Principle
The local funds (FLI, SOLIDE) are financial tools aimed at accelerating the realisation of business projects on the territory and, in this sense, they intervene in a proactive manner in various endeavours.
The local funds encourage the entrepreneurship spirit and their development efforts consist in helping entrepreneurs with their projects in order to:
- Create and support profitable enterprises;
- Finance the setting-up or the expansion of businesses;
- Support job creation;
- Contribute to the economic development of the LaSalle borough territory.
Admissibility Criteria
- To be a small/medium size enterprise operating in manufacturing, propulsive and traditionnal industries (social economy businesses are also eligible);
- To be a Quebec business, meaning that the main activity takes place within the LaSalle territory and that the headquarters are situated in the province of Quebec;
- The project can be a start-up, an expansion, an acquisition, a consolidation or a business transmission;
- For a start-up project, down payment should be equivalent to 20% to 25% of the project's cost; for an expansion project, down payment should be equivalent to 20% of the company's equity;
- Promote local job creation.
Modes of Financial Aid
- Participative loan between $5,000 and $150,000, depending on the project;
- Term from 4 to 7 years;
- Interest rate depends on the project risk;
- Support during project development and with financial institutions.
How to present an application
- Complete and submit the application form below;
- Meet with a counsellor;
- Demonstrate the viability of the project.
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