How much funding can be received?

Get a loans, loan guarantee or capital investment of $50,000 or more for projects involving expansion, exporting, modernization, innovation, buildings and equipment, marketing and more.

grant_single_labels|terms_and_conditions

This grant offers extensive financing solutions to cater to diverse business needs, enabling companies to realize their projects while managing financial health. The financing modalities are designed to be competitive and flexible, covering a wide range of financial products.

Financing can cover up to 100% of project costs, providing businesses the flexibility to conserve cash reserves for ongoing operations.
Competitive rate loans available, either independently or in conjunction with other lenders.
Loan guarantees provided, ensuring reimbursement of net losses to financial institutions for various financial commitments.
Provision of quasi-equity financing in the form of debentures or subordinated debt.
Short- and long-term financing solutions available, with terms extending up to 25 years.
Possibility of deferring principal repayments for up to 24 months to assist in financial management during project execution.
Variable loan guarantee conditions that adjust according to the specific circumstances of the business.
Security may be required depending on the financial arrangement and project needs.

grant_single_labels|projects

This grant is designed to support various business growth initiatives across multiple industries. Eligible projects span a wide range of activities aimed at enhancing operational capacity, market reach, and innovation.

Purchase of machinery or equipment.
Expansion, construction, or modernization of a building.
Entry into a new market.
Refinancing.
Financing of tax credits.
Business succession or transfer by acquiring shares.
Merger or acquisition of businesses.
Acquisition of intangible assets such as trademarks or patents.
Working capital financing.
Marketing of products or services.
Exporting activities.
Innovation projects.

grant_single|admissibleProjectsExample

$ 250,000

Expand factory floor space for increased production

$ 115,000

Purchase specialized machinery for precision manufacturing

$ 50,000

Export Canadian artisan products to Europe from Halifax

$ 150,000

Acquire patented technology to enhance product offerings

$ 60,000

Develop a new market in the United States from Montreal

$ 110,000

Modernize production facilities with new automation technology

grant_single_labels|admissibility

Eligibility for Project Financing by Investissement Québec is primarily determined by the industry in which the business operates.

Eligible businesses must be located in Québec.
Businesses must not operate in the health personnel placement agencies sector.
Businesses must not be accounting firms or operate within finance and insurance industries.
Real estate-related businesses, specifically land subdivision, are generally excluded.
Companies in public relations and media services, excluding advertising agencies, are ineligible.
Legal services providers are excluded.
Certain sectors are subject to restrictions, including agriculture and fishing, cannabis and industrial hemp, private medical clinics, owner-occupant real estate, tourism, and direct B2C consumer sales, including retail.
Agricultural companies that do not qualify for programs by La Financière agricole du Québec may still be eligible.

grant_eligibility_criteria|who_can_apply

All businesses in Québec are eligible to apply for the Project Financing grant with the exception of those operating in certain sectors such as health staffing agencies, accounting firms, cryptocurrency, finance and insurance, real estate (land subdivision), public relations and media services (except for advertising agencies), and legal services. Other sectors like agriculture and fishing, cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, and business-to-consumer sales, including retail, are subject to restrictions unless they are not eligible for programs offered by La Financière agricole du Québec.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.

Health staffing agencies.
Accounting firms.
Cryptocurrency businesses.
Finance and insurance sectors.
Real estate (specifically land subdivision).
Public relations and media services, excluding advertising agencies.
Legal services.
Agriculture (with certain exceptions).
Fishing.
Cannabis and industrial hemp sectors.
Private medical clinics.
Owner-occupied real estate.
Tourism.
Direct-to-consumer sales, including retail.

grant_eligibility_criteria|eligible_expenses

The grant covers specific expenses directly related to the execution and growth of eligible projects.

Purchase of machinery or equipment.
Expansion, construction, or modernization of a building.
Entry into a new market.
Refinancing.
Financing of tax credits.
Business succession or transfer through share acquisition.
Merger or acquisition of businesses.
Acquisition of intangible assets such as trademarks and patents.
Working capital.
Marketing of products or services.
Export activities.
Innovation initiatives.

grant_eligibility_criteria|zone

This financing option is specifically targeted at businesses operating in Québec. Eligible companies are limited to this provincial region.

