This new emergency funding measure provides ad hoc and exceptional support for businesses affected by the repercussions of COVID-19.
This financial assistance is available to businesses operating in Québec, including cooperatives and other social economy enterprises with commercial activities. Eligible businesses are those that find themselves in a precarious situation and temporary difficulty as a result of COVID-19. They must show that their financial structure offers realistic prospects for profitability. Businesses cannot be under the protection of the Companies’ Creditors Arrangement Act or the Bankruptcy and Insolvency Act.
Businesses must show that their cash flow issues are temporary and that the liquidity shortage stems from:
Applications will be reviewed on a case-by-case basis, according to the business’s circumstances and Investissement Québec’s management practices.
All industries are eligible, except for the following:
Special conditions may apply.
Should you have any general questions about the Concerted Temporary Action Program for Businesses (PACTE), contact our call centre at 1-844-474-6367.
Our customer service centre will be pleased to provide you with more information about the program.
Please note, however, that in the current COVID-19 situation, your financial institution is in the best position to assess the options best suited to your business. You should therefore contact the account manager at your financial institution first. This will be a key step allowing you to identify, with your account manager, the relief measures to which you may be entitled (i.e., deferral of principal payment) for your cash flow plan.
For any other situation
For any other specific questions regarding financing that you already have with Investissement Québec, please contact your account manager directly. To find your account manager’s contact information, please refer to our online directory.