MRC Rivière-du-Loup — FLI/FLS Fund and FLI Succession Fund
Rivière-du-Loup, QC, Canada
Investment loans fostering entrepreneurship in Rivière-du-Loup
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC Rivière-du-Loup
grant_single|status
grant_card_status|open
grant_single_labels|projects
This funding supports various entrepreneurial projects that positively impact the economic development of the Rivière-du-Loup region. It focuses on enabling business sustainability, growth, and job creation through financial support.
- Start-up projects.
- Business improvement initiatives.
- Business transformation and growth undertakings.
- Business expansion efforts.
- Succession planning and business acquisition projects.
- Employment development activities.
- Economic development initiatives within the MRC de Rivière-du-Loup.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's business activities and location.
- The business must be located within the territory of the MRC de Rivière-du-Loup.
- The applicant must be seeking to create, support, or develop a viable business.
- The project should involve start-up, improvement, transformation, growth, expansion, business succession, or acquisition activities.
- The business should contribute to the economic development of the MRC de Rivière-du-Loup.
- The project should support employment development.
grant_eligibility_criteria|who_can_apply
The Prêt FLI/FLS programs, including the FLI Relève, are targeted towards businesses in the territory of the MRC de Rivière-du-Loup that are focused on creating and sustaining viable enterprises. This includes financing projects for starting, improving, transforming, growing, expanding, succeeding in transfers, and acquiring businesses, as well as supporting job development and contributing to the economic growth of the region.
grant_eligibility_criteria|zone
This grant is specifically available to companies located within a defined geographical area as determined by the funding body. Eligible locations focus on fostering economic development in the region.
- Companies operating within the territory of the MRC de Rivière-du-Loup.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Research and Understand the Grant Requirements
- Consult the Politique d’investissement commune on the website www.cldriviereduloup.com to understand detailed requirements.
- Ensure alignment with the objectives of creating viable businesses, developing employment, and contributing to economic development in the MRC of Rivière-du-Loup.
- Step 2: Preparation of Application Materials
- Compile necessary documents, including business plans, financial statements, and professional references, if needed.
- Prepare a detailed proposal outlining the investment project, including objectives, timelines, and projected financial outcomes.
- Step 3: Contact a CLD Advisor
- Reach out to a conseiller (advisor) at the local development center (CLD) for guidance and to discuss the application process.
- Use contact details: 418 862-1823 or infos@cldrdl.com.
- Visit the CLD office at 310, Saint-Pierre, local RC-01, Rivière-du-Loup, Québec, G5R 3V3 for a personal advisory session.
- Step 4: Submit the Application
- Work with the CLD advisor to ensure your application is complete and meets all criteria.
- Submit the application as instructed by the advisor, which may include electronic or physical submission.
- Step 5: Await Confirmation and Follow Up
- After submission, await confirmation of receipt from the CLD office.
- Maintain contact with your advisor for updates on the status of your application and any further requirements.
grant_single_labels|contact
infos@cldrdl.com
418
Apply to this program
Empowering Local Entrepreneurship with FLI/FLS Loans
The Prêt FLI/FLS program offers financial assistance tailored to businesses in the Rivière-du-Loup area, designed to foster entrepreneurial spirit and economic development. Companies can benefit from interest-free loans and additional regular loans to support their growth and investment projects.
Understanding the Scope and Benefits of FLI/FLS Loans
The Prêt FLI/FLS program is a strategic initiative aimed at bolstering the local economy of the MRC de Rivière-du-Loup through accessible financial support tailored to the needs of regional businesses. The program is managed by the Fonds Local d’Investissement and the Fonds Local de Solidarité, colloquially known as FLI/FLS, which are dedicated to promoting investments that contribute to the sustainable growth of the local business landscape.
With the backing of these funds, entrepreneurs in Rivière-du-Loup have a unique opportunity to secure up to $250,000 in financing. This flexible loan package offers a variable interest rate that aligns with the base rate plus a risk premium ranging from 1% to 6%, making it a financially viable option for a range of projects. Additionally, the program offers an interest-free loan of up to $30,000, which must be combined with an equivalent or larger regular FLI/FLS loan, offering an attractive financial structure for burgeoning enterprises.
One of the distinguishing features of the Prêt FLI/FLS is the potential for a deferral on capital repayments for up to 36 months. This grace period allows businesses to stabilize and grow without the immediate pressure of loan repayment, thereby supporting long-term planning and stability. This consideration is particularly beneficial for startups and businesses undergoing phases of transformation or expansion.
The overall aim of these loans is to encourage the creation of viable businesses and foster an entrepreneurial ecosystem that supports not only the development of new ventures but also the expansion, acquisition, and succession planning of existing enterprises. By doing so, the FLI/FLS reinforces job creation and retention, increases business competitiveness, and facilitates economic dynamism within the community.
Furthermore, the FLI/FLS initiative aligns with broader strategic goals by ensuring resource allocation supports projects that demonstrate potential for significant local economic impact. The financial backing is not just about providing capital, but also about inspiring confidence among business owners, leveraging local expertise, and building partnerships with economic stakeholders within the region.
Entrepreneurs looking to apply for the Prêt FLI/FLS are encouraged to contact the local development center (CLD) in Rivière-du-Loup for consultation and support throughout the application process. The CLD offers invaluable guidance and resources, ensuring applicants can align their proposals with the funding criteria and maximize their chances of success.
Ultimately, the Prêt FLI/FLS represents more than just financial assistance—it embodies a commitment to fostering innovation, resilience, and sustainable growth within the MRC de Rivière-du-Loup. By investing in its local entrepreneurs, the region stands to benefit from heightened economic activity, increased job opportunities, and a vibrant, sustainable business environment.
