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MRC L'Érable — Local Investment Fund (FLI) - Quebec - Canada
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MRC L'Érable — Local Investment Fund (FLI)

Local Investment Fund: financial aid for business growth
MRC L'Érable
Last Update: March 3, 2026
Funding available
$ 150,000
Timeline
  • Open continuously
Location
Centre-du-Québec, Quebec, Canada

Overview

The Fonds local d’investissement (FLI) - General Component provides technical and financial assistance to startups, expanding businesses, or businesses undergoing restructuring, offering up to $150,000 in funding, which can cover up to 50% of eligible expenses (80% for social economy enterprises). Eligible activities include starting a business, enhancement and transformation, growth and expansion, and business succession, with funds available for working capital, land, buildings, equipment, and professional fees, excluding R&D activities.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Reduce environmental footprint
Eligible Funding
  • Maximum amount : 150,000 $
  • Up to 50% of project cost
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • All industries
Location
  • L’Érable
  • Centre-du-Québec
  • Quebec
Legal structures
  • For-profit business
  • Sole proprietorship
  • Social economy enterprise
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

This fund provides both technical and financial support to enterprises that are at various stages of development. The eligible projects encompass a range of business activities crucial for enterprise growth and sustainability.

  • Start-up activities for new businesses.
  • Improvement and transformation initiatives for existing enterprises.
  • Growth and expansion projects for scaling operations.
  • Entrepreneurial succession planning and execution.

Eligibility

Eligible expenses

The grant covers a range of expenses essential for the establishment, expansion, or restructuring of a business project.

  • Working capital for the first two years of the project's implementation.
  • Purchase of land and buildings.
  • Acquisition of equipment and rolling stock.
  • Incorporation fees.
  • Investment in technology, software, and patents.
  • Professional fees.

Eligible geographic areas

This grant is provided by the economic development of L'Érable, suggesting it is intended for businesses within that locale. There is no explicit mention of specific eligible geographical areas in the provided information.

Additional information

Here are additional relevant details for this grant:

  • A loan exceeding $25,000 must be combined with a Fonds local de solidarité (FLS) loan.
  • The interest rate applied is based on the Bank of Canada's benchmark rate with an added risk premium, not falling below a base rate of 4.5%.
  • The amortization period for the loan ranges from 36 to 84 months.
  • An administration fee of 1% is applied to the loan.
  • Technical and financial assistance is available for businesses at various stages, including startup, expansion, and restructuring.
  • Equity after the completion of the project must be at least 20%.

Frequently Asked Questions about the MRC L'Érable — Local Investment Fund (FLI) Program

Here are answers to the most common questions about the MRC L'Érable — Local Investment Fund (FLI). This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the MRC L'Érable — Local Investment Fund (FLI)?

The Fonds local d’investissement (FLI) - General Component provides technical and financial assistance to startups, expanding businesses, or businesses undergoing restructuring, offering up to $150,000 in funding, which can cover up to 50% of eligible expenses (80% for social economy enterprises). Eligible activities include starting a business, enhancement and transformation, growth and expansion, and business succession, with funds available for working capital, land, buildings, equipment, and professional fees, excluding R&D activities.

How much funding can be received?

MRC L'Érable — Local Investment Fund (FLI) Funds up to 50% of admissible expenses, capped at $150,000 per project.

Who is eligible for the MRC L'Érable — Local Investment Fund (FLI) program?

To be eligible for the MRC L'Érable — Local Investment Fund (FLI) program, you must: Businesses from all sectors of activity. Viability and profitability of the project. Economic impacts of the project.

What expenses are eligible under MRC L'Érable — Local Investment Fund (FLI)?

This fund provides both technical and financial support to enterprises that are at various stages of development. The eligible projects encompass a range of business activities crucial for enterprise growth and sustainability. Start-up activities for new businesses. Improvement and transformation initiatives for existing enterprises. Growth and expansion projects for scaling operations. Entrepreneurial succession planning and execution.

Where is the MRC L'Érable — Local Investment Fund (FLI) available?

The MRC L'Érable — Local Investment Fund (FLI) program is available Centre-du-Québec, Quebec.

Is the MRC L'Érable — Local Investment Fund (FLI) a grant, loan, or tax credit?

MRC L'Érable — Local Investment Fund (FLI) is a Loans and Capital investments

Who are the financial supporters of the MRC L'Érable — Local Investment Fund (FLI)?

MRC L'Érable — Local Investment Fund (FLI) is funded by MRC L'Érable

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