MRC Lotbinière — FLI (Local Investment Fund)

• Completed, dated, and signed application form
• Business plan or detailed project description
• Detailed project expense breakdown
• Financial package and confirmation of other funding
• Recent and projected financial statements

Who is eligible?

• Businesses seeking financing through the MRC de Lotbinière funds.
• Young entrepreneurs aged 18 to 39 through Futurpreneur Canada.
• Entrepreneurs and self-employed workers through MicroEntreprendre Chaudière-Appalaches.
• Entrepreneurs aged 18 to 39 through Créavenir Desjardins.
• Businesses using the La Ruche Chaudière-Appalaches crowdfunding platform.

Who is not eligible

• Pre-startup businesses.

Eligible expenses

• Working capital needed for the project
• Technology, equipment, machinery, and vehicles
• Construction, expansion, renovation, and site or premises development
• Professional fees related to feasibility, audits, studies, implementation, and transaction support
• Business acquisition costs, including shares or assets

Ineligible Costs and Activities

• Expenses incurred before the application is filed
• Debt service and repayment of existing or future loans
• Transactions between related businesses or partners
• Research and development expenses
• Normal operating expenses and Quebec sales taxes

Eligible geographic areas

• MRC de Lotbinière

• Economic viability of the business
• Experience and skills of the promoters
• Environmental and social benefits
• Contribution from other financing partners
• Impact on jobs and regional development

• Step 1: Prepare the application
  • Complete the application form.
  • Prepare the business plan and supporting financial documents.
  • Assemble the project budget and financing structure.
• Step 2: Submit the file
  • Send the full application file to the MRC of Lotbinière.
  • Include all required documents requested by the MRC.
• Step 3: File review and decision
  • The MRC reviews eligibility, analyzes the project, and makes a decision.
  • Processing continues as documents are received and budget availability is confirmed.

• Applications are received and reviewed by the MRC of Lotbinière.
• Eligibility, analysis, and decision are handled by the MRC.
• Files are processed continuously once all required information is received.
• Review takes into account budget availability and policy compliance.

• The fund is part of the MRC de Lotbinière investment policy.
• Applications are reviewed on an ongoing basis.
• Processing depends on the required documents being provided.
• A dossier retention fee of $100 per year of loan applies to funded files.