
DEL — Digital Transformation Loan
At a glance
- Max. $70,000
- Up to 50% of project cost
- Open Date : July 9, 2024
- All industries
Overview
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.
Activities funded
Eligibility
Who is eligible?
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
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
How to apply
Identify Eligibility
- Check that your business meets the main eligibility criteria.
- Gather the key documents that need to be submitted.
Prepare the Documentation
Make an Appointment
Submit the Application
Revision Process
Receive the Funding Decision
- Receive a notification regarding the funding decision.
- If approved, comply with the terms and conditions of the term loan and the non-repayable funding.
Implementation
- Proceed with the digital transformation project using the granted funds.
- Keep track of expenses and project progress as required.
Additional information
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
Contacts
Frequently Asked Questions about the DEL — Digital Transformation Loan Program
What is the DEL — Digital Transformation Loan?
How much funding can be received?
What expenses are eligible under DEL — Digital Transformation Loan?
What is the deadline to apply?
Is the DEL — Digital Transformation Loan a grant, loan, or tax credit?
Who are the financial supporters of the DEL — Digital Transformation Loan?
Who is eligible for the DEL — Digital Transformation Loan program?
Who can I contact for more information about the DEL — Digital Transformation Loan?
Where is the DEL — Digital Transformation Loan available?
More programs like this

ESSOR – Component 1C: Support for investment projects (implementing a digital plan)
Investissement Québec (IQ)
MAPAQ — Food Processing Program — Component 2
Ministry of Agriculture, Fisheries and Food (MAPAQ)
Research, Innovation and Commercialization Tax Credit (CRIC)
Gouvernement du Québec
Development of E-Business Tax Credit (CDAE)
Investissement Québec (IQ)
NovaScience Program - Support for projects in scientific culture and innovation
Gouvernement du Québec
Ecocamionnage Program — Logistics Project Component
Minister of Transport and Sustainable Mobility of Quebec
ESSOR – Component 2: Support for investment projects promoting productivity and business expansion
Investissement Québec (IQ)
Support for Innovation and Productivity for Québec manufacturing companies (SIPEM) - Part 2
PROMPT
ESSOR – Component 1B: Support for investment projects (digital diagnostics)
Investissement Québec (IQ)