Is your business growing? Would you like to make an investment? We have a solution that will help you realize your greatest ambitions.
This program is administered jointly by Investissement Québec and the Ministère de l’Économie, de la Science et de l’Innovation.
ESSOR is for ambitious entrepreneurs like you, who are looking to the future and seeking financing so they can carry out a substantial long-term development project.
Capital asset projects with eligible expenditures of $250,000 or more *
Projects that do not involve capital asset expenditures
* For the Nord-du-Québec region and part of the Côte-Nord region, namely the municipalities and Aboriginal reserves located in Caniapiscau Regional County Municipality and the Basse-Côte-Nord territory, business projects with eligible expenditures of less than $250,000 may be considered.
* The eligibility terms and conditions for tourism projects may vary.
ESSOR covers up to 50% ** of project costs. ESSOR provides the cash flow you need to carry out your investment projects while maintaining your regular operations.
** Financial assistance may amount to 55% in the case of projects carried out by eligible companies benefiting from the increase of 30% or more in the Québec government’s investment tax credit for the acquisition of manufacturing and processing equipment (ITC).
We understand that every situation is unique. That’s why we offer flexible terms and conditions that are adapted to your needs.
A loan or loan guarantee
Financial products adapted to your needs
Financial assistance covering up to 50% of project costs (up to 55 % in certain cases)
The opportunity to carry out your investment projects while retaining your liquid assets for use in your ongoing operations
A loan guarantee covering as much as 70% of a net loss
The possibility of obtaining additional cash faster and more easily
A financing term of up to 10 years
A flexible term, depending on the asset’s useful life
Possible deferral of principal repayment
The benefit of having cash available while awaiting project completion
Your business is eligible if it is a for-profit company, cooperative or social economy enterprise with commercial activities and if it is active in one of the following industries:
*** The eligibility terms and conditions for tourism projects may vary.
Contact one of our advisors at
1 844 474-6367 to find out more.