MRC Lotbinière — Triple F
Laurier-Station, QC, Canada
Financial aid for businesses excluding pre-startup phase
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
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- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC de Lotbinière
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grant_card_status|open
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The grant provides financial and technical assistance through the Fonds locaux d’investissement, offering funding up to $50,000 to support businesses. The program is designed for growth and developmental activities, excluding pre-start-up phases, with a repayment period ranging from 36 to 60 months.
grant_single_labels|projects
Several funding opportunities are available for entrepreneurs at different stages of their business development in the MRC de Lotbinière region. These funding programs aim to support starting, growing, and diversifying businesses through various financial aids.
- Local Investment Fund (Triple F) for businesses that are not in the pre-startup phase, providing up to $50,000 in financial aid with a repayment period of 36 to 60 months.
- Futurpreneur Canada, offering loans up to $60,000 for young entrepreneurs aged 18-39 aimed at starting businesses and receiving mentorship.
- MicroEntreprendre Chaudière-Appalaches, offering loans up to $20,000 and personalized support for entrepreneurs and self-employed workers at the pre-startup, startup, or growth stages.
- Créavenir Desjardins, providing a line of credit up to $15,000 and a grant up to $5,000 for young entrepreneurs aged 18-35 to start new businesses or support enterprises less than 3 years old.
- La Ruche Chaudière-Appalaches, acting as a crowdfunding platform to help project promoters access diverse funding sources for startup projects.
grant_single_labels|admissibility
Eligibility for the "Fonds locaux d’investissement (Triple F)" grant is determined by specific criteria outlined in the investment policy of the MRC de Lotbinière.
- The applicant must be an established business; pre-startup phase businesses are not eligible.
- The applicant must have an account with Desjardins.
- Applicants must provide a business plan.
- Applicants must submit financial forecasts for two years.
- The cost of the project and the structure of the financing must be documented.
grant_eligibility_criteria|who_can_apply
Eligible projects for these funding programs include a range of business stages from startup to growth, with a focus on supporting young entrepreneurs and those unable to access traditional financing avenues. Specific focus is placed on individuals aged 18 to 39 or 35 depending on the program, offering financial support primarily through loans, credit lines, and mentoring.
- Entrepreneurs aged 18 to 39 seeking startup funding and mentorship.
- Businesses or entrepreneurs with a clear business plan and two-year financial forecast.
- Organizations using Desjardins for business banking.
- Young entrepreneurs (18-35 years) who have difficulty securing funding through conventional methods.
- Initiatives with support through crowdfunding platforms for additional financing opportunities.
grant_eligibility_criteria|who_cannot_apply
The grant offered by Les fonds de la MRC de Lotbinière excludes certain companies primarily based on their current business phase. The main restriction is aimed at ensuring the funds support viable business operations.
- Companies in the pre-startup phase are not eligible for the Fonds locaux d’investissement (Triple F).
grant_eligibility_criteria|zone
This grant is available to companies within specific regions served by the offering bodies. The focus is on providing financial aid to support local business initiatives.
- Companies situated within the MRC de Lotbinière area.
- Businesses located in the Chaudière-Appalaches region.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Review the MRC de Lotbinière's investment policy to ensure your business meets the eligibility criteria.
- Step 2: Prepare Required Documents
- Develop a comprehensive business plan outlining your business strategies and objectives.
- Compile financial forecasts for the next two years to demonstrate financial viability.
- Prepare a detailed cost structure and financing plan for your project.
- Gather any other relevant documents that might support your application.
- Step 3: Establish Banking Relationship
- Ensure you have an active account with Desjardins, as this is a requirement for application.
- Step 4: Contact Fund Provider
- Reach out to the MRC de Lotbinière using the provided contact information to express your interest and gather additional application details.
- Use the following contact methods: phone (418 926-3407 or 418 990-0175) or email (info@mrclotbiniere.org).
- Step 5: Submit Application
- Complete any application forms provided by the MRC de Lotbinière.
- Submit all prepared documents and forms to the designated contact at the MRC de Lotbinière.
- Ensure submission is completed before any specified deadline.
- Step 6: Await Response
- Once submitted, wait for confirmation and further instructions from the MRC de Lotbinière about the next steps in the grant process.
grant_single_labels|otherInfo
Here are additional relevant details for applicants considering local funding options in Lotbinière:
- Having a business account with Desjardins is mandatory for access to the Triple F funding.
- Futurpreneur Canada prioritizes the personality and leadership potential of the young entrepreneurs over tangible collateral or guarantees.
- MicroEntreprendre Chaudière-Appalaches offers both loans and personalised support to eligible entrepreneurs.
- Creators interested in crowdfunding via La Ruche may also access additional funds through the Fonds Mille et un pour la jeunesse.
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418
Apply to this program
Significant Financial Assistance for Business Growth
This funding program offers vital financial support to businesses, aimed at facilitating growth and development through strategic investments. It is designed to assist enterprises in advancing their operational goals with flexible, accessible financial solutions.
In-Depth Insights into Available Financial Assistance
The Fonds locaux d'investissement (Triple F) is a distinguished funding program provided by the MRC de Lotbinière, offering both technical and financial support to businesses ready to scale up operations. Specifically, this program is tailored for enterprises that have moved beyond the pre-startup phase, providing them with critical resources to strengthen their market position and achieve sustainable expansion.
Eligible businesses can access up to $50,000 in funding, with repayment terms designed to suit the financial capabilities of the enterprise, spanning 36 to 60 months. The funding is structured with a base interest rate, augmented by a risk-based rate to accommodate different financial profiles. A prerequisite for beneficiaries is maintaining a Desjardins account, ensuring financial management is streamlined and professional support is readily accessible.
The Fonds locaux d'investissement emphasizes the importance of robust financial planning and transparent business operations. Applicants are required to submit a comprehensive business plan accompanied by detailed financial forecasts spanning two years. This forward-thinking approach enables businesses to anticipate challenges and strategically allocate resources, enhancing their ability to deliver on commitments and secure competitive advantages in their respective industries.
To ensure a thorough evaluation, applicants must detail project costs and financing structures, demonstrating a well-rounded approach to project management and financial viability. This meticulous process not only strengthens the application but also equips businesses with the tools and insights necessary for long-term success.
Alongside financial backing, the program serves as a platform to connect business leaders with a network of partners and mentors. This network provides invaluable guidance and support, fostering an environment conducive to achieving business milestones and overcoming sector-specific challenges.
Complementing this are targeted options for young and emerging entrepreneurs through collaborations with organizations such as Futurpreneur Canada, MicroEntreprendre Chaudière-Appalaches, and Créavenir Desjardins. These partnerships extend further financial and advisory resources, aimed particularly at young entrepreneurs, to seed innovative ideas and nurture talent in the entrepreneurial landscape of the region.
The Triple F program by the MRC de Lotbinière thus stands as a cornerstone of regional economic development, facilitating access to necessary financial services while promoting sustainable business practices. By leveraging this program, local enterprises can unlock new growth avenues, boost competitiveness, and contribute positively to the economic fabric of their communities.