Businesses established within the province of Québec.

grant_single_labels|criteria

There are specific evaluation and selection criteria for this grant, ensuring that only eligible enterprises can receive the financial support. The following criteria must be met:

Admissibility of the enterprise based in Quebec
Sectoral restrictions (e.g., exclusion of healthcare staffing agencies, accounting firms, cryptocurrency ventures, finance and insurance sectors, real estate development, etc.)
Potential impositions on other sectors such as agriculture, fishing, cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, and direct-to-consumer sales including retail
Alignment of the project with growth-oriented activities such as machinery and equipment acquisition, building expansion or modernization, new market implementation, refinancing, tax credit financing, business succession or transfer by share acquisition, mergers and acquisitions, acquisition of intangible assets, working capital, product or service commercialization, exportation, and innovation

grant_single_labels|register

Step 1: Evaluate Eligibility
Determine if your business operates within Quebec.
Ensure your business is not in the excluded sectors: health personnel agencies, accounting firms, cryptocurrency, finance and insurance, real estate, public relations and media services (except advertising agencies), legal services.
Check if your project falls within the types of projects eligible for funding (e.g., machinery purchase, building construction, market expansion, etc.).
Step 2: Project Planning
Clearly define the project scope, objectives, and financial requirements.
Develop a detailed project plan, including timelines and expected outcomes.
Step 3: Prepare Financial Documents
Gather necessary financial statements and documents.
Prepare projections and budgets related to the project costs.
Ensure you have an understanding of your current liquidity and financial health.
Step 4: Application Preparation
Fill out the required application forms provided by Investissement Québec.
Prepare supporting documentation (financial statements, business plan, project details).
Step 5: Submit Application
Submit the completed application and all supporting documents to Investissement Québec.
Be prepared to answer any follow-up questions or provide additional information if requested.
Step 6: Await Approval
Wait for Investissement Québec to review the application.
Respond promptly to any requests for additional information.
Attend any required meetings or site visits conducted by Investissement Québec.
Step 7: Receive Funding
Upon approval, receive the agreed funding as per the terms and conditions.
Use the funds as specified within the project plan.
Step 8: Project Reporting and Compliance
Monitor project progress and financials according to the plan.
Submit any required progress reports or financial documentation to Investissement Québec.
Ensure compliance with all terms and conditions stipulated in the funding agreement.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

Minimum financing amount is $50,000.
Financing can be short-term or long-term, with terms extending up to 25 years.
A moratorium on principal repayment for up to 24 months is possible.
Loan guarantees come with variable conditions based on the business's specific context.
Security may be required as part of the loan agreement.
Financing can cover up to 100% of the project's costs, allowing businesses to preserve operational liquidity.

grant_single_labels|documents

Project Financing

grant_single_labels|contact

1-844-474-6367

Apply to this program

Comprehensive Project Financing for Quebec Businesses

Investissement Québec offers tailored financial support covering up to 100% of project costs, helping Quebec-based SMEs and large enterprises with a variety of projects from machinery purchases to market expansion.

Detailed Overview of Investissement Québec's Project Financing Grant

In today's competitive business landscape, securing the right type of funding for your business projects is crucial. This is especially true for companies looking to expand, innovate, or simply stay afloat amid economic challenges. Investissement Québec's project financing grant offers a lifeline for Quebec-based SMEs and large enterprises alike. This detailed guide aims to provide a comprehensive understanding of the grant, its benefits, eligibility criteria, and how it can be a game-changer for your business. Why Investissement Québec?

Investissement Québec is a financial arm of the government of Quebec, designed to provide tailored financial support that meets the distinctive needs of businesses operating within the province. The grant aims to empower entrepreneurs by providing flexible funding solutions. Whether you're aiming for growth, innovation, or market expansion, Investissement Québec has instruments to support varied business needs. Financial Offerings

Investissement Québec offers several financial instruments designed to support different aspects of your business. Here are the main features:

Prêt à tarif concurrentiel: Competitive rate loans that help mitigate financial burden.
Prêt en partenariat avec d’autres prêteurs: Loans in partnership with other financial institutions provide added security and options.
Garantie de prêt: Loan guarantees that cover the net loss suffered by the lending institution, providing an extra layer of security for short-term financial commitments.
Quasi-capitaux propres (“quasi-equity”): This includes debentures or subordinated debt, acting as a bridge between debt and equity financing.

