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MRC Sept-Rivières — Local funds (FLI/FLS) - Quebec - Canada
Open
Source verified June 9, 2026

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

Financing for business development projects
Offered by
MRC de Sept-Rivières
Funding available
$ 250,000
Deadline
Open continuously
Location
Côte-Nord, Quebec, Canada
Who can apply

For-profit businesses

See full eligibility

Overview

This program provides up to $250,000 in financing for businesses in the MRC de Sept-Rivières. It supports startup, expansion, improvement, acquisition, succession, and temporary financing projects.
/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
  • Develop a new product or service
Eligible Funding
  • Maximum amount : 250,000 $
Funds Providers

Eligible candidates

Eligible Industries
  • All industries
Location
  • Sept-Rivières
  • Côte-Nord
  • Quebec
Legal structures
  • Non-profit
  • Public or Parapublic institution
  • Non-financial cooperative
  • Social economy enterprise
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Startups
Non-profit candidates
Sector of operation
  • Research
  • Environment
  • Economic, Social and Community Development
  • Employment and Training
  • Business Associations
  • Not Elsewhere Classified
Target groups
  • Rural / Remote communities
  • Business owners / entrepreneurs
  • Nonprofits / charities
Revenue structures
  • Mixed revenue (50%+ earned)
Scope
  • Regional

Next Steps

1
Determine your project
2
Validate your eligibility

Availability timeline

2026
Periods: 1

Activities funded

  • Startup of a business
  • Business improvement and transformation
  • Growth and expansion
  • Business succession and acquisition
  • Temporary bridge financing under FLS

Documents Needed

  • 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

Eligibility

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

Selection criteria

  • 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

How to apply

  • 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.

Processing and Agreement

  • 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.

Additional information

  • 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.
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Other components of this program

Explore related funding streams and grants that belong to the same program.

Frequently Asked Questions about the MRC Sept-Rivières — Local funds (FLI/FLS) Program

What is the MRC Sept-Rivières — Local funds (FLI/FLS)?

This program provides up to $250,000 in financing for businesses in the MRC de Sept-Rivières. It supports startup, expansion, improvement, acquisition, succession, and temporary financing projects.

How much funding can be received?

MRC Sept-Rivières — Local funds (FLI/FLS) Funds up to $250,000 of admissible expenses.

What is the deadline to apply?

The program is accepting continuous intake

Who is eligible for the MRC Sept-Rivières — Local funds (FLI/FLS) program?

To be eligible for the MRC Sept-Rivières — Local funds (FLI/FLS) program, you must: Legally incorporated business Operates in the MRC territory Registered in Quebec

What expenses are eligible under MRC Sept-Rivières — Local funds (FLI/FLS)?

Startup of a business Business improvement and transformation Growth and expansion Business succession and acquisition Temporary bridge financing under FLS

Where is the MRC Sept-Rivières — Local funds (FLI/FLS) available?

The MRC Sept-Rivières — Local funds (FLI/FLS) program is available Côte-Nord, Quebec.

Is the MRC Sept-Rivières — Local funds (FLI/FLS) a grant, loan, or tax credit?

MRC Sept-Rivières — Local funds (FLI/FLS) is a Other Support