DEL — Equipment and Technology Loan

• Maximum loan amount of $150,000 per project.
• Loan is repayable over 5 years, or up to 7 years under certain conditions.
• Possibility to postpone principal payments for up to 12 months, or up to 24 months under certain conditions.
• Loan can be combined with conditionally non-repayable financing covering up to 50% of external professional fees related to the project.

• The applicant must be legally constituted.
• The business must be located in the DEL region or plan to establish there.
• The company must operate in an eligible industry and provide value-added services or products primarily for businesses (B2B).
• The project must create and/or maintain jobs.
• The applicant must demonstrate realistic financial forecasts, profitability, and growth potential, and provide current financial statements showing 20% equity after the project with the ability to repay.

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

• 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.

• 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.