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Microcrédit Montréal — Loans for entrepreneurs
Microloans for entrepreneurs in Montreal
Last Update: April 9, 2026
Funding available
$ 500 - $ 50,000
Timeline
- Open continuously
Location
Montreal, Montréal, Quebec, Canada
Overview
Microloans of $500 to $50,000 support startup, growth, and development projects. The program also offers personalized coaching for entrepreneurs and social economy organizations in Montreal.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Increase production or service capacity
- Complete an acquisition or business transfer
Eligible Funding
- Maximum amount : 50,000 $
- Minimum amount : 500 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Information and cultural industries
- Other services (except public administration)
Location
- Montreal
- Montréal
- Quebec
Legal structures
- For-profit business
- Sole proprietorship
- Social economy enterprise
- Non-financial cooperative
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Startup, growth, consolidation, or purchase of a business
- Development projects for social economy organizations
- Short-term cash-flow support through bridge financing
Documents Needed
- Personal tax notices from the last 3 years
- Business plan
- Market study
- Financial forecasts
- Other documents requested for project analysis
Eligibility
Who is eligible?
- Entrepreneurs in Montreal
- Businesses, cooperatives, and non-profit organizations
- Social economy organizations
- Cultural businesses
Who is not eligible
- Businesses already able to access conventional financing
- Projects outside the excluded sectors
- Applicants who do not meet the program's residence or legal status requirements
Ineligible Costs and Activities
- Export projects
- Technology projects at the pre-startup stage
- Franchise purchases or multi-level sales
- Projects with degrading sexual, religious, or political content
- Projects with negative social or environmental impacts
Eligible geographic areas
- Island of Montreal
- Montreal
- Côte-des-Neiges-Notre-Dame-de-Grâce
- Plateau Mont-Royal
- Outremont
- Ville-Marie
- Westmount
Processing and Agreement
- Eligibility is checked first.
- Applicants receive the next steps by email.
- The dossier is reviewed and analyzed.
- The project is presented to the investment committee.
- The loan contract is signed before funding is granted.
- Ongoing follow-up and support are provided during repayment.
Additional information
- All steps are mandatory.
- After eligibility is verified, next steps are sent by email.
- The process may take up to 6 weeks after all documents are received.
- Free tools are available to help prepare a business plan and financial forecasts.
Documents and links
Contacts
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?
Microloans of $500 to $50,000 support startup, growth, and development projects. The program also offers personalized coaching for entrepreneurs and social economy organizations in Montreal.
How much funding can be received?
Microcrédit Montréal — Loans for entrepreneurs Funds up to $50,000 of admissible expenses.
Who is eligible for the Microcrédit Montréal — Loans for entrepreneurs program?
To be eligible for the Microcrédit Montréal — Loans for entrepreneurs program, you must:
18 years old or older
No access to traditional financing
Business idea or project
What expenses are eligible under Microcrédit Montréal — Loans for entrepreneurs?
Startup, growth, consolidation, or purchase of a business
Development projects for social economy organizations
Short-term cash-flow support through bridge financing
Who can I contact for more information about the Microcrédit Montréal — Loans for entrepreneurs?
You can contact MicroEntreprendre by email at info@microcreditmontreal.ca or by phone at 514 843-7296.
Where is the Microcrédit Montréal — Loans for entrepreneurs available?
The Microcrédit Montréal — Loans for entrepreneurs program is available Montréal, Quebec.
Is the Microcrédit Montréal — Loans for entrepreneurs a grant, loan, or tax credit?
Microcrédit Montréal — Loans for entrepreneurs is a Other Support