project cost, capped at $75,000.
Investment projects must range between $50,000 and $300,000.
Promoter is required to provide a minimum of 10% of the project cost as an equity contribution.

Eligible projects & activities

Expansion or modernization projects for established manufacturing companies.
Investments to enhance production capacity or efficiency within the manufacturing sector.

Eligibility criteria of the MRC Drummond — Local investment funds and local solidarity funds program

The applicant must operate in the manufacturing sector.
The company must have been in operation for at least two years.
The business must be registered with the Registre des entreprises du Québec (REQ).
The applicant must contribute at least 10% of the project cost as an equity contribution.

Who is eligible?

Manufacturing companies

Who is not eligible

Companies in the traditional tertiary sector (such as retail and standard service businesses).
Businesses in the tourism sector.
Companies in the agri-food sector.
Primary agricultural sector businesses.

Eligible expenses

Purchase of land and buildings.
Acquisition of equipment and rolling stock.
Incorporation fees.
Working capital needs directly related to business operations.

Eligible geographic areas

Companies operating within the MRC Drummond region in Quebec.

How to apply to the MRC Drummond — Local investment funds and local solidarity funds program

Eligibility verification

Ensure that your business is in the manufacturing sector.
Check that your business has been operational for more than two years.
Confirm that the investment project is between $50,000 and $300,000.
Check that your business is registered with the Quebec Enterprise Register (REQ).
Have at least 10% of the project cost as a down payment.

Preparation of the request

Prepare a detailed project description.
Compile all required documents: proof of business registration, project plan detailing the budget and eligible expenses.
Obtain letters of support from other potential financial partners.

Consultation with the organization

Contact the organization offering the FLI for prior advice or clarification on the necessary documentation.

Submission of the request

Submit your complete application to the office of the agency responsible for the FLI.
Include all required documents as well as a copy of your project plan.

Follow-up on the request

Wait for a confirmation of receipt of your request.
Prepare to respond to any additional information requests from the organization.

Additional information

The loan must be used in conjunction with other financial partners, such as financial institutions or government organizations, and requires a promoter's equity contribution.
The financial support is delivered specifically as a term loan rather than a grant.
Special loan conditions apply over different periods, including reduced or zero interest rates in initial years.