A Financing Corporation
Financial Products

ESSOR

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 et de l’Innovation.

Investment Component

ESSOR – for Fast-Growing Companies!

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.

Investment projects with eligible expenditures of $250,000 or more *

Creation of a new business
Expansion or modernization of an existing business

For manufacturing companies, innovative investment projects with eligible expenditures of $100,000 or more

* 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.

* However, investment projects carried out by distributors, retail businesses and wholesale businesses and involving the acquisition of equipment and software may be eligible, subject to certain conditions.

Did you know?

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.

ESSOR, the Adaptable Solution

We understand that every situation is unique. That’s why we offer flexible terms and conditions that are adapted to your needs.

WE OFFER

YOU GET

A loan or loan guarantee

Financial products adapted to your needs

Financial assistance covering up to 50% of project costs

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

Eligibility Criteria
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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:

manufacturing;
high-value-added services, namely:

software publishing;
animation and special effects studios;
data centres;
customer contact centres;
environmental services;
industrial design and creation services;
industrial and scientific services laboratories;
private research centres;
value-added distribution centres;

retail and wholesale businesses and distributors engaged in value-added activities
businesses located in the Nord-du-Québec region, north of the 50th parallel, whose operations are related to retail and wholesale trade;
tourist accommodations (subject to certain restrictions).