How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MicroEntreprendre?

MicroEntreprendre is funded by MicroEntreprendre

What are MicroEntreprendre's eligibility criterias?

Must be aged 18 years or older. Must not have access to traditional financial services or credit. Must have a business idea or project.

MicroEntreprendre

Last Update: January 24, 2025

Canada

Microcredit for Quebec entrepreneurs

MicroEntreprendre at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

MicroEntreprendre

Status

Open

Overview of the MicroEntreprendre 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 flexible financing options to support entrepreneurs with limited access to conventional financial services, aiding in various stages of business development.

Nano-Prêt: Financing up to CAD $2,000 to address initial business needs.
Microcredit: Funding of up to CAD $20,000 for business start-up or growth.
Bridge Loan: Short-term financing to manage liquidity shortages, particularly for non-profit organizations awaiting governmental or foundational funding.
Start-up Loan: Honorary loans granted to individuals based on business viability, offered at zero or low interest without requiring guarantees or collateral from family and friends.

Eligible projects & activities

This grant enables aspiring entrepreneurs in Quebec to launch, develop, and strengthen their business ideas through comprehensive support and microcredit financing options. The eligible activities range from preparing essential business documentation to participating in skill-development workshops and accessing flexible funding solutions.

Creating and formalizing a detailed business plan with professional guidance.
Participating in individualized support and mentoring sessions with experienced advisors.
Attending individual or group workshops to enhance management and operational skills.
Receiving specific training in areas such as administration, communication, and marketing.
Engaging in networking activities to connect with other entrepreneurs for mutual growth.
Accessing nano-loans or microcredits to initiate or expand business ventures without conventional credit access.
Utilizing bridge loans to manage short-term cash flow challenges.
Obtaining start-up loans based on business viability without traditional collateral requirements.

Examples of admissible projects:

$ 20,000

Establish a community kitchen to combat food insecurity

$ 20,000

Implement a renewable energy project for small businesses

$ 20,000

Launch an eco-friendly cleaning service

$ 20,000

Create a digital literacy program for seniors

$ 20,000

Upgrade the facilities of a community center

$ 20,000

Develop a mobile app to assist local farmers with crop monitoring

Eligibility criteria of the MicroEntreprendre program

The eligibility criteria for accessing the microcredit services are outlined below.

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 is required to attend an orientation or information session.
The applicant must accept close support provided by members of MicroEntreprendre.

Who is eligible?

Individuals who are 18 years or older, have limited or no access to traditional financial services or credit, and possess a business idea or project are eligible. Applicants must attend an introductory meeting and agree to the personalized support provided by MicroEntreprendre members.

Eligible expenses

The grant supports a range of entrepreneurial projects, particularly those aimed at starting, developing, or consolidating a business within Quebec. These activities benefit from training, personalized coaching, and financial resources like microcredit.

Business pre-startup activities.
Access to flexible financing solutions, including micro-loans and bridge loans.
Development and implementation of a business plan.
Participation in individual or group workshops to develop management skills.
Engagement in formative programs to enhance competencies in areas such as communication, marketing, administration, and management.
Personalized coaching tailored to entrepreneurial realities.
Networking opportunities through offered training and social events.
Mentorship programs for acquiring necessary business knowledge and skills.

Eligible geographic areas

MicroEntreprendre provides entrepreneurial support and microcredit financing through its network across 17 regions in Quebec. Eligible areas for this grant are aligned with these regional operations to support local business development.

Abitibi-Témiscamingue
Bas-Saint-Laurent
Capitale-Nationale
Centre-du-Québec
Chaudière-Appalaches
Côte-Nord
Estrie
Gaspésie–Îles-de-la-Madeleine
Lanaudière
Laurentides
Laval
Mauricie
Montérégie
Montréal
Nord-du-Québec
Outaouais
Saguenay–Lac-Saint-Jean

How to apply to the MicroEntreprendre program

Attend Information Session

Participate in an orientation or information session offered by the organization handling the microcredit application.

Submit Application Package

Prepare and submit a comprehensive application package which includes a business plan and budget forecasts.
Ensure all documents highlight the viability and sustainability of the business project.

Present to Loan Committee

The application will be reviewed by the loan committee.
Be prepared to present and discuss the business plan and projections with the committee.

Loan Approval

Wait for the decision from the loan committee based on the review of your business proposal.
Once approved, the loan is granted under the stipulated conditions.

Continuous Support

Engage with the organization for ongoing support during the repayment period of the loan.
Access additional resources such as workshops, mentorship, and networking opportunities provided by MicroEntreprendre.