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MRC Rivière-du-Loup — Succession Fund
Financial support for business succession projects
Last Update: April 9, 2026
Funding available
$ 15,000
Timeline
- Open Date : September 1, 2023
- Closing date : December 31, 2023
Location
Riviere-du-Loup, Bas-Saint-Laurent, Quebec, Canada
Overview
This program provides non-repayable financial support for business succession in the MRC de Rivière-du-Loup. It supports transfer of company ownership and direction, with funding of up to 5% of project costs or $15,000, and must be combined with other CLD financing.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
Eligible Funding
- Maximum amount : 15,000 $
- Up to 5% of project cost
Timeline
- Open Date : September 1, 2023
- Closing date : December 31, 2023
Eligible candidates
Eligible Industries
- All industries
Location
- Rivière-du-Loup
- Riviere-du-Loup
- Bas-Saint-Laurent
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business succession projects involving the transfer of ownership and management of an existing company.
Eligibility
Who is eligible?
- Business buyers and project promoters undertaking a succession transfer.
Eligible geographic areas
- MRC de Rivière-du-Loup
How to apply
1
Consultation of the Investment Policy
- Visit the CLD website at the given address to access the Investment Policy of the Relève Fund.
- Review the specific conditions and eligibility criteria.
2
Initial contact
- Contact an advisor from the CLD to discuss the project and check eligibility.
- Obtain advice on the required formulations and necessary procedures.
3
Preparation of the request
- Prepare a request file containing the details of the business takeover project.
- Include financial information and any other required supporting documents.
4
Joint application for FLI Relief loans and regular FLI/FLS loans
At the same time, prepare the requests for the two other forms of aid: interest-free FLI Relève loans and regular FLI/FLS.
5
Submission of the application
- Submit the complete application to the CLD of Rivière-du-Loup at the provided address or through another channel indicated by the advisor.
- Ensure that all required forms and documents are included and correctly filled out.
Additional information
- The program provides additional capitalization to support business succession.
- It acts as financial leverage with other creditors.
- More information is available in the Fund’s investment policy on the CLD Rivière-du-Loup website.
Contacts
Frequently Asked Questions about the MRC Rivière-du-Loup — Succession Fund Program
What is the MRC Rivière-du-Loup — Succession Fund?
This program provides non-repayable financial support for business succession in the MRC de Rivière-du-Loup. It supports transfer of company ownership and direction, with funding of up to 5% of project costs or $15,000, and must be combined with other CLD financing.
How much funding can be received?
MRC Rivière-du-Loup — Succession Fund Funds up to 5% of admissible expenses, capped at $15,000 per project.
What is the deadline to apply?
The application deadline for this grant program was December 31, 2023.
Who is eligible for the MRC Rivière-du-Loup — Succession Fund program?
To be eligible for the MRC Rivière-du-Loup — Succession Fund program, you must:
Business succession project.
At least 25% ownership acquisition.
Project located in MRC de Rivière-du-Loup.
What expenses are eligible under MRC Rivière-du-Loup — Succession Fund?
Business succession projects involving the transfer of ownership and management of an existing company.
Who can I contact for more information about the MRC Rivière-du-Loup — Succession Fund?
You can contact MRC Rivière-du-Loup (MRC) by email at infos@cldrdl.com or by phone at 418 862-1823.
Where is the MRC Rivière-du-Loup — Succession Fund available?
The MRC Rivière-du-Loup — Succession Fund program is available Bas-Saint-Laurent, Quebec.