MRC du Granit — FLI

• 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.

• 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.

• 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.