DEL — Commercialization Loan
Longueuil, QC, Canada
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|openingDateJuly 09, 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
Yes, there are several projects and activities eligible for 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, including determining a project’s commercial viability and 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|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_eligibility_criteria|zone
Eligible geographic zones for this grant are indicated as follows:
- Agglomeration of Longueuil
grant_single_labels|register
- Step 1: Evaluate eligibility
- Review the main eligibility criteria to ensure your project qualifies for the commercialization loan.
- Step 2: Gather necessary documents
- Collect all key documents required for submission.
- Step 3: Determine eligible expenses
- Identify and list all project expenses that qualify for the loan, such as marketing, sales, product launch expenses, and other eligible costs.
- Step 4: Contact DEL
- Book an appointment with DEL to discuss your financing needs and get assistance with your application.
- Step 5: Submit application
- Submit your completed application form and all supporting documents to DEL for review and processing.
- Step 6: Await decision
- Wait for DEL to review your application and provide a decision on your loan request.
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
Apply to this program
Commercialization Loan Overview
The Commercialization Loan from DEL (Développement économique de l'agglomération de Longueuil) offers up to $150,000 in financing to support the marketing and market development efforts of businesses. This loan features flexible repayment options and can cover a variety of expenses, from market analysis to promotional activities.
Detailed Guide to DEL's Commercialization Loan
Securing funding for marketing and commercial development is crucial for businesses looking to expand their market presence and increase their sales. DEL's Commercialization Loan is designed to provide the financial support required for such endeavors, enabling firms to achieve their growth objectives. Here, we will detail all aspects of the loan, including eligibility criteria, types of financing available, and the variety of expenses it can cover.
Purpose and Overview
The purpose of the Commercialization Loan is to cover the costs associated with marketing products and developing new markets. Whether it's conducting a market viability study, engaging in client development, or participating in trade shows, this loan helps businesses manage the broad spectrum of expenses involved in bringing products to market.
With a maximum loan amount of $150,000, businesses can significantly boost their marketing endeavors. Moreover, this loan can be combined with conditionally non-repayable financing to cover up to 50% of professional fees related to the project, providing even greater financial flexibility.
Types of Financing
DEL offers two main types of financing under this loan program:
- Term or Equity Loan: This option is repayable over a term of 5 years, or under specific conditions, up to 7 years. Borrowers have the possibility of postponing principal payments for up to 12 months and, under certain conditions, up to 24 months. This type of financing can be repaid at any time without penalty.
- Debenture Financing: This type ranges from 3 to 5 years in maturity and can also extend to 7 years under certain conditions. Debentures can be convertible and may come with stock options. Similar to term loans, they can be repaid at any time without penalty.
Collateral is usually required for these types of financing arrangements, adding a layer of security for the lender.
Eligible Expenses
One of the strengths of the Commercialization Loan is its broad eligibility for various marketing and development-related expenses. Here's a detailed list of what can be covered:
- Marketing, Sales, and Product Launch Expenses: Including but not limited to advertising, public relations efforts, and launch campaigns.
- New Market and Client Development Expenses: Funds to support initiatives aimed at entering new markets or acquiring new clients.
- Certification or Licensing Fees: Costs associated with obtaining necessary certifications or licenses to operate in new markets.
- Commercial Missions, Exhibits, and Trade Shows: Expenses related to attending or exhibiting at trade shows, commercial missions, and industry exhibitions.
- Promotional Tools Development: Costs for creating brochures, websites, advertisements, and other promotional materials.
- Market Development Specialist: Hiring specialists who focus on market penetration and development.
- Specialized Consulting Fees: Including costs for determining a project's commercial viability, conducting market analyses, and positioning the business in external markets.
- Miscellaneous: Other expenses related to executing the overall marketing plan.
Interest Rate
The interest rate for the loan is competitive and risk-based. The exact rate will depend on the specific risk profile of the borrower, making it a tailored financial solution designed to meet the needs of diverse businesses.
Main Eligibility Criteria
While the specific eligibility criteria can vary, key documents typically required for application include:
- Business plan
- Financial statements
- Market analysis reports
- Details of the intended use of loan funds
- Collateral documentation
- Credit history
Before applying, businesses should ensure that they have all these documents prepared to streamline the application process.
Application Process
Applying for the Commercialization Loan is straightforward. Interested businesses need to book an appointment with DEL advisors, who will help navigate the application process, assess the suitability of the loan, and provide guidance on required documentation. Their services are free of charge, providing valuable support without additional financial strain.
Conclusion
The Commercialization Loan from DEL stands out as a comprehensive financial tool designed to support the vital marketing and commercial development activities of businesses. By providing up to $150,000 in flexible financing options, covering a wide range of eligible expenses, and offering competitive interest rates, this loan can significantly aid businesses in realizing their growth potential. Furthermore, the expert support from DEL advisors ensures that applicants are well-guided throughout the process, making it a valuable resource for any business looking to expand its market presence.
For more information or to start an application, businesses are encouraged to contact DEL and schedule an appointment. Leveraging this loan can be a pivotal step in executing an effective marketing strategy, positioning your business for success in new markets.
