Open
DEL — Working Capital Loan
Working capital financing for business operations
Last Update: June 5, 2026
Funding available
$ 150,000
Timeline
- Open Date : July 9, 2024
Location
Boucherville, Brossard, Longueuil, Saint-Bruno-de-Montarville, Saint-Lambert, Montérégie, Quebec, Canada
Overview
Working capital financing up to $150,000 for businesses in the DEL area. It supports first-year operating costs, including hiring key employees, and can be combined with complementary expertise financing.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Develop strategic partnerships
- Attract or retain talent
Eligible Funding
- Maximum amount : 150,000 $
- Up to 50% of project cost
Timeline
- Open Date : July 9, 2024
Eligible candidates
Eligible Industries
- All industries
Location
- Boucherville, Brossard, Longueuil, Saint-Bruno-de-Montarville, Saint-Lambert
- 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
Activities funded
- Working capital financing for the first year of a business project
- Projects that support job creation or job retention
Documents Needed
- Financial statements for the past 3 years and current year
- Financial forecasts for the next 2 years
- Business model and revenue model or business plan
- Entrepreneur’s personal financial statement and credit report
Eligibility
Who is eligible?
- For-profit businesses
- Social economy enterprises
- Businesses in manufacturing, aerospace, life sciences, agri-food, high technology, information and communications technology, transport and logistics, and business services
Who is not eligible
- Businesses in retail or restaurant sectors, except social economy enterprises
- Businesses in excluded sectors listed by DEL
- Businesses registered in the Register of Enterprises Not Eligible for Public Contracts
- Businesses in bankruptcy or insolvency proceedings
Eligible expenses
- Working capital for the first year of the project
- Hiring-related operating costs
Ineligible Costs and Activities
- R&D expenses
Eligible geographic areas
- Longueuil agglomeration
- Boucherville
- Brossard
- Longueuil
- Saint-Bruno-de-Montarville
- Saint-Lambert
Processing and Agreement
- Applications are reviewed by an evaluation committee
- Approval depends on program priorities and available funds
- Applicants receive an electronic acknowledgment within two business days
- A financing agreement must be signed before any payment is made
- DEL may withdraw funding if commitments are not respected or in case of fraud
Additional information
- DEL may request additional financial or project information during review.
- A financing agreement must be signed before funds are disbursed.
- The loan can be repaid early at any time without penalty.
- Collateral may be required.
Frequently Asked Questions about the DEL — Working Capital Loan Program
Here are answers to the most common questions about the DEL — Working Capital 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 — Working Capital Loan?
Working capital financing up to $150,000 for businesses in the DEL area. It supports first-year operating costs, including hiring key employees, and can be combined with complementary expertise financing.
How much funding can be received?
DEL — Working Capital Loan Funds up to 50% of admissible expenses, capped at $150,000 per project.
Who is eligible for the DEL — Working Capital Loan program?
To be eligible for the DEL — Working Capital Loan program, you must:
Legally constituted business
Located or planning to locate in DEL
Eligible B2B industry
What expenses are eligible under DEL — Working Capital Loan?
Working capital financing for the first year of a business project
Projects that support job creation or job retention
Who can I contact for more information about the DEL — Working Capital Loan?
You can contact Développement économique de l'agglomération de Longueuil (DEL).
Where is the DEL — Working Capital Loan available?
The DEL — Working Capital Loan program is available Montérégie, Quebec.
Is the DEL — Working Capital Loan a grant, loan, or tax credit?
DEL — Working Capital Loan is a Loans and Capital investments