MRC Lotbinière — Triple F

The Triple F fund offers technical and financial assistance tailored to support eligible businesses in their growth phases. The financial modalities are structured to provide flexibility in both the amount and repayment terms to accommodate various business needs.

• Maximum financial assistance of up to $50,000.
• Interest rate includes the base rate plus a risk-based rate.
• Repayment period ranges between 36 and 60 months.
• Requirement to hold an account with Desjardins Bank.

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.

Who is eligible?

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.

Who is not eligible

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).

Eligible geographic areas

This funding opportunity is specifically designated for companies within the MRC de Lotbinière region. Eligibility is contingent upon aligning with the investment policy set forth by the MRC.

• Businesses operating within the MRC de Lotbinière, Quebec.

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.