MRC Rivière-du-Loup — FLI/FLS Fund and FLI Succession Fund
Last Update: May 13, 2025
Rivière-du-Loup, QC
Investment loans fostering entrepreneurship in Rivière-du-Loup
MRC Rivière-du-Loup — FLI/FLS Fund and FLI Succession Fund at a glance
Eligible Funding
- Max. $250,000
- Up to 1% of project cost
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- MRC Rivière-du-Loup
Status
Open
Overview of the MRC Rivière-du-Loup — FLI/FLS Fund and FLI Succession Fund program
The FLI/FLS program offers up to $250,000 per business, aiming to support viable business creation and growth through funding for startup, improvement, transformation, expansion, succession, and acquisition projects in the MRC de Rivière-du-Loup area. The program includes interest-free loans up to $30,000 and promotes economic development and employment.
Financing terms and conditions
The MRC Rivière-du-Loup — FLI/FLS Fund and FLI Succession Fund offer tailored financial instruments to support entrepreneurial projects within its territory. These modalities aim to facilitate access to funding for various types of business initiatives.
- Regular FLI/FLS Loan provides up to $250,000 per business at an interest rate calculated as the base rate plus a risk premium varying between 1% and 6%.
- Interest-free loan up to $30,000 is available, with a mandatory accompanying regular FLI/FLS loan of an equivalent or greater amount.
- A capital repayment moratorium of up to 36 months is possible.
Eligible projects & activities
The eligible projects for this grant are centered around fostering entrepreneurship and economic development within the MRC de Rivière-du-Loup region. These initiatives support both new and existing businesses by offering financial solutions that promote business growth and sustainability.
- Creation and support of viable businesses.
- Financing for startup projects.
- Financing for business improvement and transformation.
- Support for business growth and expansion projects.
- Facilitation of business succession and acquisitions.
- Development of employment opportunities.
- Contribution to the economic development of the MRC de Rivière-du-Loup territory.
Eligibility criteria of the MRC Rivière-du-Loup — FLI/FLS Fund and FLI Succession Fund program
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.
Who is eligible?
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.
Eligible geographic areas
This grant is specifically available for companies operating within the MRC de Rivière-du-Loup region. The localized approach focuses on enhancing the economic growth and entrepreneurial spirit within this area.
- Enterprises located in the MRC de Rivière-du-Loup, Quebec.
How to apply to the MRC Rivière-du-Loup — FLI/FLS Fund and FLI Succession Fund program
1
Consultation of the investment policy
Consult the Joint Investment Policy available on the CLD Rivière-du-Loup website to learn about the details and requirements of the grant.
2
Contact a counselor
- Contact a counselor from the Local Development Centre (CLD) in Rivière-du-Loup for advice and clarifications regarding the application process.
- Use the provided phone number or email address to get in touch.
3
Gathering of the required documents
Prepare and gather all the necessary documents for the application, such as the company's history, the project description, the financial plan, and the forecasts.
4
Completion of the application form
Fill out the application form provided by the CLD or available on their website.
5
Submission of the request
Submit the completed application with all documents to the provided address of the CLD or by email to infos@cldrdl.com.
6
Follow-up on the request
Wait for the confirmation of receipt from the CLD and follow any correspondence regarding the status of your application.
Contact MRC Rivière-du-Loup
infos@cldrdl.com