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MRC Les Moulins — FLI/FLS
QC, Canada
Investment fund supporting business startup and expansion phases
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Manufacturing
- Wholesale trade
- Retail trade
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
- Accommodation and food services
grant_single|grantors
- MRC Les Moulins
grant_single|status
grant_card_status|open
grant_single_labels|preview
The MRC Les Moulins — FLI/FLS program offers a maximum funding of $150,000, designed to support startups, business expansions, and entrepreneurial succession through loans. Eligible activities include commercialisation, productivity improvement, and digital transformation projects.
grant_single_labels|terms_and_conditions
- Financial support is provided primarily in the form of term loans.
- The loans can be secured (with collateral) or unsecured, and may include conditions such as personal guarantees or life insurance for the promoters.
- Loans may be accompanied by participatory conditions, such as a royalty on net profits or sales growth, or an option to purchase equity shares.
- The repayment schedule can be customized, for instance, reflecting the seasonal nature of the business.
- The maximum repayment period for loans is typically up to 7 years, with some exceptions allowing up to 10 years based on the specifics of the cash flow generated by the project.
- No loans are provided as non-repayable or repayable contributions that are akin to a grant.
- Temporary financing, such as bridge loans, can be provided by the FLS for short-term needs pending confirmed incoming revenue.
- Loans could feature a payment deferral period for capital, interest, or both, with specific maximum durations depending on the project type (e.g., startup projects may defer capital and interest repayment for up to 24 months).
- Flat file opening fees are set at $200, with an annual follow-up fee of 1% on the capital balance of the loan, payable annually on the anniversary of the loan.
grant_single_labels|projects
- Phase de démarrage: soutien pour la commercialisation jusqu’à l’atteinte du seuil de rentabilité pour les jeunes entreprises.
- Relève entrepreneuriale: financement pour l'acquisition d'au moins 25% de la valeur d’une entreprise existante par des nouveaux entrepreneurs.
- Acquisition d’entreprise: appui pour l’achat d’actifs ou actions d’une entreprise par une autre entreprise.
- Amélioration et transformation d’entreprise: soutien pour des projets visant à accroître la productivité ou à transformer l’entreprise, y compris la transformation numérique.
- Croissance et expansion d’entreprise: aide pour la commercialisation de nouveaux produits ou services, projets d'exportation, ou l'implantation de filiales.
- Financement temporaire: prêt à court terme (prêt-pont) en attente d’une source de revenu confirmée.
- Redressement d’entreprise: aide pour les entreprises en difficulté pour élaborer et mettre en œuvre un plan de redressement.
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
- Legally constituted for-profit enterprises under the laws of the Quebec or Canadian government.
- Collective enterprises such as cooperatives and non-profit organizations (NPOs) involved in commercial activities.
- Enterprises operating on the territory of MRC Les Moulins with a registered head office in Quebec.
- Enterprises active in prioritized sectors such as manufacturing, distribution, technology, business services, tourism, and agri-food.
- Businesses involved in circular economy activities with commercial operations.
- Construction sector companies with regular employees.
- Retail businesses like pharmacies and grocery stores, subject to investment criteria.
- Innovative projects from other sectors with outreach beyond MRC Les Moulins or addressing specific local issues.
grant_eligibility_criteria|who_cannot_apply
- Entities listed in the Registre des entreprises non admissibles aux contrats publics (RENA), including their subcontractors registered in RENA.
- Organizations that have failed to meet financial obligations in the two years preceding the financial aid application.
- State-run corporations or those directly or indirectly controlled by a government (municipal, provincial, or federal), or companies majority-owned by such corporations.
- Businesses under the protection of the Companies' Creditors Arrangement Act or the Bankruptcy and Insolvency Act.
- Entities with unethical behavior potentially affecting government or municipal integrity.
- Companies with environmentally irresponsible behavior according to applicable legislation.
- Businesses with a history of non-compliance with labor standards or human rights legislation.
