Open
DEL — Business Acquisition Loan
Financing for business acquisition and succession
Last Update: June 5, 2026
Funding available
$ 150,000
Timeline
- Open Date : July 9, 2024
Location
Boucherville, Brossard, Longueuil, Saint-Bruno-de-Montarville, Saint-Lambert, Montérégie, 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.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop strategic partnerships
- Increase social or community impact
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
- Boucherville, Brossard, Longueuil, Saint-Bruno-de-Montarville, Saint-Lambert
- Montérégie
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
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
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
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
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
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?
Business acquisition with a succession objective
Transfer of management and ownership of an existing business
Acquisition projects leading to full control within 5 years
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