Open
MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS)
Local financing for SME start-up and expansion
Last Update: April 9, 2026
Funding available
$ 250,000
Timeline
- Open continuously
Location
Côte-Nord, Quebec, Canada
Overview
This program provides local financing and technical support to SMEs in Minganie. It supports start-up, expansion, acquisition, consolidation, improvement, transformation, and entrepreneurial succession, with financing up to $150,000 through the FLI and $100,000 through the FLS.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Increase production or service capacity
- Increase operational productivity
Eligible Funding
- Maximum amount : 250,000 $
- Up to 50% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Minganie
- Côte-Nord
- Quebec
Legal structures
- For-profit business
- Social economy enterprise
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business start-up at the commercialization stage
- Entrepreneurial succession and business takeover
- Business acquisition projects
- Business improvement and transformation, including digital transition and sustainable practices
- Business growth and expansion, including new products, exports, and temporary bridge financing
Documents Needed
- Completed and signed application form
- Business plan or detailed project description
- Detailed project costs, financing plan, and financial statements or forecasts
- Proof of financing or partnership, if applicable
- Francization and employment equity declarations, if applicable
Eligibility
Who is eligible?
- For-profit SMEs
- Corporations
- Cooperatives
- Social economy non-profits with market activities
Who is not eligible
- Businesses registered in the public contracts exclusion register (RENA)
- State-owned or government-controlled companies
- Businesses under bankruptcy or creditor protection
- Businesses focused on subcontracting only, or on excluded sectors such as arms, fossil fuels, gambling, violent games, sexual exploitation, real estate development, tobacco, or drugs
- Individuals applying directly outside an entrepreneurial succession project
Eligible expenses
- Additional working capital needed for the project
- Capital costs for technology, land, buildings, equipment, machinery, vehicles, construction, renovation, and site or premises improvements
- Professional fees for feasibility studies, audits, impact studies, and project implementation
- Acquisition costs for shares or assets in a business succession or acquisition
- Professional fees related to the acquisition and ownership-transfer transaction
Ineligible Costs and Activities
- Expenses incurred before the application is submitted
- Debt service, future loan repayments, capital losses, or capital replacement
- Research and development expenses
- Normal operating expenses and Quebec sales taxes
- Pre-start-up projects, direct funding for individuals, and projects limited to subcontracting, arms, fossil fuels, gambling, violent games, sexual exploitation, real estate development, or tobacco and drug-related activities
Eligible geographic areas
- MRC de Minganie
Processing and Agreement
- Applications are reviewed continuously once all required information and documents have been received.
- The MRC handles eligibility review, analysis, and the funding decision.
- Files must be complete before processing can begin.
- The review considers fair treatment between businesses, available funding, and compliance with the policy.
Additional information
- The MRC of Minganie provides support, advice, and technical assistance to promoters.
- The program is managed under a common FLI-FLS investment policy adopted on September 26, 2023.
- Applicants are encouraged to consult the investment policy before submitting a request.
Contacts
Frequently Asked Questions about the MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) Program
Here are answers to the most common questions about the MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS). 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 Minganie — Local Investment and Solidarity Funds (FLI-FLS)?
This program provides local financing and technical support to SMEs in Minganie. It supports start-up, expansion, acquisition, consolidation, improvement, transformation, and entrepreneurial succession, with financing up to $150,000 through the FLI and $100,000 through the FLS.
How much funding can be received?
MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) Funds up to 50% of admissible expenses, capped at $250,000 per project.
Who is eligible for the MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) program?
To be eligible for the MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) program, you must:
Legally constituted business
Main activity in MRC de Minganie
Registered with the REQ
What expenses are eligible under MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS)?
Business start-up at the commercialization stage
Entrepreneurial succession and business takeover
Business acquisition projects
Business improvement and transformation, including digital transition and sustainable practices
Business growth and expansion, including new products, exports, and temporary bridge financing
Who can I contact for more information about the MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS)?
You can contact MRC de Minganie by email at info.de@mrcminganie.com or by phone at 418 538-2732 poste 1208.
Where is the MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) available?
The MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) program is available Côte-Nord, Quebec.
Is the MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) a grant, loan, or tax credit?
MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) is a Other Support