MRC Lotbinière — FLI (Local Investment Fund)
Last Update: January 25, 2025
QC, Canada
Local investment funds for enterprise financial assistance
MRC Lotbinière — FLI (Local Investment Fund) at a glance
Eligible Funding
- Max. $150,000
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- MRC de Lotbinière
Status
Open
Overview of the MRC Lotbinière — FLI (Local Investment Fund) program
The Fonds locaux d’investissement (FLI) provides financial assistance up to $150,000 to businesses for projects excluding pre-startup phases, with eligibility based on the MRC de Lotbinière's Investment Policy. This program supports businesses in expanding or growing their operations over a financing term between 36 to 84 months.
Financing terms and conditions
The MRC Lotbinière — FLI offers a financial aid program aimed at supporting enterprises with technical and financial assistance. It provides a structured financial framework for approved enterprises.
- Financial assistance up to $150,000.
- Interest rate includes a base rate plus a risk-based rate as per the investment policy.
- Repayment terms range from 36 to 84 months.
Eligible projects & activities
This fund provides financial and technical assistance to established businesses for their investment projects. It excludes enterprises in the pre-start-up phase, focusing instead on assisting those ready for growth and expansion.
- Business expansion projects requiring capital investment.
- Projects focusing on improving operational efficiency and competitiveness.
- Investments aimed at scaling business operations and increasing market reach.
Eligibility criteria of the MRC Lotbinière — FLI (Local Investment Fund) program
Eligibility for the Fonds locaux d’investissement is determined by specific criteria related to the phase of business development and other factors.
- The applicant must not be in the pre-startup phase.
- The applicant must adhere to the MRC de Lotbinière's investment policy.
- Exceptions to the criteria may apply.
Who is eligible?
- Entrepreneurs aged 18-39 seeking financial support for starting a business through Futurpreneur Canada.
- Entrepreneurs and self-employed individuals in the preparation, startup, or growth stages through MicroEntreprendre Chaudière-Appalaches.
- Entrepreneurs aged 18-35 who have difficulty obtaining financing for business startups or businesses less than 3 years old through Créavenir Desjardins.
- Promoters looking for alternative funding sources for business startups using the La Ruche crowdfunding platform.
- Established businesses in the Lotbinière region looking for financial assistance, not in the pre-startup phase, through the Fonds locaux d’investissement (FLI).
Who is not eligible
There are certain restrictions on the types of companies that can apply for the Fonds locaux d’investissement. Specifically, businesses in the pre-start-up phase are not eligible for this grant.
- Businesses in the pre-start-up phase.
Eligible geographic areas
This grant is specifically designed for companies that are located within the jurisdiction of MRC de Lotbinière. The eligibility is geographically focused to support local economic development within this region.
- Companies based in the MRC de Lotbinière area.
How to apply to the MRC Lotbinière — FLI (Local Investment Fund) program
1
Verification of eligibility criteria
Confirm that your company is in the startup or growth phase, but not in the pre-startup phase.
2
Preparation of the documentation
- Develop a detailed business plan.
- Prepare financial forecasts for two years.
- Gather project cost details and the financing structure.
- Collect other relevant documents for the file analysis.
3
Initial contact with the organization
Contact the MRC of Lotbinière for clarification on the investment policy and possible exceptions.
4
Transmission of the request
Send all required documents to the address or by email provided, namely.
Additional information
Here are additional relevant details for the funding programs available in the MRC de Lotbinière:
- Each fund specifies different interest rates based on the associated risk profile.
- A thorough business plan and financial forecasts are essential documents for application.
- Technical assistance may be available to aid in the preparation and successful submission of applications.