MRC L'Érable — FLI - Social economy development
QC, Canada
Social economy project funding up to $25,000
grant_single|update January 25, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Health care and social assistance
- Other services (except public administration)
- Public administration
grant_single|grantors
- MRC L'Érable
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds local d'investissement - Économie sociale provides up to $25,000 in financial support to non-profit organizations and cooperatives for projects that address community-defined social needs. The program aims to support the development and expansion of social economy projects while requiring 20% autonomous revenue generation.
grant_single_labels|terms_and_conditions
This grant offers flexible financing modalities designed to support social economy projects by providing financial assistance tailored to the needs of community-driven initiatives. The terms are structured to ensure affordable financing over a manageable timeline.
- Financial support of up to 50% of the total project cost, with a maximum contribution of $25,000.
- Initial interest rate set at 0.5% for the first year, progressively increasing by 0.5% each year until it reaches 3.5% at the end of 7 years, if applicable.
- Amortization period ranges from 36 to 84 months.
- No application or administrative fees are charged.
grant_single_labels|projects
This grant aims to financially support social economy projects that address community needs. Eligible activities focus on socially-driven initiatives and sustainable revenue generation.
- Projects that follow a social mission supporting the community.
- Activities addressing specific social needs identified by the local community.
grant_single_labels|admissibility
The company eligibility criteria for this grant are based on the type of organization applying and the nature of the project.
- The applicant must be a non-profit organization and incorporated.
- The applicant can also be a cooperative.
grant_eligibility_criteria|who_can_apply
Eligible organizations for this grant include registered non-profit organizations and cooperatives. They must be engaged in projects that have a social goal, address social needs identified by the community, and generate at least 20% autonomous income.
grant_eligibility_criteria|zone
This grant specifically caters to organizations active in social economy development in the L'Érable region. The fund aims to support local community needs by financing eligible social economy projects.
- Organizations based in the L'Érable region.
grant_single_labels|criteria
The selection criteria for projects under the "Fonds local d'investissement - Économie sociale" grant focus on the project's alignment with social goals and its financial sustainability.
- Project that pursues a social purpose.
- Project that addresses social needs as determined by the community.
- Self-generated revenues of 20%.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Ensure your organization is a nonprofit or a cooperative as required.
- Confirm that your project aligns with the social economy and community needs criteria.
- Step 2: Prepare Required Documents
- Develop a comprehensive business plan with detailed project descriptions.
- Prepare financial projections for the next three years.
- Gather any additional documents requested by Développement économique de L'Érable.
- Step 3: Contact Grant Provider
- Reach out to Étienne Drainville, the Senior Business Advisor, for any queries or clarifications regarding the application process.
- Email Étienne Drainville at the provided email address or call 819 362-2333, extension 1224, if needed.
- Step 4: Submit Application
- Send your completed application along with all required documents to Développement économique de L'Érable.
- Ensure that all materials are submitted before any specified deadlines.
- Step 5: Confirmation of Submission
- Await confirmation from Développement économique de L'Érable regarding the receipt of your application.
- Keep the confirmation for your records.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The interest rate starts at 0.5% for the first year and increases by 0.5% annually, up to a maximum of 3.5% by the end of the seven-year term.
- The amortization period for the loan can vary between 36 and 84 months, providing flexibility in repayment schedules.
- There are no file processing fees, making the application more accessible to organizations with smaller budgets.
- Organizations must generate 20% of their revenues autonomously, indicating a focus on projects with sustainable financial models.
- Economic Development of L’Érable reserves the right to change the program conditions without prior notice, which suggests the need for applicants to stay informed of any updates.
grant_single_labels|contact
819 362-2333
