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MicroEntreprendre Laval — Financing for entrepreneurs - Laval - QC - Canada

MicroEntreprendre Laval — Financing for entrepreneurs

Last Update: July 22, 2025
Laval, QC
Microcredit and support for underrepresented Laval entrepreneurs

At a glance

Eligible Funding
  • From $500 to $20,000
Timeline
  • Unspecified
Financing Type
Expert Advice
Loans and Capital investments
Eligible Industries
  • All industries
Funds Providers
MicroEntreprendre
Program status
Open

Overview

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.

Activities funded

  • 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

  • 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

Selection criteria

  • 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

1

Attend information session

  • Attend an individual information session with an advisor
  • Discuss your business project and funding needs
2

Submit application file

  • Submit your application file, including business plan and financial forecasts
3

Present to loan committee

  • Present your application to the loan committee
4

Loan granted if approved

  • Loan granted based on committee conditions
5

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.
Apply to this program

Frequently Asked Questions about the MicroEntreprendre Laval — Financing for entrepreneurs Program

Here are answers to the most common questions about the MicroEntreprendre Laval — Financing 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 MicroEntreprendre Laval — Financing for entrepreneurs?

How much funding can be received?

What expenses are eligible under MicroEntreprendre Laval — Financing for entrepreneurs?

What is the deadline to apply?

Is the MicroEntreprendre Laval — Financing for entrepreneurs a grant, loan, or tax credit?

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

Who is eligible for the MicroEntreprendre Laval — Financing for entrepreneurs program?

Who can I contact for more information about the MicroEntreprendre Laval — Financing for entrepreneurs?

Where is the MicroEntreprendre Laval — Financing for entrepreneurs available?

Apply to this program

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