MRC Rivière-du-Loup — Business Succession
grant_single|update May 13, 2025
QC, Canada
Support for business acquisition in Quebec regions
grant_single_labels_website|summary
grant_single|eligibleFinancing
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- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
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- MRC Rivière-du-Loup
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grant_card_status|open
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The MRC Rivière-du-Loup — Business Succession program provides up to $15,000 to entrepreneurs benefiting from a Local Investment Fund (FLI) loan to support the acquisition or transfer of businesses in Quebec. Eligible expenses include due diligence, the preparation of business transfer agreements, and professional fees for specialists such as accountants, lawyers, and HR experts.
grant_single_labels_website|terms_and_conditions
- Financial assistance covers up to 50% of eligible project costs.
- Maximum funding amount is $15,000 per beneficiary, excluding taxes.
- Expenses incurred prior to the application submission date are not eligible for reimbursement.
grant_single_labels_website|projects
- Acquisition or transfer of a legally constituted business in Quebec.
- Business succession projects facilitated by entrepreneurs obtaining a loan from a Local Investment Fund (FLI).
- Projects where entrepreneurs collaborate with professionals to ensure business transfer or succession.
grant_single_labels_website|admissibility
- The applicant must be an entrepreneur who has obtained financing from a Local Investment Fund (FLI) from an MRC or a municipality exercising MRC powers.
- The project must involve acquiring a business legally constituted under the laws of Quebec or Canada, with a location in Quebec.
- If the applicant is not incorporated, they must be a Canadian citizen or permanent resident.
- The professional engaged for business verifications must have relevant expertise in business succession projects.
grant_eligibility_criteria|who_can_apply
- Entrepreneurs seeking to acquire a legally constituted business in Quebec
- Family members succeeding an existing business
- Employees acquiring a business from current owners
- External buyers, including groups involved in collective succession
grant_eligibility_criteria|who_cannot_apply
- Projects receiving similar public funding from other sources for the same initiative (no double funding for the same project).
- Businesses not legally constituted under Quebec or Canadian law.
- Applicants who engaged professional services or incurred eligible expenses prior to submitting the grant application.
grant_eligibility_criteria|eligible_expenses
- Professional fees for specialists such as accountants, lawyers, notaries, and human resources experts involved in business succession projects.
- Costs for conducting due diligence to determine the fair market value of a business.
- Expenses for preparing a business succession agreement (transfer agreement).
grant_eligibility_criteria|zone
- Businesses located in the territory of a regional county municipality (MRC) or a municipality exercising the powers of an MRC within Quebec.
grant_single_labels_website|criteria
- The acquired company must be legally constituted under the laws of Quebec or Canada and have an establishment in Quebec.
- If the successor is not incorporated, they must be a Canadian citizen or permanent resident.
- The successor must be connected to a project that has received FLI funding from the MRC or a municipality exercising MRC powers. Projects already benefiting from similar public funding will not be eligible for duplicate aid.
- The professional providing business verification services must have specific expertise relevant to business succession projects.
grant_single_labels_website|apply
1
Confirm business acquisition eligibility
- Ensure you have or are seeking financing from a Local Investment Fund (FLI) of an MRC or a municipality with MRC powers
- Confirm your intention to acquire a legally constituted business in Quebec
2
Verify selection criteria compliance
- Check that you meet selection criteria, such as citizenship or permanent residency and link to FLI financing
- Ensure public funding is not being cumulated for the same project
- Verify that the professional involved has relevant expertise for business succession
3
Prepare application materials
- Gather supporting documentation, such as proof of FLI financing, business constitution documents, and any required professional credentials
- Prepare to submit the funding application form before incurring eligible expenses
4
Submit application to MRC
- Submit the completed application form and all required documentation to the appropriate MRC or municipal office
5
Await funding decision
- Wait for confirmation or a response regarding the approval or refusal of your funding application
grant_single_labels_website|otherInfo
- The program is a new tool provided by the Fédération québécoise des municipalités to encourage entrepreneurial succession within its territories.
- Only expenses incurred after submitting the financial aid application form are considered eligible.