Microcrédit Montréal — Loans for entrepreneurs

Q: How much funding can be received?

Microcrédit Montréal — Loans for entrepreneurs Funds up to 50000% of admissible expenses.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the Microcrédit Montréal — Loans for entrepreneurs a grant, loan, or tax credit?

Microcrédit Montréal — Loans for entrepreneurs is a Loans and Capital investments

Q: Who are the financial supporters of the Microcrédit Montréal — Loans for entrepreneurs?

Microcrédit Montréal — Loans for entrepreneurs is funded by MicroEntreprendre, Montréal Microcredit

Q: Who is eligible for the Microcrédit Montréal — Loans for entrepreneurs program?

To be eligible for the Microcrédit Montréal — Loans for entrepreneurs program, you must: • Be aged 18 years or older. • Lack access to traditional financial services or credit. • Have a business idea or project.

Q: Who can I contact for more information about the Microcrédit Montréal — Loans for entrepreneurs?

You can contact MicroEntreprendre.

Q: Where is the Microcrédit Montréal — Loans for entrepreneurs available?

The Microcrédit Montréal — Loans for entrepreneurs program is available the province of QC.

Q: Are startups eligible for the Microcrédit Montréal — Loans for entrepreneurs program?

Yes, startups are eligible to apply for the Microcrédit Montréal — Loans for entrepreneurs program.

Last Update: July 22, 2025

Montréal, QC

Microcredit for Quebec entrepreneurs

At a glance

Eligible Funding

From $500 to $50,000

Timeline

Open Date : November 14, 2019

Financing Type

Loans and Capital investments

Eligible Industries

Information and cultural industries
Other services (except public administration)

Funds Providers

Montréal Microcredit

MicroEntreprendre

Program status

Open

Overview

Quebec entrepreneurs who are unable to obtain financing in conventional financing networks can obtain loans of $2 000 to $20,000 and support.

Financing terms and conditions

This grant provides various financing options to meet the diverse needs of entrepreneurs, from start-ups to business expansions. The funding modalities are designed to ensure ease of access and flexibility in financial management.

Nano-loans not exceeding $2,000, available under certain conditions.
Microcredit financing up to $20,000 for business start-up or development purposes.
Bridge loans to address temporary liquidity deficits, supporting non-profits while awaiting core funding.
Start-up loans with zero or affordable interest rates without the requirement for collateral or guarantees, contingent on the viability of the business.
Flexible eligibility that includes options for those without access to traditional financial services.

Activities funded

Starting a new business venture with the support of a business plan.
Developing an existing business to enhance operations or enter new markets.
Consolidating business activities to ensure sustainability and efficiency.
Participation in tailored training programs to enhance entrepreneurial skills.
Engagement in workshops to develop management and administrative capabilities.

Examples of admissible projects:

$ 15,000

Establishing a community garden focusing on urban agriculture education

$ 16,000

Starting a mobile pet grooming service using eco-friendly products

$ 18,000

Opening a specialty coffee shop, focusing on sustainable and fair-trade products

$ 18,000

Opening a zero-waste grocery store to promote sustainable living

$ 18,000

Launching an online platform for local artisans to sell handmade goods

$ 20,000

Developing a mobile app for mental health tracking

Eligibility

Eligibility for this grant is determined by specific requirements that must be met by the entrepreneur or their project.

The applicant must be aged 18 years or older.
The applicant must not have access to traditional financial services or credit.
The applicant must have a business idea or project.
The applicant must attend an initial information or welcoming session.
The applicant must accept the local support offered by MicroEntreprendre members.

Who is eligible?

Individuals aged 18 and over who lack access to conventional financial services or credit and have a business idea or project can apply. Applicants must also attend an introductory meeting and agree to the proximity support offered by MicroEntreprendre members.

Eligible expenses

The grant supports various activities aimed at assisting aspiring and current entrepreneurs in Quebec. It focuses on providing training, financial support, and mentorship to aid in the successful launch and development of business ventures.

Individualized monitoring and technical support for business setup and overcoming operational challenges.
Development of a formal business plan with guidance from microcredit advisors.
Participation in individual or group workshops to enhance management skills.
Access to educational programs covering communication, marketing, administration, and management.
Personalized coaching tailored to the entrepreneur's individual needs.
Opportunities for networking through training and social events.
Mentorship from experienced entrepreneurs to share knowledge and insights.
Flexible microcredit financing options for business projects, including nano-loans and bridge loans.
Zero or low-interest personal loans for startup entrepreneurs based on business viability.

Eligible geographic areas

This grant is accessible to entrepreneurs in the 17 regions of Québec supported by MicroEntreprendre's mobilized organizations. The geographical areas are defined to enhance entrepreneurial development across these areas.

Regions within Québec served by MicroEntreprendre.

Selection criteria

There are evaluation and selection criteria for this grant. Applicants must:

Be 18 years old or older
Not have access to traditional financial services or credit
Have a business idea or project
Attend an orientation or information session
Accept the close support offered by MicroEntreprendre members

How to apply

Attend an information session

Participate in an information session organized by the local organization.

Preparation of the file

Develop a detailed and comprehensive business plan.
Prepare the necessary budget forecasts.

Submission of the file

Submit the file, including the business plan and budget forecasts, to the organization.

Presentation to the loan committee

Present the file to the loan committee for evaluation.

Granting of the loan

Receive the committee's decision regarding the loan approval.
Negotiate and accept the terms of the loan if approved.

Proximity support

Benefit from support throughout the duration of the loan repayment.

Additional information

Here are additional relevant details for this grant:

The grant is designed to support entrepreneurs who may not have access to conventional financing sources.
Applicants are encouraged to contact a regional organization to understand specific benefits and opportunities available to them.
The offered support includes both financial assistance through microcredit and comprehensive entrepreneurship guidance.
MicroEntreprendre's network includes volunteers who assist with operational setups and addressing specific technical challenges.
Coaching and mentorship are integral parts of the support, aimed at providing personalized advice tailored to individual entrepreneurial needs.

Documents and links

Microcrédit Montréal — Loans for entrepreneurs

Apply to this program

Frequently Asked Questions about the Microcrédit Montréal — Loans for entrepreneurs Program

Here are answers to the most common questions about the Microcrédit Montréal — Loans for entrepreneurs. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Microcrédit Montréal — Loans for entrepreneurs?

How much funding can be received?

What expenses are eligible under Microcrédit Montréal — Loans for entrepreneurs?

This grant supports entrepreneurs in Quebec by providing various forms of financial assistance and development resources. Eligible projects include those that focus on starting, developing, or consolidating a business. Starting a new business venture with the support of a business plan. Developing an existing business to enhance operations or enter new markets. Consolidating business activities to ensure sustainability and efficiency. Participation in tailored training programs to enhance entrepreneurial skills. Engagement in workshops to develop management and administrative capabilities.