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Funding
Local investment funds

Local investment funds

Financing solutions to support business start-ups, growth, transformation and succession.

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local-investment-funds

Local investment funds

Turn Your Ambitions Into Reality

Not sure whether this fund is the right fit for your project?

Contact us

The Local Investment Fund (FLI) and the Local Solidarity Fund (FLS) are financial tools designed to support business projects throughout the MRC Pierre-De Saurel.

Working alongside other sources of financing, they help support business start-ups, acquisitions, growth and transformation projects. They also encourage business succession, foster job creation and retention, and contribute to the region's economic development.

Not sure whether this fund is the right fit for your project?

Contact us

Admission criteria

To be eligible for the Local Investment Funds, your business must:

  • be legally incorporated and have its head office in Québec;
  • operate within the MRC Pierre-De Saurel;
  • present an eligible start-up, growth, transformation or business succession project;
  • demonstrate its ability to carry out the project and ensure its viability;
  • provide an equity contribution generally representing at least 20% of the project cost.

Investment criteria

Projects are evaluated based on several factors, including:

  • the economic viability and growth potential of the business;
  • the knowledge, experience and skills of the promoters;
  • the project's economic, social and environmental impacts;
  • job creation or retention within the MRC Pierre-De Saurel;
  • the participation of other financial partners in the project;
  • the project's long-term sustainability.

Additional conditions may apply depending on the nature of the project and the type of financing requested.

Financial Assistance

Financial assistance is provided in the form of a loan, with or without collateral.

The amount granted varies based on the nature of the project, financing needs and the assessment of the application.

  • $5,000per compagny
  • $250,000per company

Submit Your Project

Here are the main steps involved in applying for financial assistance.

1. Contact Us
Complete the contact form or reach out to our team to discuss your project.

2. Meet with an Advisor
An advisor will review your project and guide you through the application process.

3. Prepare Your Application
Depending on your situation, you may be asked to provide:

  • a business plan or project description;

  • financial forecasts or financial statements;

  • information about the promoters;

  • supporting quotations and documents;

  • proof of equity contribution.

4. Review and Recommendation
Your application is reviewed by DÉPS and submitted to the investment committee for consideration.

5. Approval and Funding
Once approved, the agreements are signed and the funds are disbursed according to the established terms.