How much funding can be received?

Funds up to 100% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Project Financing?

Project Financing is funded by Gouvernement du Québec, Investissement Québec (IQ)

What are Project Financing's eligibility criterias?

All Québec businesses are eligible, except companies operating in specified industries. Excludes industries such as finance and insurance, and certain real estate activities. Other sectors with primarily individual clients, except for tourism, may not be eligible.

Project Financing

QC, Canada

Project financing for Quebec entrepreneurs

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Loans and Capital investments

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Gouvernement du Québec
Investissement Québec (IQ)

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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.

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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.

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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.

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$ 150,000

Acquire patented technology to enhance product offerings

$ 115,000

Purchase specialized machinery for precision manufacturing

$ 50,000

Export Canadian artisan products to Europe from Halifax

$ 250,000

Expand factory floor space for increased production

$ 60,000

Develop a new market in the United States from Montreal

$ 110,000

Modernize production facilities with new automation technology

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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.

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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.

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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.

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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.

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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.

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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

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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.