MRC L'Érable — Local Solidarity Fund (LSF)

Q: How much funding can be received?

MRC L'Érable — Local Solidarity Fund (LSF) Funds up to 50% of admissible expenses, capped at $100000 per project.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the MRC L'Érable — Local Solidarity Fund (LSF) a grant, loan, or tax credit?

MRC L'Érable — Local Solidarity Fund (LSF) is a Loans and Capital investments

Q: Who are the financial supporters of the MRC L'Érable — Local Solidarity Fund (LSF)?

MRC L'Érable — Local Solidarity Fund (LSF) is funded by MRC L'Érable

Q: Who is eligible for the MRC L'Érable — Local Solidarity Fund (LSF) program?

To be eligible for the MRC L'Érable — Local Solidarity Fund (LSF) program, you must: • The business must be a commercial, service, manufacturing, social economy, or agricultural enterprise. • The project must demonstrate viability and profitability. • The project must have economic impacts.

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

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

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

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

Last Update: July 22, 2025

QC, Canada

FLS supports business start-up, expansion, and consolidation

At a glance

Eligible Funding

Max. $100,000
Up to 50% of project cost

Timeline

Unspecified

Financing Type

Loans and Capital investments

Eligible Industries

Agriculture, forestry, fishing and hunting
Manufacturing
Retail trade
Health care and social assistance
Other services (except public administration)
Public administration

Funds Providers

Unspecified

Program status

Open

Overview

The Fonds local de solidarité (FLS) offers technical and financial assistance of up to $100,000 for businesses in startup, expansion, or consolidation phases, focusing on projects such as entrepreneurial succession, business acquisition, and growth improvement. Eligible activities include working capital, land and equipment purchases, marketing expenses, and the acquisition of software technologies and patents.

Financing terms and conditions

This grant provides a combination of financial and technical assistance to support various phases of business development, focusing on ensuring sustainable growth and economic impact. The financing modalities are structured to accommodate diverse business projects across different sectors.

Financial assistance of up to $100,000, with specific caps for part-time projects related to agricultural zone development capped at $50,000.
Interest rates are set at the preferential rate increased by a risk premium ranging from 3% to 6%.
Repayment periods range from 36 to 72 months.
Application fee of 1% is applicable.
Eligible expenditure includes working capital, land, buildings, equipment, vehicles, incorporation fees, marketing expenses, new product development costs, and acquisition of software and technology patents.

Activities funded

The Local Solidarity Fund (LSF) offers technical and financial assistance for various business activities. Eligible projects encompass new business ventures, growth, and transformative initiatives.

Startup of new businesses.
Entrepreneurial succession planning.
Business acquisition.
Improvement and transformation of existing businesses.
Growth and expansion initiatives.
Temporary financing needs.
Business recovery projects.

Eligibility

Eligibility for the Fonds local de solidarité (FLS) grant is determined by specific criteria related to the type of enterprise and the project's viability and impact.

The business must fall into one of the following categories: commerce, service, manufacturing, social economy, or agricultural enterprise.
The project must be viable and profitable.
The project must have economic impacts.
Eligible projects include start-ups, business succession, business acquisition, improvement and transformation, growth, temporary financing, and turnarounds.

Who is eligible?

This grant provides technical and financial assistance to start-up, expanding, or consolidating businesses, with a focus on specific business types and project viability.

Target businesses: Commercial enterprises, service providers, manufacturing companies, social economy enterprises, and agricultural businesses.
Viability and profitability of the project.
Economic impacts of the project.
Projects eligible for funding include start-ups, entrepreneurial succession, business acquisition, improvement and transformation, growth, temporary financing, and business recovery.

Eligible expenses

The grant covers specific expenses necessary for starting, expanding, or consolidating business projects.

Working capital at any time.
Purchase of land.
Buildings acquisition.
Equipment costs.
Rolling stock expenses.
Incorporation fees.
Marketing expenses.
Development costs for new products.
Acquisition of software technologies and patents.

How to apply

Preparation of the application file

Develop a detailed business plan reflecting the viability and profitability of your project.
Prepare three-year financial projections.
Gather other relevant documents demonstrating the economic impact of your project.

Compilation of eligible expenses

List and compile all eligible expenses planned, such as land, building, equipment, and working capital.
Include projected marketing expenses and new product development costs.
Check that non-eligible expenses, such as goodwill and R&D, are not included.

Calculation of the required funding amount

Assess the total amount of funds needed for the project.
Ensure that the requested funding does not exceed 50% of the eligible expenses for part-time PDZA projects.

Submission of the request

Check that all sections of the file are complete and accurate.
Contact the FLS to find out the method of submitting the request, for example via an online portal or by mail.
Submit the application with all necessary documents, ensuring that the filing fee of 1% is accounted for.

Apply to this program

Frequently Asked Questions about the MRC L'Érable — Local Solidarity Fund (LSF) Program

Here are answers to the most common questions about the MRC L'Érable — Local Solidarity Fund (LSF). 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 Solidarity Fund (LSF)?

How much funding can be received?

What expenses are eligible under MRC L'Érable — Local Solidarity Fund (LSF)?

The Local Solidarity Fund (LSF) offers technical and financial assistance for various business activities. Eligible projects encompass new business ventures, growth, and transformative initiatives. Startup of new businesses. Entrepreneurial succession planning. Business acquisition. Improvement and transformation of existing businesses. Growth and expansion initiatives. Temporary financing needs. Business recovery projects.