MRC du Granit — FIL

• 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.

• 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.

• 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.