Ville de La Tuque — Local investment fund

• Completed, dated, and signed financial assistance application form.
• Business plan and/or detailed project description, as required in the financial assistance application.
• Detailed breakdown of project-related expenses.
• Project financing plan and confirmation of any other financial assistance or financing linked to the project.
• Financial statements for the last three years.

Who is eligible?

• For-profit businesses legally constituted under the laws of Quebec or Canada.
• Collective enterprises, including cooperatives and non-profit organizations with commercial activities.

Who is not eligible

• Companies using subcontractors listed in the RENA register.
• State-owned companies or companies controlled directly or indirectly by a government, a municipal entity, or a company majority-owned by a state-owned company.
• Businesses in bankruptcy or insolvency.

Eligible expenses

• Additional working capital needed to carry out the project for a maximum period of two years.
• Capital expenditures directly related to the project, including technology, land, buildings, equipment, machinery, rolling stock, construction, expansion, renovation, and site or premises development.
• Professional fees related to pre-project activities such as feasibility analysis, external audit, or impact study.
• Professional fees directly related to project implementation, including technology, equipment, and machinery installation, and the acquisition, construction, renovation, and development of land and premises.
• Acquisition costs for shares, parts, or assets of the target business, plus directly related transaction and acquisition fees for succession projects.

Ineligible Costs and Activities

• Expenses incurred before the application is filed.
• Debt service, repayment of future borrowings, capital loss or replacement of capital, or any payment or amount disbursed as capital.
• Transactions between related businesses or partners.
• Research and development expenses.
• Expenses related to the normal operations of the business.

Eligible geographic areas

• Abitibi-Témiscamingue
• Bas-Saint-Laurent
• Capitale-Nationale
• Centre-du-Québec
• Chaudière-Appalaches
• Côte-Nord
• Estrie
• Gaspésie–Îles-de-la-Madeleine
• Lanaudière
• Laurentides
• Laval
• Mauricie
• Montérégie
• Nord-du-Québec
• Outaouais
• Saguenay–Lac-Saint-Jean

• Economic viability of the business.
• Promoters’ knowledge and experience.
• Environmental and social benefits of the project.
• Working relationships with employees.
• Use of other financial partners and funding leverage.

• Contact the local MRC, municipal office, or organization responsible for managing the local investment fund in your territory.

• The MRC handles application eligibility, analysis, and decision-making.
• Applications are processed and analyzed continuously once all required information and documents have been provided.
• The committee may request a derogation from the agglomeration authorities, provided the FLI management terms are respected.
• The company may repay all or part of the loan early at any time, subject to the conditions in the loan agreement.

• The management of local investment funds is the responsibility of the MRCs.
• Modalities may be subject to changes depending on the MRC's investment policy.