Fonds locaux d’investissement (Local Investment Fund)

By mmuise
Description:

Local Investment Funds are financial tools designed to accelerate projects undertaken by businesses in the region. As such, they have a proactive effect on these initiatives.
Local Funds serve primarily as a cash injection for businesses. This type of funding aims to provide a business with the working capital it needs to successfully carry out its project. The financial assistance provided by Local Funds therefore acts as essential leverage to help the business obtain funding from other sources, such as a conventional loan from a financial institution, subsidy, investment or other seed capital.


Comments on Funding:

The investment limit per project is $100,000 for FLS (Fonds locaux de solidarité) and $150,000 for FLI (Fonds locaux d’investissement).

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be start-ups;
  • be financing for business expansion;
  • be financing for the acquisition or succession of businesses;
  • be established in the City of Trois-Rivières.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise