Open
Source verified March 4, 2026
Funding available
$ 20,000 - $ 450,000
Deadline
Open continuously
Opened February 16, 2022
Location
Quebec, Canada
Who can apply
This grant is available for both women and men entrepreneurs who are undertaking business growth, acquisition, or transfer projects in most business sectors. Eligible businesses can apply for loans ranging from $20,000 to $450,000, provided they can supply the required documentation such as a business plan, projected financial statements for two years, past financial reports if available, and the most recent interim financial statements. The loan can be used for various purposes including the acquisition of tangible and intangible assets, enhancing working capital, and the development and marketing of products and new services.
See full eligibility
Overview
Get a loan ranging from $20,000 to $450,000 for your business growth, acquisition or transfer project.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Develop a new program or service
- Increase social or community impact
- Develop a new product or service
Eligible Funding
- Maximum amount : 450,000 $
- Minimum amount : 20,000 $
- Up to 5% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Women
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
The Evol Conventional Loan supports initiatives aimed at business expansion and development. It focuses on providing financial solutions for enterprises seeking growth, acquisition, or operational enhancements.
- Acquisition of tangible and intangible assets for business growth.
- Financing working capital related to the business's operations post-loan granting.
- Development and marketing of new products and services for existing businesses.
- Facilitation of business acquisition or transfer projects.
- Purchase and redemption of business shares.
Eligibility
Who is eligible?
This grant is available for both women and men entrepreneurs who are undertaking business growth, acquisition, or transfer projects in most business sectors. Eligible businesses can apply for loans ranging from $20,000 to $450,000, provided they can supply the required documentation such as a business plan, projected financial statements for two years, past financial reports if available, and the most recent interim financial statements. The loan can be used for various purposes including the acquisition of tangible and intangible assets, enhancing working capital, and the development and marketing of products and new services.Eligible expenses
This grant provides financial assistance for businesses looking to expand through various strategic activities. Entrepreneurs can utilize the funding to enhance their operational capabilities and increase their market share.
- Financing the acquisition of tangible and intangible assets.
- Provision of working capital related to business operations post-loan.
- Development and marketing of new and existing products and services.
- Purchase and redemption of business shares.
Selection criteria
There are evaluation and selection criteria for this grant.
- Business plan and/or project summary
- 2-year projected financial statements
- Financial reports for the past 3 years (where possible)
- Most recent interim financial statements
How to apply
- Step 1: Initial Requirements
- Ensure eligibility for the grant by reviewing the types of projects funded, such as acquisition, growth, or transfer projects.
- Prepare a minimum down payment of 5% of the project value to qualify for loan consideration.
- Step 2: Document Preparation
- Prepare a comprehensive business plan and/or project summary outlining the objectives and strategies.
- Create 2-year projected financial statements to showcase future financial performance.
- Gather financial reports for the past 3 years to demonstrate historical financial stability, if possible.
- Compile the most recent interim financial statements to provide current financial status.
- Step 3: Application Submission
- Submit the application, including all required documents, to the relevant granting organization or body.
- Pay the $350 file opening fee to initiate the processing of your application.
- Step 4: Follow-up and Fees
- Be prepared for additional fees related to the analysis and follow-up of the file as part of the application process.
- Anticipate an annual management fee of 1.5% of the loan balance if approved.
Additional information
Here are additional relevant details for this grant:
- The loan amounts range from $20,000 to $450,000.
- A minimum down payment of 5% of the project value is required.
- The maximum amortization period for the loan is 8 years.
- The interest rate is based on a base rate plus a percentage determined by the risk premium associated with the business project.
- There is a possibility of a moratorium at the granting stage and during the loan period, including in cases of parental leave.
- There is a $350 file opening fee.
- An annual management fee of 1.5% of the loan balance is applicable.
- Fees for the analysis and follow-up of the file are applicable.
Frequently Asked Questions about the Evol — Conventional loan Program
What is the Evol — Conventional loan?
Get a loan ranging from $20,000 to $450,000 for your business growth, acquisition or transfer project.
How much funding can be received?
Evol — Conventional loan Funds up to 5% of admissible expenses, capped at $450,000 per project.
Who is eligible for the Evol — Conventional loan program?
To be eligible for the Evol — Conventional loan program, you must:
Most business sectors are eligible for the loan.
Entrepreneurs must provide a business plan and/or project summary.
Applicant must submit 2-year projected financial statements and past 3 years' financial reports, if possible.
What expenses are eligible under Evol — Conventional loan?
The Evol Conventional Loan supports initiatives aimed at business expansion and development. It focuses on providing financial solutions for enterprises seeking growth, acquisition, or operational enhancements. Acquisition of tangible and intangible assets for business growth.
Financing working capital related to the business's operations post-loan granting.
Development and marketing of new products and services for existing businesses.
Facilitation of business acquisition or transfer projects.
Purchase and redemption of business shares.
Where is the Evol — Conventional loan available?
The Evol — Conventional loan program is available the province of Quebec.
Is the Evol — Conventional loan a grant, loan, or tax credit?
Evol — Conventional loan is a Loans and Capital investments
Who are the financial supporters of the Evol — Conventional loan?
Evol — Conventional loan is funded by Evol