DEL — Digital Transformation Loan
Boucherville, QC
The Digital Transformation Loan offers up to $50,000 in term loans and up to $20,000 in conditionally non-repayable financing to enhance business productivity through new technologies.
grant_single|update February 25, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJuly 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 Digital Transformation Loan aims to finance business digital projects to boost productivity through new technologies. It offers a term loan up to $50,000 and conditionally non-repayable financing up to $20,000, covering 50% of external project-related fees, such as professional fees, equipment, software, and training costs. Eligible expenses include purchasing technology or software, training, and setting up production areas.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 15,000
Implement a cloud-based CRM system for a non-profit organization
$ 15,000
Set up a digital marketing campaign for a sole proprietorship
$ 11,000
Install a new point-of-sale software to enhance retail operations
$ 25,000
Acquire and install automated manufacturing equipment for a production facility
$ 25,000
Upgrade legacy IT systems to new cloud-based ERP software
$ 15,000
Develop an e-commerce platform for a cooperative
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
The eligible companies for this grant appear to be any that are seeking to finance their digital transformation initiatives to increase productivity through the acquisition of new technologies. Specific eligibility criteria might be provided during an appointment with DEL.
- Companies seeking to finance digital transformation projects
- Businesses that need to acquire new technologies to improve productivity
- Organizations requiring funds for purchasing new or used equipment
- Companies incurring costs related to technology or software acquisition
- Businesses needing funds for installation, delivery, or training costs
- Organizations requiring working capital for productivity improvement projects
grant_eligibility_criteria|eligible_expenses
Yes, there are eligible expenses for this grant. The grant covers a variety of costs related to your digital transformation project.
- Cost of purchasing new or used equipment
- Cost of purchasing technology or software
- Installation or delivery fees
- Training costs
- Cost of setting up a production area
- Expenses related to improving productivity
- Additional working capital for the project
grant_single_labels|register
- Step 1: Identify Eligibility
- Verify your business meets the main eligibility criteria.
- Gather key documents that need to be submitted.
- Step 2: Prepare Documentation
- Collect documentation related to the project such as professional fees, salaries, equipment, license or training costs, and additional working capital for the project.
- Step 3: Book an Appointment
- Contact DEL to book an appointment for free support services to help find the right financing for your business needs.
- Step 4: Submit Application
- Submit the application including all required documents and information related to the digital transformation project.
- Step 5: Review Process
- Wait for DEL to review the submitted application and documents.
- Step 6: Receive Funding Decision
- Receive notification about the funding decision.
- If approved, adhere to terms and conditions of the term loan and non-repayable financing.
- Step 7: Implementation
- Proceed with the digital transformation project utilizing the granted funds.
- Keep records of expenses and project progress as required.
grant_single_labels|otherInfo
This financing product, offered by DEL, helps businesses in Longueuil's agglomeration region to finance digital transformation projects aimed at improving productivity and efficiency.
- Term loan up to $50,000
- Conditionally non-repayable financing up to $20,000
- Non-repayable financing includes $10,000 from DEL and $10,000 from DigifabQG
- Eligible expenses include equipment, technology or software costs, installation, and training fees
- Possibility of postponing principal payments and interest for up to 12 months
- 25% deposit required
- Competitive and risk-based interest rate
- Contact information for DEL: 450 645-2335 or 1 866 599-2335
grant_single_labels|contact
450 645-2335