How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC du Granit — FIL?

MRC du Granit — FIL is funded by MRC du Granit

What are MRC du Granit — FIL's eligibility criterias?

The business must be a for-profit entity located within the MRC du Granit, primarily in the manufacturing sector or related areas. The company should be involved in expansion, consolidation, or in rare cases, start-up or business succession. The business activities must align with the strategic development issues of the MRC du Granit.

MRC du Granit — FIL

Last Update: July 22, 2025

QC, Canada

Local investment fund supporting entrepreneurial development in Granit

MRC du Granit — FIL at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Manufacturing

Grant Providers

MRC du Granit

Program status

Open

Overview of the MRC du Granit — FIL program

The MRC du Granit's Fonds d’investissement local (FIL) aims to support local entrepreneurship by providing term loans and convertible participatory loans to viable small businesses, particularly in the manufacturing sector, fostering innovation, market development, and employment opportunities. The funding does not have a specified maximum amount but is designed to complement existing financial solutions without repaying existing debts.

Financing terms and conditions

Term loan provided without requirement for guarantees.
Convertible participatory loan into common shares, also provided without requirement for guarantees.
Investment is held as ordinary shares while remaining a minority shareholder in the enterprise.
The funding must complement existing financing options available from financial institutions and lenders, and cannot be used to repay existing debts or other forms of such financial commitments.
Grants in any form are not eligible under this funding program.

Eligible projects & activities

Support for small for-profit businesses primarily in the manufacturing sector or those reinforcing the manufacturing sector.
Assistance for businesses in expansion, consolidation, or exceptionally in start-up or succession phases.
Support for enterprises that maintain and create sustainable jobs.
Backing for companies whose activities align with the strategic development issues of the MRC du Granit.
Encouragement for innovative companies.
Promotion of businesses focused on product and service diversification, market development, and training.
Support for businesses that do not create excessive competition with existing local enterprises.

Eligibility criteria of the MRC du Granit — FIL program

The applicant must be a small for-profit business located in the territory of the MRC du Granit.
The business should primarily belong to the manufacturing sector, first transformation, or significantly consolidate the key manufacturing sector.
The business must be in expansion or consolidation stage, with exceptions for startups or business transfers.
The enterprise should contribute to maintaining and creating viable jobs.
The business activities must align with the strategic development issues of the MRC du Granit.
Enterprises should have an innovative character.
The business should focus on diversification of products and services, market development, and training.
There should be no excessive competition with existing businesses.

Who is eligible?

Small for-profit businesses primarily in the manufacturing sector on the territory of the MRC du Granit.
Businesses in either expansion or consolidation, exceptionally at startup or succession stages.
Businesses that enable the maintenance and creation of viable jobs.
Businesses whose activity aligns with the strategic development issues of the MRC du Granit.
Innovative businesses.
Businesses focused on diversifying products and services, market development, and training.
Businesses that do not create excessive competition with existing local companies.

Eligible geographic areas

Businesses located in the MRC du Granit territory.

Additional information

The investment must be complementary to funding provided by existing financial institutions and lending organizations.
The funding is not to be used to repay debts or other forms of financing already provided by these institutions.