MRC Joliette — Business Assistance Fund (FAE) – Stream 1

• Completed application form
• Complete business plan with two-year financial projections
• Supporting documents for required eligibility and project information
• Proof of incorporation, if applicable

Who is eligible?

• New for-profit businesses
• Businesses under 18 months old
• Business acquisition projects
• Business succession projects

Who is not eligible

• Non-profit organizations for Stream 1
• Businesses in sexual, religious, or political activities
• Businesses whose income comes mainly from commissions
• Exclusive subcontractors for one company only

Eligible expenses

• Capital expenditures such as land, building, equipment, machinery, and vehicles
• Incorporation costs and similar startup expenses
• Technology, software, licences, and patents
• Working capital for the first two years of operations
• Professional fees and consulting costs for required studies

Ineligible Costs and Activities

• Repayment of previous debts
• Training, business travel, and permit fees
• Purchase of a single vehicle only
• Consulting fees and administration fees from a company in which the promoter holds an interest

Eligible geographic areas

• MRC de Joliette

• The application is first checked for eligibility by a CDÉJ advisor.
• Once the file is complete, it is reviewed by the investment committee.
• The committee decides whether to accept or refuse the project.
• Approved projects are subject to an agreement setting out payment conditions and obligations.
• Funding is released after the agreed conditions are met.

• All approved projects require an agreement between the CDÉJ and the company.
• The funding is paid directly to the legally incorporated business.
• For startup projects, the amount may be reviewed after 18 months if job creation targets are met.