Local Investment Funds (Fonds locaux d’investissement)
Compared with the 242 other application forms we have read
- The decision is made by a jury or selection panel. 16 work that way.
- Scored mainly on what it puts back into the local economy. 19 lead with that.
- Only 1 written answer, against a median of 5.
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Eligibility & Details
What this program funds and who can apply
Program Description
Laval Économique's local investment funds (FLI-FLS) lend up to $250,000 to for-profit SMEs, cooperatives and non-profit social-economy enterprises with fewer than 250 employees located on Laval territory. Financing takes the form of a traditional term loan or an equity loan, with or without collateral or a guarantor, typically over a 7-year term extendable to 10, and covers business start-up, improvement and transformation, growth and expansion, or succession. This is Laval's own local fund — the Fonds locaux d'investissement operate through each Quebec MRC and terms differ by region.
Eligibility Requirements
- Be a for-profit SME, cooperative or non-profit (social economy enterprises).
- Have fewer than 250 employees.
- Be located on the Laval territory, and conduct business activities within Laval.
- Companies whose main business activities involve real estate management and development are excluded.
- Companies whose main business activities involve food service are excluded.
- Companies whose main business activities involve the production or distribution of controversial weapons are excluded.
- Companies whose main business activities involve the operation of violent games, games of chance or gambling, or combat sports, are excluded.
- Companies whose main business activities involve sexual exploitation are excluded.
- Companies whose main business activities involve the production, sale or services related to tobacco or drug use are excluded.
- While not excluded, projects in the retail, personal services and construction sectors must demonstrate added value.
- Financing supports business start-up, improvement and transformation, growth and expansion, or succession — the fund's stated objective is to invest in Laval-based businesses with economic impact and to create, maintain and preserve jobs.
- The fund operates in three streams: a general stream for any start-up or expanding business; a small-business stream (FLI-PE) for businesses employing a maximum of ten people and in operation for less than five years; and a succession stream for an entrepreneur or group of entrepreneurs acquiring at least 25% of the value of an existing business or its assets. Stream-specific thresholds apply only within their own stream.
Quick Assessment
Funding Details
- Amount
- Up to $250,000
- Type
- Loan
- Level
- Municipal
- Deadline
- At all times — continuous intake
Program Scorecard
Competition, effort, and approval at a glance
Moderate — standard application process
Below average competition
Moderate — standard requirements
How to qualify
Insider tips, common pitfalls, and what successful applicants look like
Insider TipAsk about deferral options: principal and interest may be deferred up to 24 months for growth projects or 36 months for acquisitions and transfers.
Evaluation Criteria
How Local Investment Funds (Fonds locaux d’inv... judges your application
What the reviewer scores, what gets applications rejected, and what to write.
Distilled from 4 documents published by Local Investment Funds (Fonds locaux d’inv...: the application form, the applicant guide and the judging criteria, condensed into one brief. Updated 2026-09-07.
4 funder documents
Sign in free: we show which checks your profile already answers and keep your document ticks.
What Local Investment Funds (Fonds locaux d’inv... favours
Accelerate projects and create jobs in Laval via financing◦
“Les FLI-FLS permettent d’accélérer les projets d’affaires, de favoriser l’essor économique en plus de créer et maintenir des emplois à Laval, par le biais d’aide financière pour les entreprises en démarrage et en croissance.”
The form
Contact and company
- 1First Nameshort answer
- 2Last Nameshort answer
- 3Company Nameshort answer
- 4Company Addressshort answer
- 5Emailshort answer
- 6Phoneshort answer
- 7Industryshort answer
Project or need
- 8Project or needwritten answer
In a few words, describe your project or your needs
Local Investment Funds (Fonds locaux d’inv... states no length limits for these answers.
Judged against
- 1
Can this business borrow at all?
Show them Give a Laval address, a for-profit, co-op or social-economy legal form, and a headcount under 250.◦
- 2
What is the project and what will it pay for?
What to show, and the funder’s 0 criteria behind it in Premium
- 3
Will the committee back this project?
What to show, and the funder’s 1 criterion behind it in Premium
Where applicants fail
“Le FRR est à capitalisation limitée, il incombe aux organismes et aux entreprises de s’informer de la disponibilité des fonds avant le dépôt d’une demande.”
Premium · the rest of this brief
See all 3 rules run against your profile, every criterion the reviewer scores, and your draft laid out in this form. On every programme you match.
1 more criteria
Do you pass?
3 checks. Sign in free and we show which ones your profile already answers.
Your business
Fewer than 250 employees
Avoir moins de 250 employés
Located in Laval
Être située sur le territoire lavallois
Your organisation
For-profit, co-op or social NPO
Être une entreprise à but lucratif, une coopérative ou un OBNL (entreprise d’économie sociale)
Documents to attach
Ticks are kept on this device.
The money
What it pays for · 3
- Fonds de roulement
- Dépenses en capital
- Frais professionnels
From application to money
- Send interest formSubmit interest form to adviser
- Sign and return requestEmail signed financing request
- Independent committee reviewIndependent committee evaluates projects
In the funder’s words · 3
- Send interest form
- The public form asks for a few words on your project or need so an adviser can explore financing solutions with you.
- Sign and return request
- Send the signed financing request electronically to [email protected].
- Independent committee review
- An independent investment committee evaluates the projects.
Every quotation is Local Investment Funds (Fonds locaux d’inv...’s own wording; lines marked ◦ are our reading of it. Brief updated 2026-09-07.
Everything you need to secure Local Investment Funds (Fonds locaux d’inv...
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 8-document checklist with what each reviewer is actually checking
- Your Application Game Plan — the print-ready PDF the preview below describes
- 6-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- Success profile + evaluation criteria — exactly what lenders look for
Application Playbook
Step-by-step process, required documents, and expenses
Application Steps
Required Documents 8
Eligible Expenses 6
Ineligible Expenses 2
Deadline Notes
Ineligible Organizations
Funding Stack Strategy
Compatible programs, clawback risk, and combined funding potential
Stacking partner data not yet available.
Clawback Risk
Medium RiskHow Local Investment Funds (Fonds locaux d’inv... Compares
Side-by-side with similar programs
| Program | Amount | Difficulty | Payment | Deadline |
|---|---|---|---|---|
| Local Investment Funds (Fonds locaux ... | Up to $250,000 | Moderate | Loan | At all times —... |
| Quebec R&D Tax Credit (CRIC — Researc... | 20-30% tax credit (CRIC) | Hard | Tax Credit Offset | Ongoing |
| Investissement Québec — Project Finan... | Varies | Hard | Mixed (Advance + Reimb.) | Ongoing |
| Canada Economic Development for Quebe... | Varies | Moderate | Reimbursement | Ongoing |
| PME MTL - Fonds Jeunes Entreprises | Up to $25,000 | Moderate | Reimbursement | Ongoing |
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Frequently Asked Questions
Quick answers to the questions founders most often ask about Local Investment Funds (Fonds locaux d’inv...