- Enterprises involved in the production or distribution of arms.
- Fossil fuel sector businesses, except those involved in the transition to a low-carbon economy.
- Gambling operations, such as casinos, bingo halls, or video lottery.
- Entities in violent gaming, combat sports involving any living species, races, or similar activities.
- Sexual activity businesses like erotic bars, escort agencies, massage parlors, or swinger clubs, and those producing pornographic material.
- Real estate management and development businesses, except for tenant/resident services development projects.
- Tobacco and drug-related businesses, except for certain cannabis and industrial hemp interventions under specified conditions.
- Licenced pharmaceutical-grade products by Health Canada or their ingredients.
- R&D activities licensed by Health Canada.
- Non-licensed medical products by Health Canada, limited to industrial hemp.
- No financial intervention for recreational cannabis products, unlicensed medical products by Health Canada, or additional cannabis products like foodstuffs or topicals.
grant_eligibility_criteria|eligible_expenses
- The need for additional working capital necessary for a period of up to two years to realize the company's project, based on justified and reasonable expenses.
- Capital expenditures strictly and directly related to the realization of the company's project, such as the acquisition of technology, land, buildings, equipment, machinery, and rolling stock, as well as construction, expansion, renovation, and land and premises development.
- Professional fees prior to the implementation of the company's project, such as feasibility studies, external audits, or impact assessments.
- Professional fees strictly and directly related to the realization of the company's project, such as implementation of technology, equipment, and machinery, as well as the acquisition, construction, renovation, and development of land and premises.
- Acquisition expenses for ownership titles (voting shares or parts) and assets of the targeted company.
- Professional fees strictly and directly linked to the transaction and acquisition of the company, as well as to the transfer of company management.
grant_eligibility_criteria|zone
- Companies operating in the territory of the MRC Les Moulins.
- Businesses with their head office located in Quebec.
grant_single_labels|criteria
- Economic viability of the financed business, ensuring sustainability and repayment capability.
- Qualifications and experience of the promoters, particularly in management and their respective field.
- Environmental and societal impact, focusing on durable business practices.
- Openness towards workers, highlighting fair employment practices and relationship management.
- Involvement of other financial partners, especially institutional contributions and the promoters' own investment.
- Sustainability of the funds, ensuring a balanced and enduring fund portfolio.
grant_single_labels|register
- Step 1: Complete Application Form
- Obtain and fill out the application form from the MRC Les Moulins.
- Step 2: Compile Required Documents
- Include a detailed project plan or business plan.
- Provide a breakdown of project-related expenses.
- Prepare financial statements for the past three years.
- Include interim financial statements if applicable.
- Provide forecasted financial statements.
- Submit any declarations regarding language and employment equity compliance, if applicable.
- Attach any additional documents requested by MRC Les Moulins.
- Step 3: Submit Application
- Submit the completed application form and all accompanying documents to MRC Les Moulins.
grant_single_labels|otherInfo
- The policy of investment allows for the involvement of both the Fonds local d’investissement (FLI) and the Fonds local de solidarité (FLS), each with specific conditions.
- A moratorium on repayment may be available, allowing businesses to delay capital and interest payments for a determined period based on the type of project.
- The maximum duration for any financing, including moratoriums, cannot exceed June 1, 2032, for the FLI.
- A single loan contract will be utilized for both FLI and FLS contributions, outlining the total grant amount and weighted interest rate.
- Repayment can be made in full or partially at any time without penalties.
- The cumulative government aid cannot exceed 50% of the project cost, except for social economy enterprises where it can reach 80%.
- Investments are primarily in the form of term loans; the FLI can also invest via bonds or other debt instruments.
- Processing fees include a non-refundable application fee of $200 and an annual monitoring fee of 1% of the loan's principal balance.
- Financial projections and a business plan must be submitted as part of the application process.
- Prorated repayment applies if early repayment is made.
grant_single_labels|contact
info@mrclesmoulins.ca
