MRC Lotbinière — FLS (Local Solidarity Fund)
QC, Canada
Financial assistance for businesses in Lotbinière région
grant_single_labels|summary
grant_single|eligibleFinancing
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- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
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- grant_single|allIndustries
grant_single|grantors
- MRC de Lotbinière
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grant_card_status|open
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The Fonds locaux d’investissement (FLI, FLS, and Triple F) provide technical and financial assistance to businesses, with a focus on those beyond the pre-startup phase, offering up to $100,000 in funding. The program aims to support business development and growth, with funding eligibility based on adherence to the MRC de Lotbinière's Investment Policy criteria.
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The financial aids available through various organizations in MRC de Lotbinière are focused on supporting young entrepreneurs and businesses in the start-up or growth phases through loans, credit, and financing platforms. These initiatives aim to provide the necessary financial backing and mentorship for new and emerging businesses.
- Financial support for young entrepreneurs for business start-up and mentorship.
- Loans for businesses in pre-startup, start-up, or growth stages.
- Credit lines and grants for young entrepreneurs facing financing challenges.
- Crowdfunding and support for business start-up through diversified funding sources.
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The eligibility criteria for accessing the financial aid through the Fonds locaux d’investissement are defined by the investment policy of the MRC de Lotbinière.
- The business must not be in the pre-start-up phase.
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Organizations eligible to apply for the various financial assistance programs offered by the MRC de Lotbinière and its partners include established businesses (as pre-startup companies are not eligible), as well as young entrepreneurs aged 18 to 39 for specific programs like Futurpreneur Canada. Additionally, entrepreneurs and young entrepreneurs experiencing difficulty securing financing or in the early stages of business growth can apply for assistance from programs like Créavenir Desjardins and MicroEntreprendre Chaudière-Appalaches. Certain programs also focus on startups or businesses up to three years old, and those seeking crowdfunding through La Ruche Chaudière-Appalaches.
grant_eligibility_criteria|who_cannot_apply
This grant has specific restrictions tied to the business development stage and geographical focus. Here are the types of companies or situations that are not eligible for this grant:
- Companies in the pre-startup phase.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses that contribute to business development and growth.
- Business planning and consultation services to improve strategic development.
- Purchase of essential equipment and tools required for business operations.
- Marketing expenses to enhance business visibility and reach.
- Training and skill development programs for business staff.
- Legal and administrative costs necessary for business structuring.
grant_eligibility_criteria|zone
This grant is available to companies located within specific geographical areas overseen by the funding organization. The targeted locations ensure support for regional economic development initiatives.
- Businesses operating within the MRC de Lotbinière.
- Enterprises situated in the Chaudière-Appalaches region.
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Here are the steps to apply for the Fonds locaux d’investissement grant:
- Step 1: Assess Eligibility
- Review the eligibility criteria outlined in the MRC de Lotbinière's investment policy.
- Ensure your business is not in the pre-startup phase as these are not eligible.
- Step 2: Gather Necessary Documents
- Prepare a comprehensive business plan.
- Develop financial projections for a minimum of two years.
- Document the cost of the project and detailed financing structure.
- Collect any other pertinent documents that support your application.
- Step 3: Contact MRC de Lotbinière for Guidance
- Reach out to the MRC office using the provided contact information for personalized assistance and clarifications.
- Discuss any possible exceptions to the investment policy that could apply to your business.
- Step 4: Submission of Application
- Complete your application by compiling all required documents.
- Submit your application in accordance with instructions provided by MRC de Lotbinière, likely via email or physical mail to their office at 126, rue Olivier, Laurier-Station (Québec).
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Here are additional relevant details for these funding opportunities:
- Interest rates for the Fonds locaux d’investissement (FLS) vary according to a risk assessment grid.
- The repayment period for FLS loans can range from 36 to 84 months.
- Futurpreneur Canada's support focuses on young entrepreneurs primarily based on their personality traits rather than financial guarantees.
- MicroEntreprendre Chaudière-Appalaches specifically caters to entrepreneurs and self-employed individuals at various stages including pre-startup and growth.
- Créavenir Desjardins offers both credit lines and grants targeted at young entrepreneurs who face challenges in securing funding through traditional means.
- La Ruche provides a platform that assists entrepreneurs in accessing a diversified pool of funding resources.
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Apply to this program
Unlock Financial Opportunities with Lotbinière's Investment Funds
The Lotbinière Regional County Municipality offers local investment funds providing technical and financial assistance, essential for business growth and development. These funds are especially tailored for businesses beyond the pre-startup phase, offering diverse options to meet various business needs.
Diverse Funding Avenues for Entrepreneurs in Lotbinière
In the vibrant region of Lotbinière, businesses have access to multiple funding opportunities that can significantly boost their growth and sustainability. The Fonds Locaux d’Investissement, including the Fonds Local de Solidarité (FLS), offers substantial financial support. Businesses can receive up to $100,000 in financial aid with adaptable repayment terms ranging from 36 to 84 months. This flexible funding model allows businesses to manage their financial obligations according to their cash flow and growth trajectory. The FLS not only provides capital but also injects confidence into businesses seeking to expand operations or invest in new technologies.Furthermore, Futurpreneur Canada enhances this landscape by focusing on young entrepreneurs aged 18 to 39. This organization provides loans up to $60,000, uniquely assessing applicants based on their potential rather than traditional credit guarantees. Their approach emphasizes the entrepreneurial mindset, offering not only financial backing but also mentoring that ensures young entrepreneurs have the guidance needed to thrive in competitive markets.Additionally, MicroEntreprendre Chaudière-Appalaches stands out by offering personalized loans and support to entrepreneurs at various business stages, whether in pre-startup, startup, or growth phases. Eligible projects can receive funding up to $20,000, which can be pivotal for clients needing a financial boost to operationalize innovative business ideas or expand their market reach.Créavenir Desjardins enriches the financial landscape further by focusing on entrepreneurs who face challenges in securing financing through conventional routes. With age eligibility ranging from 18 to 35, this program provides a combination of credit lines up to $15,000 along with grants up to $5,000, empowering young business minds to realize their entrepreneurial visions with less financial strain.La Ruche Chaudière-Appalaches takes a unique approach as a crowdfunding platform, facilitating additional financial avenues for select types of startups. Through strategic partnerships with public and private institutions, La Ruche helps project leaders diversify funding sources, enhance their credibility, and broaden their public reach. Entrepreneurs have the opportunity to garner significant community support, further enhanced by contributions from the Fonds Mille et un pour la jeunesse.All these financial aids are strategically designed to match the different stages and types of business ventures, making it easier for enterprises in Lotbinière to access funds tailored to their specific needs. Such diverse financial resources not only fuel economic growth but also stimulate job creation, innovation, and overall regional development. By harnessing these opportunities, businesses in Lotbinière can position themselves for durability and success within their respective industries. These funds and supports are not merely financial transactions; they are catalysts for regional economic vitality, fostering an environment where entrepreneurship can flourish, and local economies can thrive sustainably.
