How much funding can be received?

Funds up to 50% of admissible expenses, capped at $150000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the DEL — Equipment and Technology Loan?

DEL — Equipment and Technology Loan is funded by Développement économique de l'agglomération de Longueuil (DEL), Longueuil City

What are DEL — Equipment and Technology Loan's eligibility criterias?

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

DEL — Equipment and Technology Loan

Last Update: June 26, 2025

Boucherville, QC

Enhance business efficiency through financing equipment and technology investments

DEL — Equipment and Technology Loan at a glance

Eligible Funding

Max. $150,000
Up to 50% of project cost

Timeline

Receipt of requests is now closed

Financing Type

Loans and Capital investments

Eligible Industries

Manufacturing

Grant Providers

Développement économique de l'agglomération de Longueuil (DEL)
Longueuil City

Status

Closed

Overview of the DEL — Equipment and Technology Loan program

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.

Financing terms and conditions

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.

Eligible projects & activities

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.

Examples of admissible projects:

$ 150,000

Purchasing advanced 3D printing equipment for custom prosthetics manufacturing

$ 100,000

Upgrading kitchen facilities with new energy-efficient appliances for a community center

$ 120,000

Purchasing and installing a new ERP software system for inventory management

$ 150,000

Developing a tech-driven recycling plant with new sorting and processing machinery

$ 145,000

Establishing a digital art studio with latest graphic design software and hardware

$ 150,000

Setting up a new solar panel production area with automated machinery

Eligibility criteria of the DEL — Equipment and Technology Loan program

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

Eligibility criteria of the DEL — Equipment and Technology Loan program

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.

How to apply to the DEL — Equipment and Technology Loan program

Initial contact with DEL

Make an appointment with DEL to clarify your financing needs.

Preparation of the request

Gather the financial statements from the last three years and those for the current year.
Write the financial forecasts for the next two years.
Develop a business and revenue model, or a business plan.
Obtain a quotation detailing the project costs.
Prepare the entrepreneur's personal financial statement and a credit report.

Submission of the request

Contact DEL to obtain the formal application file.
Submit all prepared documents to DEL.

Follow-up on the submission

Verify the receipt of your request by DEL.
Respond to any request for additional information from DEL.

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.