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DEL — Business Acquisition Loan

Q: How much funding can be received?

DEL — Business Acquisition Loan Funds up to 25% of admissible expenses, capped at $150000 per project.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the DEL — Business Acquisition Loan a grant, loan, or tax credit?

DEL — Business Acquisition Loan is a Loans and Capital investments

Q: Who are the financial supporters of the DEL — Business Acquisition Loan?

DEL — Business Acquisition Loan is funded by Développement économique de l'agglomération de Longueuil (DEL), Longueuil City

Q: Who is eligible for the DEL — Business Acquisition Loan program?

To be eligible for the DEL — Business Acquisition Loan program, you must: • Legally constituted business established or planning to establish in the DEL territory • Operate in an eligible sector offering value-added B2B services or products • Project involves acquiring at least 25% ownership of an existing business with full-time involvement

Q: Who can I contact for more information about the DEL — Business Acquisition Loan?

You can contact Développement économique de l'agglomération de Longueuil (DEL) or by phone at 450 645-2335.

Q: Where is the DEL — Business Acquisition Loan available?

The DEL — Business Acquisition Loan program is available the province of Quebec.

Q: Are startups eligible for the DEL — Business Acquisition Loan program?

Yes, startups are eligible to apply for the DEL — Business Acquisition Loan program.

Last Update: November 27, 2025

Longueuil, QC

Supports entrepreneurs acquiring businesses for succession and ownership transfer

Loans and Capital investments

Développement économique de l'agglomération de Longueuil

At a glance

Funding available

Financing goals

Reduce the ecological footprint

Eligible Funding

Maximum amount : 150,000 $
Up to 25% of project cost

Timeline

Open Date : July 9, 2024

Eligible candidates

Eligible Industries

Agriculture, forestry, fishing and hunting
Mining, quarrying, and oil and gas extraction
Utilities
Construction
Manufacturing
Wholesale trade
Retail trade
Transportation and warehousing
Information and cultural industries
Finance and insurance
Real estate and rental and leasing
Professional, scientific and technical services
Management of companies and enterprises
Administrative and support, waste management and remediation services
Educational services
Health care and social assistance
Arts, entertainment and recreation
Accommodation and food services
Other services (except public administration)
Public administration

Location

Longueuil

Legal structures

For-profit business

Annual revenue

All revenue ranges

Organisation size

All organization sizes

Audience

Startups

Overview

The DEL — Business Acquisition Loan offers up to $150,000 to support entrepreneurs acquiring at least 25% ownership of an existing business as part of a succession plan. Eligible activities include purchasing company shares or assets and covering professional service fees related to the acquisition.

Activities funded

Acquisition of an existing business to facilitate ownership succession.
Transitions where an entrepreneur acquires at least 25% of a company’s shares or assets with the intent to take over management and control.
Business succession projects involving the transfer of company leadership and ownership from the current owner to a new entrepreneur within five years.

Examples of admissible projects:

$ 115,000

Acquiring 30% of a healthcare software company to improve patient care solutions

$ 75,000

Investment in 25% of a local marketing firm to enhance digital marketing solutions

$ 88,000

Acquisition of a 30% stake in a local manufacturing company for expansion

$ 130,000

Buying a 40% share of a tech startup to foster innovation in AI

$ 90,000

Acquiring a 35% stake in a local restaurant for business growth and development

$ 65,000

Purchase of a 25% interest in a local organic farm to promote sustainable agriculture

Eligibility

The company must be legally constituted.
The business must be established in the DEL territory or have plans to locate there.
The project must involve acquiring at least 25% of an existing business with the intention of succession within a maximum of five years.
The applicant must work full time in the acquired business and possess relevant experience and training for the project.
The applicant must demonstrate financial viability through realistic financial forecasts and show the resulting business will have at least 20% equity after the project.

Who is eligible?

Companies legally established on the territory of DEL or intending to establish there
Businesses operating in eligible sectors providing value-added services or products generally aimed at other businesses (B2B)

Eligible expenses

Acquisition of business ownership titles (voting shares or equity interests) representing at least 25% of the existing company's value.
Purchase of business assets.
Professional service fees related to the acquisition transaction.

Eligible geographic areas

Businesses established within the territory covered by DEL (Développement économique de l’agglomération de Longueuil).

Selection criteria

Submission of a market evaluation report for the business being transferred.
Provision of a clear agreement for the transfer and purchase of at least 25% of the company’s value.
Detailed business succession and ownership transfer plan targeting full control within five years.
Presentation of recent (last 3 years and current) and projected (next 2 years) financial statements to demonstrate financial viability and repayment capacity.
Comprehensive profile of the buyer, including financial standing and personal credit report.

How to apply

Verify initial eligibility

Ensure the company is legally incorporated
Verify the business is established or intends to establish in the DEL territory
Confirm the business operates in an eligible sector and offers B2B products or services

Meet project requirements

Acquire at least 25% of company shares or assets
Work full-time in the company
Ensure the project involves a transfer of ownership over a maximum of 5 years
Demonstrate relevant experience and training

Collect required documents

Prepare market evaluation report for the business being transferred
Obtain ownership transfer and buyback agreement for at least 25%
Develop a succession and ownership transfer plan
Gather financial statements for last three years and current year
Prepare opening balance sheet and two-year financial forecasts

Submit application

Submit the application with all required supporting documents
Include applicant’s profile, financial statement, credit history, and business model or plan
Attach any other documents relevant to project analysis

Additional information

The loan offers options for early repayment without penalties.
A guarantee may be required depending on the financing type chosen.
A non-repayable financial aid is available under conditions to cover up to 50% of external professional fees linked to the project.
Interest rates are set competitively and based on risk assessment.

Contacts

450 645-2335

Longueuil, QC, Canada

Apply to this program

Frequently Asked Questions about the DEL — Business Acquisition Loan Program

Here are answers to the most common questions about the DEL — Business Acquisition Loan. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.