Evol — Conventional loan

Q: How much funding can be received?

Evol — Conventional loan Funds up to 5% of admissible expenses, capped at $450000 per project.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the Evol — Conventional loan a grant, loan, or tax credit?

Evol — Conventional loan is a Loans and Capital investments

Q: Who are the financial supporters of the Evol — Conventional loan?

Evol — Conventional loan is funded by Evol

Q: 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.

Q: Where is the Evol — Conventional loan available?

The Evol — Conventional loan program is available the province of QC.

Q: Are women eligible for the Evol — Conventional loan program?

Yes, women are eligible to apply for the Evol — Conventional loan program.

Last Update: July 22, 2025

QC, Canada

Loans for diversified and inclusive Quebec businesses

At a glance

Eligible Funding

From $20,000 to $450,000
Up to 5% of project cost

Timeline

Open Date : February 16, 2022

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

Overview

Get a loan ranging from $20,000 to $450,000 for your business growth, acquisition or transfer project.

Financing terms and conditions

This loan provides variable financing options designed to support business growth, acquisition, or transfer projects with flexible terms and conditions for entrepreneurs. The terms are conditioned by the loan amount, amortization period, and associated risk levels.

Loan amounts range from $20,000 to $450,000.
A minimum down payment of 5% of the project value is required.
Maximum amortization period of up to 8 years.
Interest rate is calculated based on a base rate plus a variable percentage depending on the risk premium of the business project.
A moratorium on payments is possible both at the granting stage and during the loan period.
A $350 file opening fee is applicable.
An annual management fee of 1.5% of the loan balance is charged.
Financing can cover tangible and intangible asset acquisitions, working capital, product or service development, and share purchase or redemption.
Additional fees may apply for file analysis and follow-up.

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.

Examples of admissible projects:

$ 100,000

Launching a mobile app for mental health services

$ 30,000

Development of an online financial education platform for youth

$ 180,000

Launch of a cultural arts centre in the city

$ 180,000

Purchase of advanced machinery for sustainable furniture production

$ 120,000

Expansion of a local organic grocery store

$ 100,000

Upgrading agricultural equipment for a cooperative farm

Eligibility

Eligibility for this loan is determined by meeting several specific financial and business criteria.

The project must have a minimum down payment of 5% of the project value.
The applicant must present a business plan and/or project summary.
2-year projected financial statements must be included with the application.
The applicant should provide financial reports for the past 3 years, when possible, and the most recent interim financial statements.
Most business sectors are eligible.
The applicant must accept fees for analysis and follow-up of the file.

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

Preparation of the required documents

Develop a business plan or project summary.
Prepare projected financial statements for 2 years.
Gather financial reports from the last 3 years, if possible.
Provide the most recent interim financial statements.

Verification of eligibility criteria

Ensure that the company contributes to one or more of the 17 United Nations Sustainable Development Goals as an impact or eco-responsible business.

Calculation of costs and investments

Assess the funding need between $20,000 and $450,000.
Ensure a minimum down payment of 5% of the project value.
Calculate the appropriate file opening fees and account for the loan management fees.

Submission of the request

Gather all prepared and verified documents.
Submit the application to the funding body using the transmission method indicated by the organization (not specified in the context).

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.

Documents and links

Evol — Conventional loan

Apply to this program

Frequently Asked Questions about the Evol — Conventional loan Program

Here are answers to the most common questions about the Evol — Conventional 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.