Microcrédit Montréal — Loans for entrepreneurs
Last Update: July 22, 2025
Montréal, QC
Microcredit for Quebec entrepreneurs
Microcrédit Montréal — Loans for 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)
Grant Providers
- Montréal Microcredit
- MicroEntreprendre
Program status
Open
Overview of the Microcrédit Montréal — Loans for entrepreneurs program
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.
Eligible projects & activities
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.
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 criteria of the Microcrédit Montréal — Loans for entrepreneurs program
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.
Eligibility criteria of the Microcrédit Montréal — Loans for entrepreneurs program
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 to the Microcrédit Montréal — Loans for entrepreneurs program
1
Attend an information session
Participate in an information session organized by the local organization.
2
Preparation of the file
- Develop a detailed and comprehensive business plan.
- Prepare the necessary budget forecasts.
3
Submission of the file
Submit the file, including the business plan and budget forecasts, to the organization.
4
Presentation to the loan committee
Present the file to the loan committee for evaluation.
5
Granting of the loan
- Receive the committee's decision regarding the loan approval.
- Negotiate and accept the terms of the loan if approved.
6
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.
Apply to this program
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