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DEL — Business Acquisition Loan
Financing for business acquisition and succession
Offered by Official source: delagglo.ca
Développement économique de l'agglomération de Longueuil (DEL)
Record updated
- Funding available
- $ 150,000
- Up to 25% of project cost
- Deadline
- Unspecified
- Location
- Quebec, Canada
Overview
This program offers a maximum of $150,000 to support business acquisition and succession projects. It finances the purchase of shares or assets and related professional fees for entrepreneurs taking over an existing business.
At a glance
Funding available
- Maximum funding
- $150,000
- Maximum share of project costs
- 25%
- Increase performance through digital transformation
- Develop strategic partnerships
- Increase social or community impact
- Improve governance or administrative structure
- Attract or retain talent
- Increase production or service capacity
- Implement environmental initiatives
- Increase operational productivity
- Complete an acquisition or business transfer
- Reduce environmental footprint
- Develop workforce skills
- Strengthen organizational capacity
- Access new markets
- Digitize or modernize organizational tools
- Ensure financial sustainability
- Conduct research or evaluation activities
Eligible candidates
- Location
- Boucherville, Brossard, Longueuil, Saint-Bruno-de-Montarville, Saint-Lambert
- Montérégie
- Quebec
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- Startups
- Legal structures
- For-profit business
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
2025
Periods: 1
Eligibility
Who is eligible?
- Legally constituted businesses
- Businesses in eligible B2B sectors
- Businesses located in the DEL territory or planning to establish there
Who is not eligible
- Businesses in excluded sectors listed by DEL.
- Retail and restaurant businesses, except social economy enterprises.
- Businesses listed in the Register of enterprises ineligible for public contracts.
- Businesses in default with governments or creditors, or involved in litigation.
Eligible expenses
- Purchase of shares or units representing at least 25% of the business value
- Purchase of business assets
- Professional fees related to the acquisition transaction
Ineligible Costs and Activities
- The project must not involve retail or restaurant activities, except for social economy enterprises.
- Businesses listed in DEL's excluded sectors are not eligible.
- Businesses in the Register of enterprises ineligible for public contracts are not eligible.
- Businesses in default with governments or creditors, or involved in litigation, are not eligible.
Eligible geographic areas
- DEL territory
- Agglomeration of Longueuil
- Boucherville
- Brossard
- Longueuil
- Saint-Bruno-de-Montarville
- Saint-Lambert
Activities funded
- Business acquisition with a succession objective
- Transfer of management and ownership of an existing business
- Acquisition projects leading to full control within 5 years
How to apply
- Step 1: Review the program requirements
- Check the eligibility rules and required project conditions.
- Prepare the acquisition and succession project details.
- Step 2: Prepare the application file
- Gather the required financial, legal, and technical documents.
- Complete the application form available on DEL’s website.
- Step 3: Submit the application
- Send the signed electronic application through DEL’s online process.
- Submit before the deadline if one is published for the call for projects.
- Step 4: Await review and follow-up
- DEL sends an electronic acknowledgment after submission.
- The application is then assessed by the evaluation committee.
Documents Needed
- Market valuation report of the business
- Transfer of ownership and purchase agreement
- Succession and management transfer plan
- Financial statements and opening balance sheet
- Projected financial forecasts and business plan
Selection criteria
- Alignment with regional priorities and program objectives
- Realistic financial forecasts showing profitability and growth potential
- Ability to repay and maintain 20% equity after the project
- Project impact on jobs, competitiveness, and business succession
- Relevant experience and training of the applicant
Processing and Agreement
- Applications are reviewed by a selection committee
- Funding is subject to evaluation and available funds
- An agreement must be signed before funds are released
- A claim certificate and supporting invoices are required for payment
- DEL may withdraw funding if commitments are not respected or in case of fraud
Contacts
Official sources
Frequently Asked Questions about the DEL — Business Acquisition Loan Program
What is the DEL — Business Acquisition Loan?
This program offers a maximum of $150,000 to support business acquisition and succession projects. It finances the purchase of shares or assets and related professional fees for entrepreneurs taking over an existing business.
How much funding can be received?
DEL — Business Acquisition Loan Funds up to 25% of admissible expenses, capped at $150,000 per project.
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
Located in the DEL territory
Owns at least 25% of the business
What expenses are eligible under DEL — Business Acquisition Loan?
Purchase of shares or units representing at least 25% of the business value
Purchase of business assets
Professional fees related to the acquisition transaction
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.
Where is the DEL — Business Acquisition Loan available?
The DEL — Business Acquisition Loan program is available Montérégie, Quebec.
Is the DEL — Business Acquisition Loan a grant, loan, or tax credit?
DEL — Business Acquisition Loan is a Loans and Capital investments