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RCM de la Vallée-Du-Richelieu — Local investment funds (FLI)
Last Update: March 3, 2026
Quebec, Canada
Business financing for startups, growth, and succession in Vallée-Du-Richelieu
Loans and Capital investments
Overview
The RCM de la Vallée-Du-Richelieu Local Investment Funds (FLI) provides loans to legally constituted businesses and collective enterprises in Quebec to support business startup, growth, transformation, or entrepreneurial succession projects. Eligible activities include working capital needs, acquisition of equipment or property, expansion, renovations, and related professional fees; maximum funding amounts are determined based on the project's needs and justification.
At a glance
Funding available
Financing goals
- Integrate new technologies
- Buying or selling a company
- Renovate your business/factory
Eligible Funding
- Up to 25% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Montérégie
- Quebec
Legal structures
- Financial cooperative
- Non-profit
- For-profit business
- Non-financial cooperative
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Non-profit candidates
Sector of operation
- All industries
Target groups
- All the groups
Revenue structures
- All structures
Scope
- All dimensions
Activities funded
- Launching new business ventures in the start-up phase.
- Implementing projects to improve or transform existing businesses.
- Expanding and growing business operations.
- Acquiring an existing business as part of a succession or business transfer approach.
Examples of admissible projects:
$ 79,000
Renovating a co-working space to add digital conferencing tools
$ 115,000
Opening an eco-friendly bakery with specialized baking equipment
$ 165,000
Succession project acquiring local hardware store and upgrading systems
Eligibility
- The applicant must be a legally incorporated for-profit business, cooperative, or non-profit organization with commercial activities, established under Quebec or Canadian law.
- The organization must operate its business in Quebec and be legally constituted to do so.
- The applicant must not be listed in the Register of Enterprises Ineligible for Public Contracts (RENA).
- Applicants must have fulfilled all previous financial aid obligations with the Quebec government or regional county municipality (MRC) for at least the past two years.
- The applicant must not be a government-controlled entity, state corporation, or majority-owned subsidiary of such organizations.
- The company must not be bankrupt, insolvent, or involved in unethical conduct that could damage the integrity or reputation of the Quebec government.
- The project must be eligible under the MRCVR investment policy.
Who is eligible?
- For-profit companies legally constituted in Quebec or Canada.
- Collective enterprises such as cooperatives and non-profit organizations (NPOs) engaged in commercial activities.
- Agricultural enterprises with their head office and activities in the territory of the MRC de la Vallée-du-Richelieu.
- Social economy enterprises located in the territory of MRCVR.
- Young entrepreneurs aged 18 to 39 wishing to start or develop a business.
Who is not eligible
- Businesses listed in the Register of Enterprises Ineligible for Public Contracts (RENA).
- State-owned companies or businesses directly or indirectly controlled by a government (municipal, provincial, or federal), municipal entity, or enterprises majority-owned by a state corporation.
- Companies in bankruptcy or insolvency.
- Organizations or businesses with ethical violations or that offer products or services likely to harm the integrity or reputation of the Quebec government.
Eligible expenses
- Additional working capital needs, justified and reasonable, required for project completion (for up to two years).
- Capital expenditures directly related to project realization, including acquisition of technology, land, buildings, equipment, machinery, and vehicles, as well as expenses for construction, expansion, renovation, and improvement of premises or land.
- Professional fees for preliminary project activities, such as feasibility analysis, external audit, or impact study.
- Professional fees directly related to the implementation of the project, including integration of technology, equipment, and machinery, as well as acquisition, construction, renovation, or layout of land and premises.
- Acquisition costs for company ownership titles (voting shares or units) and assets as part of a business succession.
- Professional fees directly tied to the transaction, acquisition, and management transition during business succession.
Eligible geographic areas
- Organizations legally constituted to operate in Quebec.
- Businesses within the territory of the Vallée-du-Richelieu Regional County Municipality (MRCVR).
How to apply
1
Verify eligibility criteria
- Determine if your business or project meets the eligibility requirements
- Ensure the organization is legally constituted in Quebec and meets all outlined conditions
- Verify compliance with MRCVR investment policy
2
Consult with advisory team
- Contact the advisory service team for guidance
- Discuss your project to identify appropriate funding sources
- Request relevant documentation and information for your application
3
Prepare application documents
- Prepare your business plan, financial forecasts, and other required documents
- Seek assistance from advisors to review and optimize your application documents
- Ensure all relevant sections are complete, tailored, and accurate
4
Finalize and review application
- Finalize your application package as per advisory guidance
- Double-check for completeness and compliance with grant requirements
- Ensure all required supporting documents are attached
5
Submit application
- Submit your application and documentation to the appropriate MRCVR authority
- Keep confirmation or acknowledgement of submission for your records
Additional information
- The advisory team assists applicants in preparing and reviewing business models, financial structures, and financial forecasts for their funding requests.
- Applicants must not use subcontractors listed in the Register of Enterprises Ineligible for Public Contracts (RENA).
- Prior financial assistance obligations to the Quebec government or the MRC must have been respected in the past two years.
