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
Official resources
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
Selection criteria
- Alignment with regional priorities
- Financial viability and profitability potential
- Job creation or retention impact
- Ability to repay and sufficient post-project equity
How to apply
- Step 1: Review program details
- Check the current call for projects and application requirements on DEL’s website.
- Confirm that funds are available before applying.
- Step 2: Prepare the application
- Complete the signed electronic application form.
- Gather the required financial and business documents.
- Step 3: Submit the application
- Send the signed electronic application through DEL’s website.
- Step 4: Receive acknowledgment
- Wait for DEL’s electronic acknowledgment of receipt.
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
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