Open
MRC Rimouski-Neigette — Local Investment Fund
Financing for business growth and succession
Last Update: April 10, 2026
Funding available
$ 10,000 - $ 150,000
Timeline
- Open Date : July 5, 2023
Location
Rimouski, Bas-Saint-Laurent, Quebec, Canada
Overview
Funding can reach up to 150,000 CAD through the FLI, while FLS financing may reach 100,000 CAD per business group. It supports business start-up, improvement, expansion, 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
- Increase operational productivity
Eligible Funding
- Maximum amount : 150,000 $
- Minimum amount : 10,000 $
- Up to 50% of project cost
Timeline
- Open Date : July 5, 2023
Eligible candidates
Eligible Industries
- Manufacturing
- Retail trade
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
Location
- Rimouski-Neigette
- Rimouski
- Bas-Saint-Laurent
- Quebec
Legal structures
- For-profit business
- Social economy enterprise
- Non-profit
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Non-profit candidates
Sector of operation
- Economic, Social and Community Development
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
Activities funded
- Business start-up projects
- Business improvement and transformation projects
- Business growth and expansion projects
- Business acquisition projects
- Entrepreneurial succession projects and temporary bridge financing
Documents Needed
- Completed, dated and signed application form
- Business plan or detailed project description
- Detailed project expense breakdown
- Project financing plan and confirmation of other funding
- Financial statements and forecasts
Eligibility
Who is eligible?
- For-profit businesses
- Cooperatives
- Non-profit organizations with economic activities
- Small and medium-sized businesses
Who is not eligible
- Businesses listed in the RENA registry
- Publicly controlled companies or state-owned enterprises
- Businesses under bankruptcy or insolvency protection
- Companies involved in weapons, fossil fuels, gambling, violent games, sexual exploitation, real estate development, tobacco or drug-related activities
Eligible expenses
- Working capital needed for the project
- Equipment, machinery, technology, and vehicle purchases
- Construction, renovation, expansion, and site or premises fitting
- Professional fees related to feasibility, audits, impact studies, implementation, acquisition, or transfer
- Purchase of shares, parts, or assets for business succession
Ineligible Costs and Activities
- Costs incurred before the application is filed
- Debt service, future loan repayments, and capital replacement
- Research and development expenses
- Normal operating expenses and Quebec sales taxes
- Projects involving pre-startup, loan guarantees under FLS, or subprime sectors such as weapons, fossil fuels, gambling, violent games, sexual exploitation, or real estate development
Eligible geographic areas
- MRC of Rimouski-Neigette
- Businesses with head office in Quebec
Processing and Agreement
- Applications are reviewed, analyzed, and decided by SOPER.
- Files are processed continuously once the required information and documents are provided.
- Assessment is done while considering fairness, budget availability, and the program rules.
- If approved, financing is governed by a loan contract and the applicable terms.
- Non-compliance can lead to recovery procedures.
Additional information
- The SOPER manages the review and decision process.
- Applications are processed on an ongoing basis as files are completed.
- The policy took effect on July 5, 2023.
- Modified versions must respect MEIE and Fonds locaux de solidarité FTQ frameworks.
Other components of this program
Explore related funding streams and grants that belong to the same program.
- Développement Vaudreuil-Soulanges — FLI-FLSFunding for business projects in Vaudreuil-Soulanges
- MRC Abitibi — Local Investment Fund (FLI)Local financing for business growth and succession
- MRC Arthabaska - Local Investment Fund (FLI)Term financing for business growth
- MRC Beaharnois-Salaberry — Local Investment Fund (FLI)Support for business development and job creation in Beauharnois-Salaberry
- MRC Beauce-Centre — Local Investment Funds (FLI-FLS)Local financing for business growth in Beauce-Centre
- MRC Bécancour - Local Investment Fund (FLI) - “General” componentTerm financing for business growth and acquisitions
- MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” componentFinancing for business acquisition projects
- MRC Bécancour — Local Investment Fund (FLI) - “Developing business” componentFinancing for manufacturing development projects
- MRC Bécancour — Local investment fund (FLI) - “new business” componentFinancing for new manufacturing businesses
- MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève)Interest-free succession financing for businesses
Frequently Asked Questions about the MRC Rimouski-Neigette — Local Investment Fund Program
What is the MRC Rimouski-Neigette — Local Investment Fund?
Funding can reach up to 150,000 CAD through the FLI, while FLS financing may reach 100,000 CAD per business group. It supports business start-up, improvement, expansion, acquisition, succession, and temporary financing projects.
How much funding can be received?
MRC Rimouski-Neigette — Local Investment Fund Funds up to 50% of admissible expenses, capped at $150,000 per project.
Who is eligible for the MRC Rimouski-Neigette — Local Investment Fund program?
To be eligible for the MRC Rimouski-Neigette — Local Investment Fund program, you must:
Legally incorporated business
Operating in the MRC territory
Head office in Quebec
What expenses are eligible under MRC Rimouski-Neigette — Local Investment Fund?
Business start-up projects
Business improvement and transformation projects
Business growth and expansion projects
Business acquisition projects
Entrepreneurial succession projects and temporary bridge financing
Where is the MRC Rimouski-Neigette — Local Investment Fund available?
The MRC Rimouski-Neigette — Local Investment Fund program is available Bas-Saint-Laurent, Quebec.
Is the MRC Rimouski-Neigette — Local Investment Fund a grant, loan, or tax credit?
MRC Rimouski-Neigette — Local Investment Fund is a Expert Advice
Who are the financial supporters of the MRC Rimouski-Neigette — Local Investment Fund?
MRC Rimouski-Neigette — Local Investment Fund is funded by MRC Rimouski-Neigette