MRC L'Érable — Local Investment Fund (FLI)

Q: How much funding can be received?

MRC L'Érable — Local Investment Fund (FLI) Funds up to 50% of admissible expenses, capped at $150000 per project.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: 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

Q: 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

Q: 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.

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

The MRC L'Érable — Local Investment Fund (FLI) program is available the province of QC.

Q: Are startups eligible for the MRC L'Érable — Local Investment Fund (FLI) program?

Yes, startups are eligible to apply for the MRC L'Érable — Local Investment Fund (FLI) program.

Last Update: July 22, 2025

QC, Canada

Local Investment Fund: financial aid for business growth

At a glance

Eligible Funding

Max. $150,000
Up to 50% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

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.

Financing terms and conditions

The Local Investment Fund (FLI) provides technical and financial support to businesses, ensuring flexible financing based on a variety of terms. The fund is structured to assist projects in various stages, from initiation to expansion.

Financial assistance reaches up to $150,000, covering a maximum of 50% of eligible expenses, or up to 80% for social economy enterprises.
Loans over $25,000 must be combined with an FLS loan.
The interest rate is based on the Bank of Canada’s prime rate plus a risk premium, with a minimum base rate of 4.5%.
Amortization periods range from 36 to 84 months.
A 1% application fee is charged.

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

Eligibility for the Fonds local d’investissement (FLI) – volet général is defined by specific criteria associated with the company's sector and financial projections.

The company must operate in any sector of activity.
The project must demonstrate viability and profitability.
The project must have economic impacts.
The company must have an equity of 20% after the project.

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.

Selection criteria

The evaluation and selection of projects for the Fonds local d’investissement (FLI) – volet général are focused on several key factors to ensure projects align with the fund's criteria and objectives.

Viability and profitability of the project.
Economic impacts of the project.
Post-project equity of 20%.

How to apply

Preparation of the request

Write a detailed project presentation document.
Prepare three-year financial forecasts.
Gather all other relevant documents required.

Evaluate eligibility

Check that your business meets the criteria for viability and profitability.
Ensure that your equity after the project will meet the minimum requirements of 20%.

Calculate the financing

Assess the amount of eligible expenses.
Determine the amount of financial aid required, up to $150,000 and a maximum of 50% of eligible expenses (80% for social economy enterprises).
Ensure that a loan greater than $25,000 is combined with an FLS loan.

Submission of the request

Contact Economic Development of L'Érable to find out the portal or submission address.
Submit all required documents.

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%.

Apply to this program

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.