How much funding can be received?

Funds up to 50% of admissible expenses, capped at $150000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the DEL — Commercialization Loan?

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

What are DEL — Commercialization Loan's eligibility criterias?

Be legally constituted and located in the DEL region or plan to be Operate in an eligible industry offering B2B value-added products or services Provide proof of 20% equity after the project and the ability to repay

DEL — Commercialization Loan

Last Update: June 23, 2025

Longueuil, QC

Supports business commercialization and market entry activities

DEL — Commercialization Loan at a glance

Eligible Funding

Max. $150,000
Up to 50% of project cost

Timeline

Open Date : July 9, 2024

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

Développement économique de l'agglomération de Longueuil (DEL)
Longueuil City

Status

Open

Overview of the DEL — Commercialization Loan program

The DEL — Commercialization Loan offers up to $150,000 in financing to support product marketing, market development, and commercialization activities. Eligible expenses include marketing campaigns, sales efforts, trade show participation, consulting fees, and costs associated with launching products into new markets.

Financing terms and conditions

Maximum loan amount of $150,000.
This loan may be combined with conditionally non-repayable financing that covers up to 50% of external professional fees related to the project.
Repayable term or equity loan over up to 5 years, or up to 7 years under certain conditions.
Possibility to postpone principal payments for up to 12 months, or 24 months under certain conditions.

Eligible projects & activities

Commercialization and launch of new products or services.
Development of new markets and client bases, including export strategies.
Implementation of marketing campaigns and promotional activities.
Obtaining certifications or licenses required for market entry.
Evaluation and validation of business opportunities through market analysis and feasibility studies.

Examples of admissible projects:

$ 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

Eligibility criteria of the DEL — Commercialization Loan program

The business must be legally constituted.
The company must be located in the DEL region or planning to establish there.
The business must operate in an eligible industry and offer value-added services or products generally intended for other businesses (B2B).
The proposed project must support job creation and/or retention.
The company must demonstrate realistic financial forecasts indicating profitability and growth potential.

Who is eligible?

Companies legally constituted and located in the DEL region or planning to locate there
Businesses operating in eligible industries
Companies offering value-added services or products generally intended for businesses (B2B)

Eligible expenses

Marketing, sales, and product launch costs
Expenses for developing new markets and clients
Certification or licensing fees
Fees for participation in commercial missions, exhibits, and trade shows
Development and creation of promotional tools
Hiring a market development specialist
Specialized consulting fees, including commercial viability assessments, market analyses, and business or product positioning in external markets
Other expenses directly related to implementing the marketing plan

Eligible geographic areas

Businesses located in the DEL region
Companies planning to establish operations in the DEL region

Eligibility criteria of the DEL — Commercialization Loan program

Financial viability and growth potential of the project, supported by realistic forecasts.
Company's ability to demonstrate internal expertise in business development.
Absence of default on payments and litigation involving the company or the entrepreneur.

How to apply to the DEL — Commercialization Loan program

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

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

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

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

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

Additional information

This loan can be combined with conditionally non-repayable financing, which may cover 50% of external professional fees related to your project.
Collateral is typically required to secure this type of financing.
The loan is repayable at any time without penalty.
Interest rates are competitive and calculated based on risk assessment.