Small Business Financing in Quebec: A Comprehensive Guide
Small business financing in Quebec is a crucial element for entrepreneurs seeking to start, grow, or sustain their businesses in the province. Whether you're launching a new project or expanding an existing business, having access to the right financing options can make all the difference. Quebec offers a wide range of funding solutions, including loans, government grants, and specialized financial assistance programs aimed at helping businesses succeed in various industries. These options not only provide the necessary capital but also promote innovation, economic development, and job creation.

Ville de La Tuque — RRF stream 2 - Support for local and regional development skills
Ville de La Tuque- Maximum amount : 25,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Retail trade
- Professional, scientific and technical services

MTRIC — PARTENAR-IA — Academic
Metal Transformation Research and Innovation Consortium (MTRIC)- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- Mining, quarrying, and oil and gas extraction
- Manufacturing

MRC Collines-de-l'Outaouais — FRR Stream 2
MRC des Collines-de-l'Outaouais- Up to 80% of project cost
- Arts, entertainment and recreation

MRC La Matanie — Grant and Sponsorship Program
MRC La Matanie- Maximum amount : 250,000 $
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)

MRC L'Islet — SME Propulsion Measurement
MRC de L'Islet- From $3,000 to $25,000
- Up to 35% of project cost
- Manufacturing
- Accommodation and food services

MRC Bellechasse — Social Economy Enterprise Development Fund (FDEÉS)
MRC de Bellechasse- Maximum amount : 50,000 $
- Up to 80% of project cost
- Health care and social assistance

MRC La Vallée-de-l’Or — Regions and Rurality Fund – Component 3 – Market Gardening Program
MRC La Vallée-de-l'Or- Maximum amount : 150,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

MRC Fjord-du-Saguenay — Development Optimisation Fund
MRC Fjord-du-Saguenay- From $2,000 to $3,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Wholesale trade

Support program for the development of reserved designations and promotional terms — Component 2
Ministry of Agriculture, Fisheries and Food (MAPAQ)- Minimum amount : 5,000 $
- Up to 75% of project cost
- Agriculture, forestry, fishing and hunting

MRC Caniapiscau — FDE
MRC de Caniapiscau- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Information and cultural industries

MRC La Matanie — Local Investment Funds
MRC La Matanie- Maximum amount : 250,000 $
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration

Musicaction — Skills development
Musicaction- Maximum amount : 75,000 $
- Up to 75% of project cost
- Arts, entertainment and recreation

MRC Kamouraska — Regional Outreach Support Program (FRR-1)
MRC Kamouraska- Maximum amount : 50,000 $
- Up to 50% of project cost
- Accommodation and food services

Support program for economic development projects (PAPDE) — Component 1 : Supporting the development of entrepreneurship
Gouvernement du Québec- Maximum amount : 1,000,000 $
- Up to 60% of project cost
- All industries

MRC Marguerite-D'Youville — Business Support Fund – Stream 2
MRC de Marguerite-D'Youville- Maximum amount : 10,000 $
- Up to 20% of project cost
- Health care and social assistance
- Other services (except public administration)
- Public administration

MRC Portneuf — Capitale-Nationale Region Fund (FRCN)
MRC Portneuf- Maximum amount : 100,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Administrative and support, waste management and remediation services

MRC La Jacques-Cartier — Capitale-Nationale Region Fund
MRC La Jacques-Cartier- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

MRC Kamouraska — Support Program for Innovative Projects for Cultural Development and Community Animation
MRC Kamouraska- Maximum amount : 4,000 $
- Arts, entertainment and recreation

Fund to stimulate international business tourism – Stream 1 - Produce a bid book or business plan
Gouvernement du Québec- From $5,000 to $200,000
- Up to 50% of project cost
- Arts, entertainment and recreation

MRC Pontiac — FRR Stream 1
MRC Pontiac- Maximum amount : 1,000,000 $
- Up to 50% of project cost
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Accommodation and food services

Support for mobilising projects
Investissement Québec (IQ)- Maximum amount : 500,000 $
- Up to 50% of project cost
- All industries

Open Innovation Subsidy Program for start-up companies
City of Montreal (MTL)- Maximum amount : 50,000 $
- Up to 50% of project cost
- Transportation and warehousing
- Information and cultural industries
- Health care and social assistance
- Accommodation and food services

MRC de Mékinac — FRR Stream 4
MRC de Mékinac- Maximum amount : 100,000 $
- Up to 50% of project cost
- Retail trade
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation

