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MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS)

Local financing for SME start-up and expansion

Offered by
MRC de Minganie

Record updated

Funding available
$ 250,000
Up to 50% of project cost
Deadline
Open continuously
Location
Quebec, Canada
Who can apply
For-profit SMEs
See full eligibility

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.

At a glance

Funding available

Maximum funding
$250,000
Maximum share of project costs
50%
Financing goals
  • Increase performance through digital transformation
  • Increase production or service capacity
  • Develop a new product or service
  • Increase operational productivity
  • Complete an acquisition or business transfer
  • Optimize production processes
  • Access new markets
  • Digitize or modernize organizational tools
  • Start a business
  • Launch or market a product/service
  • Renovate or expand facilities
  • Ensure financial sustainability
  • Renovate or adapt facilities

Eligible candidates

Location
  • Minganie
  • Côte-Nord
  • Quebec
Eligible Industries
All industries
Annual revenue
All revenue ranges
Organisation size
All organization sizes
Audience
  • Startups
Legal structures
For-profit business, Social economy enterprise

Start applying for this program

Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.

Availability timeline

2026
Periods: 1

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

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

How to apply

  • Step 1: Review the investment policy
    • Read the FLI-FLS investment policy before applying.
    • Contact the MRC for guidance if needed.
  • Step 2: Complete the application form
    • Fill in the financial assistance request form.
    • Sign and date the form.
  • Step 3: Prepare supporting documents
    • Attach the business plan or detailed project description.
    • Add the project costs, financing plan, financial statements, forecasts, and any required compliance declarations.
  • Step 4: Submit the application
    • Send the file by email, mail, or in person to the MRC.
    • Make sure the application is complete before submission.

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

Selection criteria

  • Economic viability and repayment capacity of the business.
  • Promoters’ knowledge and relevant experience.
  • Environmental and social impact of the project.
  • Quality of labour relations and openness toward workers.
  • Participation of other financial partners and long-term sustainability of the funds.

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

info.de@mrcminganie.com
418 538-2732 poste 1208

Official sources

Application form

Demande d’aide financière Fonds local d’investissement (FLI) Fonds local de solidarité (FLS)
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Frequently Asked Questions about the MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS) Program

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.

What is the deadline to apply?

The program is accepting continuous intake

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)?

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

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.