Working capital loan

KEEP A STEADY STREAM OF WORKING CAPITAL FLOWING INTO YOUR BUSINESS

This type of financing covers business operating costs for one year, including expenses related to hiring key employees.

Maximum $250,000

This loan can be combined with conditionally non-repayable financing that may cover 50% of external professional fees related to your project.

Type of help

2 options
- Term or equity loan, repayable over 5 years, or under certain conditions, up to 7 years. Possibility of postponing principal payments for up to 12 months, or under certain conditions, up to 24 months.
- Debenture maturing at between 3 to 5 years, or under certain conditions, up to 7 years, and which may be convertible and backed by stock options.
Collateral may be required for this type of financing
Repayable at any time without penalty

Eligible expenses

Working capital related to the first year of the project, excluding R&D expenses

Interest rate

Competitive and risk-based

Be legally constituted
Be located in the DEL region or plan to be
Operate in an eligible industry and offer value-added services or products generally intended for businesses (B2B)
Submit a project that will help to create and/or maintain jobs
Submit a project for which government financing and DEL financing combined cover a maximum of 50% of the project expenses
Demonstrate that the project is based on realistic financial forecasts demonstrating profitability and growth potential
Provide current financial statements showing 20% equity after the project and ability to repay
Demonstrate that the business and entrepreneur are not in default to the government or its creditors, nor are they the subject of any litigation

DEL can help you find the type of financing that best matches your business needs. Our services are free of charge.

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