MRC Nicolet-Yamaska — Regional development fund (FRR volet 2)
MRC Nicolet-Yamaska- No Condition
- All industries

PME MTL — Subsidies to support social economy initiatives
PME MTL- From $5,000 to $50,000
- Up to 80% of project cost
- All industries
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MRC Papineau — Digital Transformation and Development Fund (FADN)
MRC Papineau- Maximum amount : 5,000 $
- Up to 50% of project cost
- Information and cultural industries

Productivity - Small commercial companies
Quebec City- From $15,000 to $25,000
- Up to 35% of project cost
- All industries

MRC L'Islet — Local Services Development Fund
MRC de L'Islet- Maximum amount : 25,000 $
- Up to 50% of project cost
- Retail trade
- Educational services
- Health care and social assistance

MRC La Matanie — Community Development Program - Special Collaborations Stream
MRC La Matanie- Maximum amount : 250,000 $
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration

Regions and Rurality Fund (RRF) - Component 2 - Support for local and regional development skills
Gouvernement du Québec- No Condition
- All industries

Innovation in Quantum Technologies — Stream 1
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)- Maximum amount : 150,000 $
- Up to 50% of project cost
- Professional, scientific and technical services

MRC Bécancour — Social Economy Fund (SEF)
MRC Bécancour- No Condition
- Manufacturing
- Retail trade
- Other services (except public administration)
- Public administration

MRC Charlevoix-Est — Business Support
MRC Charlevoix-Est- Maximum amount : 150,000 $
- Up to 50% of project cost
- All industries

Musicaction — Canvassing
Musicaction- Maximum amount : 10,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

PME MTL — New Community Businesses
PME MTL- From $23,000 to $23,000
- All industries

MRC Nicolet-Yamaska — Signature project (FRR part 3)
MRC Nicolet-Yamaska- No Condition
- Agriculture, forestry, fishing and hunting

PME MTL — Funds for Retail businesses
PME MTL- Maximum amount : 25,000 $
- Up to 80% of project cost
- Retail trade

Rio Tinto Aluminium Valley Fund
Société de la Vallée de l’Aluminium (SVA)- Maximum amount : 25,000 $
- Up to 50% of project cost
- Manufacturing

Developing a green alley or public space in CDN-NDG
City of Montreal (MTL)- No Condition
- Other services (except public administration)
- Public administration

Sustainable Growth Investment — Young Entrepreneurs
La Financière agricole (FADQ)- Maximum amount : 45,000 $
- Agriculture, forestry, fishing and hunting

Musicaction — Incubator project
Musicaction- No Condition
- Arts, entertainment and recreation

Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 2
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)- Maximum amount : 350,000 $
- Up to 30% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

innovÉÉ — PARTENAR-IA — Industry
innovÉÉ- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Construction
- Manufacturing

Tremplin Grant – Indigenous Arts
Conseil des arts de Montréal- Maximum amount : 3,000 $
- Up to 100% of project cost
- Arts, entertainment and recreation

CMF-SODEC — Predevelopment Program for Television Series Based on Literary Adaptations
Canada Media Fund (CMF)- Maximum amount : 50,000 $
- Up to 75% of project cost
- Information and cultural industries

Podium Mines
Sous-traitance industrielle Québec (STIQ)- From $20,000 to $50,000
- Mining, quarrying, and oil and gas extraction
- Manufacturing

Program to support the processing of end-of-life tires through reuse, recycling and energy recovery, as well as out-of-province processing.
Recyc-Québec- No Condition
- Administrative and support, waste management and remediation services

MEDTEQ+ — PARTENAR-IA — Academic
Consortium de recherche et d’innovation en technologies médicales du Québec- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- Transportation and warehousing
- Health care and social assistance

Val-Saint-François — Eco-responsible fund
Val-Saint-François RCM- From $500 to $5,000
- Up to 75% of project cost
- Other services (except public administration)
- Public administration

CQRDA — PARTENAR-IA — Business
Centre québécois de recherche et de développement de l’aluminium (CQRDA)- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Construction
- Manufacturing
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PME MTL — Social Initiatives
PME MTL- From $5,000 to $50,000
- All industries

Honorific grants 2024 — Entreprendre ici
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)- Maximum amount : 25,000 $
- All industries

Capitalization of Social Economy Enterprises (CAES) — Stream 1
Investissement Québec (IQ)- From $25,000 to $1,000,000
- Up to 35% of project cost
- Other services (except public administration)
- Public administration

