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DEL — Business Acquisition Loan - Quebec - Canada
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DEL — Business Acquisition Loan

Supports entrepreneurs acquiring businesses for succession and ownership transfer
Développement économique de l'agglomération de Longueuil (DEL)
Longueuil City
Last Update: April 2, 2026
Funding available
$ 150,000
Timeline
  • Open Date : July 9, 2024
Location
Montérégie, Quebec, Canada

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.
/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Reduce environmental 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
  • 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

  • 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.

Eligibility

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).

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

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.

What is the DEL — Business Acquisition Loan?

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.

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 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

What expenses are eligible under DEL — Business Acquisition Loan?

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.

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

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