MRC La Nouvelle-Beauce — Local investment and solidarity funds (FLI and FLS)
Last Update: January 25, 2025
QC, Canada
Support for job creation and business growth in Nouvelle-Beauce
MRC La Nouvelle-Beauce — Local investment and solidarity funds (FLI and FLS) at a glance
Eligible Funding
- From 10,000 to 250,000
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Arts, entertainment and recreation
- Accommodation and food services
Grant Providers
- MRC de La Nouvelle-Beauce
Status
Open
Overview of the MRC La Nouvelle-Beauce — Local investment and solidarity funds (FLI and FLS) program
The Fonds locaux d'investissement et de solidarité aims to create and maintain jobs by supporting the start-up, expansion, and ownership transfer of businesses located in the MRC of La Nouvelle-Beauce. The program offers financing in the form of loans up to $250,000 for eligible activities, including capital expenditures, technology acquisition, and working capital.
Financing terms and conditions
The MRC La Nouvelle-Beauce offers financial support through loans aimed at fostering business development and job creation. The structured financing modalities are designed to cater to the needs of qualifying projects within their economic framework.
- Loans range from $10,000 to $250,000.
- The amortization period for these loans can extend up to seven years.
- Loans are aimed at covering capital expenses, technology acquisition, and working capital.
Eligible projects & activities
This grant supports projects that aim to stimulate business growth and sustainability within the MRC de La Nouvelle-Beauce region. Eligible activities encompass various stages of business development, emphasizing viable and profitable initiatives that help maintain or create permanent jobs.
- Projects for starting new businesses within the region.
- Expansion projects for existing businesses to increase operational capacities.
- Business succession or property transfer initiatives.
Eligibility criteria of the MRC La Nouvelle-Beauce — Local investment and solidarity funds (FLI and FLS) program
Eligibility for the Fonds locaux d’investissement et de solidarité grant is determined by specific criteria related to the business's location, type, and viability.
- The company must be a start-up, expanding business, or undergoing a business succession.
- The main activity of the business must be located within the MRC de La Nouvelle-Beauce territory.
- The company must operate in the primary, secondary (manufacturing), or key tertiary sectors, including tourism.
- The project must be viable, profitable, and contribute to creating or maintaining permanent jobs.
- The promoter must demonstrate relevant knowledge and experience in the chosen activity sector as well as management skills.
- The project must include a financial contribution from the promoter.
Eligible expenses
The grant covers specific expenses necessary for the development and operation of the business project.
- Capital expenses such as land, building, equipment, and machinery.
- Acquisition of technology including software, software packages, and patents.
- Working capital funds to support business operations.
Eligible geographic areas
This grant is available to companies situated within specific regions as mandated by the local economic development authority. Eligible geographical locations have been identified to support the economic growth of these regions.
- Businesses located on the territory of the MRC de La Nouvelle-Beauce.
How to apply to the MRC La Nouvelle-Beauce — Local investment and solidarity funds (FLI and FLS) program
1
Preliminary registration
- Contact Jérôme Leclerc or Erica Couture, the business advisors, for details on the application process.
- Check that your business meets the eligibility criteria (startup, expansion, succession, located in the MRC of La Nouvelle-Beauce).
2
Preparation of the application
- Develop a project proposal including feasibility, profitability, and the potential for job creation or preservation.
- Prepare the required financial documents, including the forecast balance sheet and financial plan.
- Ensure you have documentation on the funding and anticipated expenses.
3
Submission of the application
Send your request by email or postal mail to the mentioned advisors, following the submission guidelines provided by them.
4
Follow-up on the request
Additional information
Here are additional relevant details for this grant:
- Financing is provided in the form of a loan with amounts ranging from $10,000 to $250,000.
- The loan can be amortized over a period of up to seven years.
- It is important to demonstrate relevant knowledge and experience in the chosen field of activity, along with management skills.
- A financial contribution is required from the project promoter.
- Contact information is provided for business advisors for inquiries.