How much funding can be received?

Funds up to 20000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MicroEntreprendre Laval — Financing for entrepreneurs?

MicroEntreprendre Laval — Financing for entrepreneurs is funded by MicroEntreprendre

What are MicroEntreprendre Laval — Financing for entrepreneurs's eligibility criterias?

Entrepreneurs with low income or receiving employment insurance or social assistance Start-ups or businesses needing consolidation Businesses unable to access traditional credit

MicroEntreprendre Laval — Financing for entrepreneurs

Last Update: May 14, 2025

Laval, QC

Microcredit and support for underrepresented Laval entrepreneurs

MicroEntreprendre Laval — Financing for entrepreneurs at a glance

Eligible Funding

From $500 to $20,000

Timeline

Continuous Intakes

Financing Type

Expert Advice

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

MicroEntreprendre

Status

Open

Overview of the MicroEntreprendre Laval — Financing for entrepreneurs program

MicroEntreprendre Laval offers microcredit financing of up to $20,000 to support the startup and consolidation of businesses for individuals facing barriers to traditional credit. The program provides loans, business validation support, and personalized guidance for entrepreneurs from underrepresented or low-income backgrounds.

Financing terms and conditions

Nanoloan amounts range from $500 to $3,000, requiring a project summary and budget forecasts.
Microloan amounts range from $3,000 to $20,000, requiring a complete business plan and budget forecasts, subject to review by a loan committee.
Repayment terms for loans are from 1 to 5 years at advantageous rates.

Eligible projects & activities

Starting a new business.
Consolidating or strengthening an existing business.

Examples of admissible projects:

$ 16,000

Opening an eco-friendly cleaning service for small businesses

$ 19,700

Expanding an artisan jewelry co-op serving local retail shops

$ 17,000

Developing a mobile bicycle repair shop for urban neighborhoods

$ 17,800

Launching an affordable catering service for community events

$ 19,800

Launching a tech upcycling service repurposing used electronics

$ 19,000

Establishing a bilingual tutoring service for immigrant youth

Eligibility criteria of the MicroEntreprendre Laval — Financing for entrepreneurs program

The applicant must be an entrepreneur starting or consolidating a business.
The applicant must belong to one of the following groups: individuals with low income, recipients of employment insurance or social assistance, single-parent families, immigrants, or visible minorities.
The business must not have access to traditional credit sources.

Who is eligible?

Entrepreneurship projects led by individuals with low income
Entrepreneurship projects by Employment Insurance recipients
Entrepreneurship initiatives by social assistance recipients
Entrepreneurship ventures by single-parent families
Entrepreneurship activities by immigrants and visible minorities

Eligible geographic areas

Laval, Quebec

Eligibility criteria of the MicroEntreprendre Laval — Financing for entrepreneurs program

Submission of a business plan and budget forecasts.
Presentation of the project to the loan committee.
Decision based on the conditions set by the loan committee.

How to apply to the MicroEntreprendre Laval — Financing for entrepreneurs program

Attend information session

Attend an individual information session with an advisor
Discuss your business project and funding needs

Submit application file

Submit your application file, including business plan and financial forecasts

Present to loan committee

Present your application to the loan committee

Loan granted if approved

Loan granted based on committee conditions

Ongoing personalized support

Receive ongoing personalized support throughout the loan repayment period

Additional information

Personalized and individual support is provided throughout the financing period.
Consultations with management and financing advisors are available at no cost.
Applicants may be referred to other funding sources through partner networks.