Loans (preferred loan guarantees) for Quebec companies whose liquidity is affected by COVID-19

ESSOR/Investissement Québec

Type of Funding

Loan

Max Funding

N/A

Region

Provincial

Application Difficuty

Average

Processing Time

Medium (A few weeks)

Province

Quebec

Industry

Other.

Funding Goals

Working capital.
COVID-19 Help.

Demographic

N/A

Incorporated

Yes

Contact

1 844 474-6367

Get A Fast Business Loan

Business location – Canada
Monthly Revenue – $10K +
Time in Business – 6 months +

Funds in 24 hours
$5,000 to $500,000
No hidden fees
No collateral
Applying doesn’t impact credit score

Details

Financial assistance in terms of loans and loan guarantees for Quebec based businesses having trouble with cash flow due to the COVID-19 Coronavirus disease.

Eligibility

All industries are eligible, except for the following:
Weapons manufacturing or distribution
Games of chance and gambling, combat sports, racing and other similar activities
Bars or any establishment where the most of its revenue is earned from alcohol consumption or slot machines
Production and sale of tobacco and drugs along with services related to their use, except for projects involving pharmaceutical-grade products approved by Health Canada and having a DIN, or their ingredients, as well as R&D projects licensed by Health Canada
Any activity whose main purpose is protected by the Canadian Charter of Rights and Freedoms (religion, politics, human rights advocacy, etc.)
Any other activity that may offend public morals.

Similar funding programs

Loan
EDC's capacity to help Canadian entrepreneurs expanded in mid-March with the launch of the $10-billion federal Business Credit Availability Program (BCAP). This program allows EDC to offer Canadian businesses of all sizes the credit they need during the COVID-19 pandemic. We are working in concert with the Business Development Bank of Canada (BDC) and private sector lenders to ensure Canadian companies get support during these uncertain times.
Max Funding N/A
Business Credit Availability Program (BCAP)/EDC
Loan
Working capital loans of up to $2 million with flexible repayment terms such as principal postponements for qualifying businesses plus Reduced rates on new eligible loans and Flexible repayment terms, such as postponement of principal payments for up to 6 months, for existing BDC clients with total BDC loan commitment of $1 million or less
Max Funding $2,000,000.00
Business Credit Availability Program (BCAP)/BDC
Loan
Additional loans of up to $500.000 plus deferral of principal and interest payments to ensure producers, agribusinesses, and food processors have access to the cash flow they need to manage through this challenging time
Max Funding $500,000.00
FCC COVID-19 support program

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