Evol: Conventional start-up loan
Get $20,000 to $100,000 to launch your eco-friendly startup in Quebec. This is a repayable loan with a $350 setup fee and annual management fees, so include these costs in your budget.
Before you spend any money
Ask Evol whether you need approval before you spend any money on the project.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Is this for you?
- You are launching a startup or commercializing a project that is explicitly eco-friendly or supports UN Sustainable Development Goals.
- You need capital for assets or working capital and can contribute a 5% equity outlay.
- You expect to generate significant sales within three months of receiving the funds.
Probably not the right fit if
- You run an established business without a clear eco-friendly or social impact mandate.
- You cannot demonstrate that significant sales will occur within three months of the loan.
- You are unable to provide the required 5% capital contribution for the project.
How much you'd realistically get
Loans range from $20,000 to $100,000.
What may be supported
- Acquisition of tangible and intangible assets
- Working capital for business operations
- Development and marketing of new products and services
- Share purchases or buybacks
How applying works
Effort: moderateYou must prepare a business plan, two-year financial projections, and shareholder CVs. Contact Evol directly to initiate the application.
- 01Prepare your business plan, two-year financial projections, and shareholder curriculum vitae.
- 02Ensure your business meets the eco-friendly or SDG criteria and can demonstrate significant sales within three months.
- 03Contact Evol at 1 844 523-7767 or via https://www.evol.ca/en/contact-us/ to initiate the application.
- 04Submit your documents and wait for approval. Ask Evol how long approval takes and how the loan is paid out.
Who to ask: 1 844 523-7767; https://www.evol.ca/en/contact-us/
Documents commonly required
- Business plan
- Two-year financial projections
- Curriculum vitae of shareholders
What to know before you count on it
- This is a loan that must be repaid. It is not a grant.
- You pay a $350 file set-up fee and an annual loan management fee of 0.40% of the loan balance (minimum $200, maximum $1,800).
- You must prove your business contributes to UN Sustainable Development Goals or is eco-friendly.
- You must show significant sales are expected within three months of the loan being granted.
What are your odds?
Approval depends on meeting the strict eco-friendly or SDG criteria and demonstrating near-term sales potential. Confirm current intake status on the official page.
Frequently asked questions
Is this money free?
No. This is a loan that must be repaid. You also pay a $350 setup fee and annual management fees.
What exactly qualifies as eco-friendly or SDG-aligned?
Your business must offer a solution to a social or environmental issue or commit to integrating sustainable development practices. Confirm specific definitions on the official page.
When do I get the money?
The official page does not say how or when the loan is paid out.
Can I use this for any expense?
It funds tangible/intangible assets, working capital, new product development, and share purchases. It requires a 5% capital outlay from you.
What you can combine it with
Check if this loan can be combined with other funding sources. Confirm on the official page.
Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Page last updated ; status and deadline checked . Source: official program page.