Our
programs

UPDATE

Applications for financial assistance under the Assistance for Businesses in Regions Under Maximum Alert (ABRUMA) were to be submitted no later than March 31, 2022. Please refer to the Government of Quebec website for the latest developments on this program.

This program aims to support, for a limited period, eligible businesses that are experiencing financial difficulties as a result of COVID-19 and that require less than $50,000 in cash.

Eligibility Criteria

The following companies are eligible to the program:

• Companies from all sectors of activity;
• Social economy enterprises, including cooperatives and non-profit organizations engaged in commercial activities.

To be eligible, the business must:

• Have been in operation in Québec for at least one year on the date of application
• Not be under the protection of the Companies’ Creditors Arrangement Act (R.S.C., 1985, c. C-35) or the Bankruptcy and Insolvency Act (R.S.C., 1985, c. B-3)
• Demonstrate the causal link between its financial or operational issues and the COVID-19 pandemic as follows:
  • The company is temporarily closed, is likely to close or is showing signs of closure; and/or
  • The company is in a context of maintaining, consolidating or relaunching its operations.

Conditions

This program comes in the form of loans of up to a maximum of $50,000, at an interest rate of 3% and has a 3-month moratorium period on capital and interest. Borrowers should expect an amortization period of 36 months, excluding the payment moratorium.

Filing an application

To file an application, the entrepreneur will have to submit the Application Form below, along with all the required documentation, by email to info@developpementvs.com.

For any additional information, please contact us at 450 424-2262.