ESSOR

Overview of the ESSOR program:

Through ESSOR, Investissement Quebec provides business loans and loan guarantees for investment projects with eligible expenditures of $250,000 or more, or for manufacturing companies, innovative investment projects with eligible expenditures of $100,000 or more.This includes creation of a new business; expansion or modernization of an existing business; implementation of a green procedure or technology; and construction, adaptation, expansion or acquisition of a building designated for R&D. You can get financing to cover 50% of eligible project costs, and the loan guarantee can cover up to 70% of a net loss.

Benefits of the ESSOR program:

• ESSOR is intended for Quebec businesses and its entrepreneurs who, like you, see far and are looking for financing to:
• Accelerate the realization of an investment project
• Increase the productivity of your business through a technological transition or the acquisition of new technologies
• Reduce your company's environmental footprint, particularly through the adoption of clean technologies
• Increase the presence of your Quebec companies in global supply chains by supporting you in internationalization strategies

Eligibility criteria of the ESSOR program:

• It provides eligibility criteria and investment terms, according to the following four components:
• Component 1: Support for the realization of investment projects (feasibility studies and digital diagnosis)
• Component 2: Support for investment projects promoting productivity and business expansion
• Component 3: Support for investment projects promoting a reduction in the environmental footprint
• Component 4: Support for the internationalization of businesses