MRC Sept-Rivières — Local funds (FLI/FLS)

• Completed and signed financial assistance application form
• Business plan or detailed project description
• Detailed breakdown of project expenses
• Financial package and confirmation of other financing
• Financial statements, forecasts, and required compliance declarations

Who is eligible?

• For-profit businesses
• Cooperatives with commercial activities
• Non-profit organizations carrying out social economy activities

Who is not eligible

• Businesses registered in the Register of Enterprises Ineligible for Public Contracts (RENA)
• Publicly owned or government-controlled entities
• Businesses under insolvency or bankruptcy protection
• Companies operating in arms, fossil fuels, gambling, violent games, sex-related activities, or real estate development
• Businesses involved in tobacco or drug sales and services, subject to limited FLI exceptions for certain cannabis and industrial hemp activities

Eligible expenses

• Working capital needed for the project
• Technology, equipment, machinery, land, buildings, and rolling stock
• Construction, expansion, renovation, and site or premises development
• Professional fees such as feasibility studies, external audits, impact studies, and transaction costs
• Acquisition of business shares or assets for succession projects

Ineligible Costs and Activities

• Costs incurred before the application is filed
• Debt service, future loan repayments, and capital replacement
• Transactions between related businesses or partners
• Research and development expenses
• Normal operating expenses and Quebec sales taxes

Eligible geographic areas

• MRC de Sept-Rivières
• Quebec

• Economic viability and repayment capacity
• Experience and management skills of the promoters
• Environmental and social benefits
• Workplace relations and openness toward employees
• Participation of other financial partners

• Step 1
  • Prepare the application form, business plan or project description, budget breakdown, financing package, and financial statements.
• Step 2
  • Include required compliance declarations and any other documents requested by the MRC.
• Step 3
  • Submit the complete file to the MRC for review.
• Step 4
  • Wait for the admissibility review, analysis, and decision made by the MRC.

• Applications are reviewed, analyzed, and decided by the MRC.
• Files are processed continuously once all required information and documents are received.
• Assessment is based on fair treatment, budget availability, and compliance with the policy.
• Loan terms are set in a single contract combining FLI and FLS where applicable.
• Recovery actions may be taken if borrower obligations are not met.

• No application or follow-up fees are charged.
• The MRC may request a waiver from the investment framework in exceptional cases.
• Interest not paid at maturity accrues at the same rate as the loan.
• Prepayment is allowed at any time under the loan agreement.