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 — FLI?

MRC du Granit — FLI is funded by MRC du Granit

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

The business objectives must align with the investment policy orientations of the MRC. Entrepreneurs must desire to acquire at least 25% of the value of an existing business or 25% of the fair market value of its assets to be eligible for financing under the succession component.

MRC du Granit — FLI

Last Update: February 23, 2025

QC, Canada

Supports local entrepreneurs with access to various financial aids

MRC du Granit — FLI at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

MRC du Granit

Status

Open

Overview of the MRC du Granit — FLI program

The Fonds local d’investissement (FLI) offered by MRC du Granit provides financial support through loans for the start-up and growth of traditional or social economy businesses, as well as for entrepreneurial succession. This program aims to enhance local entrepreneurship, with eligible activities including acquiring a minimum 25% stake in an existing enterprise for succession purposes, excluding simple business buyouts.

Financing terms and conditions

Financial assistance in the form of loans.
Participatory loans available.
Loan guarantees provided.
Alternative types of financing offered.
Loan assistance for entrepreneurs or groups acquiring at least 25% stake in an existing business or its assets for succession purposes.
General business purchases not eligible for funding.

Eligible projects & activities

Starting a traditional business.
Growing an existing traditional business.
Establishing or expanding a social economy enterprise.
Supporting entrepreneurial succession by acquiring at least 25% of an existing business or its assets.

Eligibility criteria of the MRC du Granit — FLI program

The applicant must be seeking funding for the start-up or growth of traditional or social economy enterprises.
The project must align with the investment policy orientations of the MRC.
Entrepreneurs or groups of entrepreneurs must intend to acquire at least 25% of the value of an existing enterprise or its assets for the purpose of succession.
Simple purchase of an existing business is not eligible for funding.

Who is eligible?

Entrepreneurs or groups of entrepreneurs acquiring a minimum of 25% ownership in an existing business or its assets.
Traditional businesses seeking start-up or growth capital.
Social economy enterprises pursuing development or expansion.

Eligible geographic areas

Municipalities within the MRC du Granit region.

Additional information

The FLI provides financial aid through several forms such as loans, participative loans, and loan guarantees, but does not include grants.
The FLI is designed to support the acquisition of at least a 25% share in an existing company or its assets for entrepreneurial succession.
The mere purchase of a business is not eligible for FLI financing.