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DEL — Equipment and Technology Loan
Enhance business efficiency through financing equipment and technology investments
Offered by Official source: choisiragglolongueuil.com
Développement économique de l'agglomération de Longueuil (DEL)
Record updated
- Funding available
- $ 250,000
- Deadline
- Open continuously
- Location
- Quebec, Canada
- Who can apply
- Businesses legally constituted in the DEL (Longueuil agglomeration) region or planning to locate there
- See full eligibility
Overview
The DEL Equipment and Technology Loan offers up to $150,000 in financing to help businesses acquire and install new or used equipment, technology, or software. Eligible activities include equipment purchases, software and technology installation, employee training, production area setup, and productivity improvements.
At a glance
Funding available
- Maximum funding
- $250,000
- Increase performance through digital transformation
- Automate business operations
- Optimize production processes
- Develop workforce skills
Eligible candidates
- Location
- Montérégie
- Quebec
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- All organization sizes
- Audience
- All groups
- Legal structures
- For-profit business
Start applying for this program
Take a practical assessment to gain a clear understanding of how well this program aligns with your specific needs and long-term goals.
Availability timeline
2026
Periods: 1
Eligibility
Who is eligible?
- Businesses legally constituted in the DEL (Longueuil agglomeration) region or planning to locate there
- Businesses operating in eligible industries that offer value-added services or products intended primarily for other businesses (B2B)
Eligible expenses
- Purchase of new or used equipment
- Purchase of technology or software
- Installation or delivery fees
- Employee training costs
- Production area setup costs
- Expenses related to improving productivity
Eligible geographic areas
- Businesses located in the Développement économique de l'agglomération de Longueuil (DEL) region
- Companies planning to establish operations in the DEL region
Activities funded
- Acquisition and installation of new or used equipment to enhance business operations.
- Adoption and integration of technology or software systems.
- Development and setup of production areas to support growth.
- Employee training initiatives linked to equipment or technology upgrades.
- Projects aimed at improving overall business productivity.
How to apply
- Step 1: Initial Consultation
- Contact DEL – Développement économique de l'agglomération de Longueuil at 450 645-2335 or 1 866 599-2335 to arrange an appointment or request information about the Equipment and Technology Loan.
- Discuss your project with DEL advisors to confirm your eligibility and receive guidance on the application process.
- Step 2: Gather Documentation
- Collect financial statements for the past three years and the current year.
- Prepare projected financial forecasts for the next two years.
- Develop a business model and revenue model or business plan.
- Obtain detailed project cost quotes.
- Assemble the entrepreneur’s personal financial statement and credit report.
- Step 3: Prepare the Application
- Complete all required forms provided by DEL based on your consultation.
- Ensure all information provided is accurate and fully supported by documentation.
- Step 4: Submit Application
- Send all required documents and forms to DEL as instructed by your advisor during the initial consultation (details may be confirmed during your appointment).
- Step 5: Follow-Up and Communication
- Monitor communications from DEL for any requests for further information or clarification.
- Be prepared to provide additional documentation if requested.
Selection criteria
- Presentation of financial forecasts demonstrating the profitability and growth potential of the project.
- Presentation of up-to-date financial statements showing a 20% equity investment after project completion and the company's repayment capacity.
- Absence of defaults towards the government or creditors, as well as the absence of litigations involving the company or the entrepreneur.
Additional information
- The loan may be combined with conditionally non-repayable financing to cover up to 50% of related external professional fees.
- The loan can be repaid at any time without penalty.
- Collateral is normally required for this type of financing.
- DEL offers free-of-charge support services to applicants seeking financing.
Official sources
Frequently Asked Questions about the DEL — Equipment and Technology Loan Program
What is the DEL — Equipment and Technology Loan?
The DEL Equipment and Technology Loan offers up to $150,000 in financing to help businesses acquire and install new or used equipment, technology, or software. Eligible activities include equipment purchases, software and technology installation, employee training, production area setup, and productivity improvements.
How much funding can be received?
DEL — Equipment and Technology Loan Funds up to $250,000 of admissible expenses.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the DEL — Equipment and Technology Loan program?
To be eligible for the DEL — Equipment and Technology Loan program, you must:
Be legally constituted and located in the DEL region or planning to be
Operate in an eligible industry with B2B value-added services or products
Submit a project creating or maintaining jobs
What expenses are eligible under DEL — Equipment and Technology Loan?
Purchase of new or used equipment
Purchase of technology or software
Installation or delivery fees
Employee training costs
Production area setup costs
Expenses related to improving productivity
Who can I contact for more information about the DEL — Equipment and Technology Loan?
You can contact Développement économique de l'agglomération de Longueuil (DEL).
Where is the DEL — Equipment and Technology Loan available?
The DEL — Equipment and Technology Loan program is available Montérégie, Quebec.