INNOGEC
City of Montreal (MTL)- No Condition
- All industries

Support Policy For Businesses
City of Trois-Rivières- Maximum amount : 40,000 $
- Up to 80% of project cost
- Manufacturing
- Professional, scientific and technical services
- Arts, entertainment and recreation
- Accommodation and food services

PRIMA — INNOV-R SME
Advanced Materials Research and Innovation Hub (PRIMA)- Maximum amount : 450,000 $
- Up to 50% of project cost
- Utilities
- Manufacturing
- Transportation and warehousing
- Professional, scientific and technical services

MRC Beauce-Centre — E-commerce assistance program
MRC Beauce-Centre- Maximum amount : 10,000 $
- Up to 50% of project cost
- Retail trade
- Other services (except public administration)
- Public administration

Évolution-Compétences — Innovation and knowledge component
Commission des partenaires du marché du travail (CPMT)- Up to 100% of project cost
- All industries

Musicaction — Artist career, skills and business development
Musicaction- Maximum amount : 100,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

Revitalising and developing business establishments in the city centre
City of Trois-Rivières- Maximum amount : 30,000 $
- Up to 50% of project cost
- Retail trade

Programme d’appui au développement des secteurs stratégiques et des créneaux d’excellence (PADS)
UAS Centre of Excellence- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- Manufacturing

Financial assistance program for regional service units in the areas of recreation, sports, outdoor activities, and physical activity (PAFURS)
Gouvernement du Québec- Up to 100% of project cost
- Educational services
- Arts, entertainment and recreation

MAPAQ — Ministerial Initiative for Plant Productivity
Ministry of Agriculture, Fisheries and Food (MAPAQ)- From $5,000 to $50,000
- Up to 45% of project cost
- Agriculture, forestry, fishing and hunting

EPRTNT — Digital development of a company
Tourisme Cantons-de-l'Est- From $10,000 to $30,000
- Up to 30% of project cost
- Accommodation and food services

CQDM — PARTENAR-IA — Industry
Quebec Consortium for Drug Discovery (CQDM)- Maximum amount : 1,500,000 $
- Up to 35% of project cost
- All industries

Musicaction — International Commercialization – Stream 2 - Career development in a target market
Musicaction- Maximum amount : 50,000 $
- Up to 50% of project cost
- Arts, entertainment and recreation

Aero Montreal — Accelerator 360°
Aéro Montreal- Up to 63% of project cost
- Manufacturing
- Transportation and warehousing

Official Languages Economic Development Initiative in Quebec — Not-for-profit
Canada Economic Development for Quebec Regions (CED)- Up to 50% of project cost
- Other services (except public administration)
- Public administration

MTRIC — Start Program
Metal Transformation Research and Innovation Consortium (MTRIC)- Maximum amount : 10,000 $
- Up to 70% of project cost
- Manufacturing

Ville de La Tuque — RRF stream 4 - Support for vitality
Ville de La Tuque- Maximum amount : 100,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Retail trade
- Accommodation and food services
- Other services (except public administration)

CQRDA — PARTENAR-IA — Academic
Centre québécois de recherche et de développement de l’aluminium (CQRDA)- Maximum amount : 1,500,000 $
- Up to 40% of project cost
- Manufacturing
- Professional, scientific and technical services

innovÉÉ — Demonstration in a real environment
innovÉÉ- Maximum amount : 350,000 $
- Up to 50% of project cost
- Transportation and warehousing

Transal — Alu 4.0, Digital Locomotive
Transal- Maximum amount : 400,000 $
- Up to 46.3% of project cost
- Manufacturing

Transal — Consortium TIC
Transal- Up to 15% of project cost
- Manufacturing

SODEC — Support for entrepreneurial development — Stream 1
Société de développement des entreprises culturelles (SODEC)- Maximum amount : 75,000 $
- Up to 50% of project cost
- Information and cultural industries

Enbridge Gas Quebec — Cash incentives – Effective renovation
Enbridge Gas Quebec- No Condition
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration

PROMPT — PARTENAR-IA
PROMPT- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- Professional, scientific and technical services
- Educational services
- Health care and social assistance

PRIMA — PARTENAR-IA — Academic
Advanced Materials Research and Innovation Hub (PRIMA)- Maximum amount : 500,000 $
- Up to 50% of project cost
- Manufacturing

The Artificial Intelligence innovation funding program (PIIA) - Part 2 : SMEs
PROMPT- Maximum amount : 350,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Other services (except public administration)