
Microcrédit Montréal — Loans for entrepreneurs
- Open continuously
Overview
Quebec entrepreneurs who are unable to obtain financing in conventional financing networks can obtain loans of $2 000 to $20,000 and support.
At a glance
Funding available
- Reduce environmental footprint
- Access new markets
- Launch or market a product/service
- Maximum amount : 50,000 $
- Minimum amount : 500 $
- Open continuously
Eligible candidates
- Information and cultural industries
- Other services (except public administration)
- Montreal
- Montréal
- Quebec
- For-profit business
- Sole proprietorship
- Social economy enterprise
- Non-financial cooperative
- All revenue ranges
- All organization sizes
- Startups
Next steps
Activities funded
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.
Eligibility
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.
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
Frequently Asked Questions about the Microcrédit Montréal — Loans for entrepreneurs Program
What is the Microcrédit Montréal — Loans for entrepreneurs?
How much funding can be received?
Who is eligible for the Microcrédit Montréal — Loans for entrepreneurs program?
What expenses are eligible under Microcrédit Montréal — Loans for entrepreneurs?
Where is the Microcrédit Montréal — Loans for entrepreneurs available?
Is the Microcrédit Montréal — Loans for entrepreneurs a grant, loan, or tax credit?
Who are the financial supporters of the Microcrédit Montréal — Loans for entrepreneurs?
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