Coverage and Flexibility

One of the standout features of this grant is its extensive coverage options. Investissement Québec can cover up to 100% of your project costs, which means you can preserve your operational liquidity while your project is executed. This level of coverage is especially beneficial for high-cost projects, allowing businesses the financial breathing room to focus on their core operations. The funding is also highly adaptable, with variables tailored to fit the unique needs of each business. Here are some key benefits:

Maximum coverage: Can cover up to 100% of project costs.
Flexible loan guarantees: Terms are adjustable depending on the business situation.
Short and long-term options: Financing terms can range up to 25 years, making it suitable for various kinds of investments.
Repayment moratorium: Capital repayment can be deferred for up to 24 months, offering initial financial relief.
Security requirements: Depending on the financial product, securities may be required but are designed to be reasonable and manageable.

Eligible Projects

The grant covers an extensive array of projects, ensuring that almost all types of business initiatives could find financial support through Investissement Québec. Some of the commonly funded projects include:

Machinery and Equipment: Funding for the purchase of new machinery and equipment to enhance production capabilities.
Building Expansion and Modernization: Financial aid for the expansion, construction, or modernization of facilities.
Market Expansion: Funds to support the launch into new markets, both domestic and international.
Refinancing: Financial restructuring to improve working capital or manage existing debt more efficiently.
Tax Credit Financing: Access to funds based on anticipated or current tax credits.
Business Transfers: Support for the succession or transfer of businesses, including the acquisition of shares.
Mergers and Acquisitions: Financial backing for business mergers or acquisitions.
Intangible Assets Acquisition: Funding for acquiring non-physical assets like trademarks and patents.
Working Capital: Boosts to routine operational funds.
Product or Service Commercialization: Support for bringing new products or services to market.
Exportation: Financial aids to enter and sustain a presence in international markets.
Innovation: Investment in innovative projects or processes to drive business growth.

Exclusions

Despite the broad coverage, certain sectors are excluded or have specific restrictions. Businesses in the following sectors are generally ineligible:

Health staffing agencies
Accounting firms
Cryptocurrency operations
Finance and insurance
Real estate (land development)
Public relations and media services (except advertising agencies)
Legal services

Additional restrictions may apply to sectors like agriculture, fishing, cannabis and industrial hemp, private medical clinics, owner-occupied real estate, tourism, and B2C sales, including retail. Eligibility Criteria

The eligibility criteria are relatively straightforward. All businesses based in Quebec are eligible unless they fall into the excluded categories. However, it’s essential to ensure that your project aligns with the goals of the grant to stand a better chance of securing funding. How to Apply

The application process for Investissement Québec’s project financing grant is streamlined to make it accessible for as many businesses as possible. Here’s a step-by-step guide to help you navigate the process:

Prepare Your Proposal: Detail your business plan, project scope, and financial requirements.
Consult With Investissement Québec: Engage with their advisory services to assess the suitability of your project for the grant.
Submit Your Application: Fill out the necessary forms and submit them along with the required documentation, including financial statements, business plans, and other pertinent info.
Review and Approval: Await the review process, which may include additional consultations or requests for further information.
Receive Funding: Upon approval, receive your funding and start the implementation of your project.

The Long-Term Benefits

Securing funding from Investissement Québec not only provides immediate financial relief but also positions your business for long-term success. Here’s how:

Enhanced Financial Stability: With up to 100% project cost coverage, your operational liquidity remains intact.
Growth Potential: Funding for expansion, innovation, and market entry projects helps scale your business.
Improved Creditworthiness: Successful funding and project completion can enhance your business's credit profile.
Community and Economic Impact: Investment in local businesses contributes to the broader economic health of Quebec.

Conclusion

Investissement Québec’s project financing grant represents a versatile and robust financial resource for SMEs and large enterprises in Quebec. By offering a range of financial products designed to cover up to 100% of project costs, the grant allows businesses to pursue growth, innovation, and market expansion without compromising their operational liquidity. Understanding the eligibility criteria, the types of projects funded, and how to apply can help your business take full advantage of this exceptional opportunity. Ultimately, securing this grant can pave the way for sustainable growth and long-term success in an increasingly competitive market.