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Concerted temporary action program for businesses


For businesses whose liquidity is affected by the repercussions of COVID-19

This new emergency funding measure provides ad hoc and exceptional support for businesses affected by the repercussions of COVID-19.

Eligible Businesses

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. 

Eligible Projects

Businesses must show that their cash flow issues are temporary and that the liquidity shortage stems from:


  • A problem involving the supply of raw materials or products (goods or services)
  • An inability, or a substantially decreased ability, to deliver goods, products or services

Applications will be reviewed on a case-by-case basis, according to the business’s circumstances and Investissement Québec’s management practices.

Eligible Industries

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.

Details of Financial Assistance

  • A loan guarantee is the preferred form of financing. Financing can also take the form of a loan from Investissement Québec.
  • Investissement Québec aims to work in close cooperation with financial institutions and federal authorities in order to share risks
  • For a line of credit guarantee, the guarantee is only applicable in the following specific conditions:
    • New lines of credit
    • Increases to existing lines of credit. In such case, Investissement Québec only guarantees the portion of the increase, based on the agreed upon collateral rate.
  • The minimum funding amount is $50,000.
  • Refinancing is prohibited.
  • This measure is designed to shore up the business’s working capital.


Special conditions may apply.

Learn More

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.


March 2020


Contact your expert

André Williot

Client Service Officer

1 844 474-6367