DEL — Commercialization Loan
grant_single|update February 25, 2025
Longueuil, QC
The Commercialization Loan offers up to $150,000 in financing to cover marketing, sales, and product launch expenses for businesses.
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDate July 9, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Développement économique de l'agglomération de Longueuil (DEL)
- Longueuil City
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Commercialization Loan offered by DEL aims to finance the costs associated with marketing products and market development. Eligible activities include expenses related to market analysis, certification or licensing fees, promotional tool development, and fees for commercial missions, exhibits, and trade shows. This loan, with a maximum amount of $150,000, can be either a term or equity loan, repayable over 5 to 7 years, and may also cover specialized consulting fees.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 150,000
Developing a market entry strategy for our eco-friendly packaging products
$ 150,000
Creating marketing strategies for an innovative green energy solution
$ 150,000
Introducing a new AI-based financial software to the Canadian market
$ 150,000
Launching a new organic skincare line across Canadian markets
$ 150,000
Developing and marketing a new bilingual educational app
$ 150,000
Launching a line of sustainable fashion items across Canadian retailers
grant_single_labels|admissibility
This grant provides financial support for marketing products and market development. It covers expenses such as determining commercial viability, conducting market analysis, and specialized consulting fees.
- Marketing, sales, and product launch expenses
- New market and client development expenses
- Certification or licensing fees
- Fees related to commercial missions, exhibits, and trade shows
- Cost of developing and creating promotional tools
- Cost of hiring a market development specialist
- Specialized consulting fees, including commercial viability, market analysis, and positioning in external markets
- Other expenses related to carrying out the marketing plan
grant_eligibility_criteria|who_can_apply
The information provided does not specify particular types of companies that are eligible for the Commercialization Loan.Eligibility appears to be based on meeting the criteria for the types of expenses and documentation required, rather than the type of company.
Nothing
grant_eligibility_criteria|eligible_expenses
Yes, there are eligible expenses for this grant. Below is a list of the eligible expenses covered under this grant:
- Marketing, sales, and product launch expenses
- New market and client development expenses
- Certification or licensing fees
- Fees related to commercial missions, exhibits, and trade shows
- Cost of developing and creating promotional tools
- Cost of hiring a market development specialist
- Specialized consulting fees
- Cost of determining a project’s commercial viability
- Cost of conducting a market analysis
- Cost of positioning the business or its product offering in external markets
- Other expenses related to carrying out the marketing plan
grant_single_labels|apply
1
Preparation of the necessary documents
- Gather the financial statements from the last 3 years and the current year
- Prepare the financial forecasts for the next 2 years of the company
- Develop the company’s business and revenue model or business plan
- Draft the marketing plan
- Obtain the project expense quotes
- Assemble the personal financial statement and the entrepreneur's credit file
2
Verification of eligibility criteria
- Verify that the company is legally established
- Ensure that the company is located in the area of Longueuil or intends to establish itself there
- Confirm that the company operates in an eligible sector and offers value-added services or products (B to B)
- Ensure that the project promotes the creation and/or retention of jobs
- Ensure that the combined government financial aid and DEL financial assistance represents a maximum of 50% of the project expenses
- Ensure that the projected financial statements demonstrate potential for profitability and growth
- Verify that the current financial statements show an equity of 20% post-project and a repayment capacity
- Check that the company and the entrepreneur are not in default to the government and its creditors, and are not involved in any disputes
- Ensure that the company has internal expertise in business development
3
Submission of the request
- Make an appointment with DEL to discuss the project and the funding needs
- Complete the DEL funding request form
- Submit all documents prepared during step 1
4
Follow-up on the request
- Respond to any request for information or clarification from DEL
- Participate in meetings and visits that may be requested by DEL staff
5
Acceptance and implementation
- Receive and review the DEL funding offer
- Sign the loan or financial assistance contract
- Implement the marketing plan and use the funds in accordance with the terms of the funding
- Monitor expenses and prepare the necessary reports during and after the project's completion
grant_single_labels|otherInfo
This grant provides comprehensive financial support for marketing and market development expenses to assist businesses in promoting their products, with the potential for conditionally non-repayable financing for external professional fees. The loan terms are flexible, offering various repayment and deferral options.
- Maximum amount available: $150,000
- Type of Financing: Term loan or equity loan
- Term duration: 5 years, under certain conditions up to 7 years
- Payment deferral options: Principal payments can be postponed for up to 12 months, or under certain conditions, up to 24 months
- Debenture maturity: Between 3 to 5 years, under certain conditions, up to 7 years
- Repayable at any time without penalty
- Collateral is normally required
- Interest rate is competitive and risk-based
- Eligible expenses include marketing, sales, product launch expenses, certification or licensing fees, and more
grant_single_labels|contact
450 645-2335