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DEL — Digital Transformation Loan
Digital financing for business productivity growth
Last Update: April 2, 2026
Funding available
$ 70,000
Timeline
- Open Date : July 9, 2024
Location
Montérégie, Quebec, Canada
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.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Optimize production processes
Eligible Funding
- Maximum amount : 70,000 $
- Up to 50% of project cost
Timeline
- Open Date : July 9, 2024
Eligible candidates
Eligible Industries
- All industries
Location
- Montérégie
- Quebec
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next steps
1
Determine your project
2
Validate your eligibility
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
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
Here are answers to the most common questions about the DEL — Digital Transformation Loan. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the DEL — Digital Transformation Loan?
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.
How much funding can be received?
DEL — Digital Transformation Loan Funds up to 50% of admissible expenses, capped at $70,000 per project.
Who is eligible for the DEL — Digital Transformation Loan program?
To be eligible for the DEL — Digital Transformation Loan program, you must:
The applicant must be seeking funding for digital transformation initiatives.
The company must be legally registered and operational in the region of Quebec, Canada.
The enterprise should demonstrate a need for financial support to enhance digital capabilities.
Who can I contact for more information about the DEL — Digital Transformation Loan?
You can contact Développement économique de l'agglomération de Longueuil (DEL) or by phone at 450 645-2335.
Where is the DEL — Digital Transformation Loan available?
The DEL — Digital Transformation Loan program is available Montérégie, Quebec.
Is the DEL — Digital Transformation Loan a grant, loan, or tax credit?
DEL — Digital Transformation Loan is a Loans and Capital investments
Who are the financial supporters of the DEL — Digital Transformation Loan?
DEL — Digital Transformation Loan is funded by Développement économique de l'agglomération de Longueuil (DEL), Longueuil City
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