DEL — Equipment and Technology Loan
Last Update: July 22, 2025
Boucherville, QC
Enhance business efficiency through financing equipment and technology investments
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
Program status
Closed
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.
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.
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.
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
- 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
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.
How to apply
1
Initial contact with DEL
Make an appointment with DEL to clarify your financing needs.
2
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.
3
Submission of the request
- Contact DEL to obtain the formal application file.
- Submit all prepared documents to DEL.
4
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.
Apply to this program
Frequently Asked Questions about the DEL — Equipment and Technology Loan Program
Here are answers to the most common questions about the DEL — Equipment and Technology 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 — Equipment and Technology Loan?
How much funding can be received?
What expenses are eligible under DEL — Equipment and Technology Loan?
What is the deadline to apply?
Is the DEL — Equipment and Technology Loan a grant, loan, or tax credit?
Who are the financial supporters of the DEL — Equipment and Technology Loan?
Who is eligible for the DEL — Equipment and Technology Loan program?
Who can I contact for more information about the DEL — Equipment and Technology Loan?
Where is the DEL — Equipment and Technology Loan available?
Apply to this program