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

Record updated:

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

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

Sources and recorded changes

Record updated

A captured source change or record update does not confirm eligibility. Check the funder’s current rules before applying.

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)?

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

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 Loans and Capital investments