MicroEntreprendre Laval — Financing for entrepreneurs
grant_single|update May 14, 2025
Laval, QC
Microcredit and support for underrepresented Laval entrepreneurs
grant_single_labels_website|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MicroEntreprendre
grant_single|status
grant_card_status|open
grant_single_labels_website|preview
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.
grant_single_labels_website|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.
grant_single_labels_website|projects
- Starting a new business.
- Consolidating or strengthening an existing business.
grant_single|admissibleProjectsExample
$ 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
grant_single_labels_website|admissibility
- 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.
grant_eligibility_criteria|who_can_apply
- 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
grant_eligibility_criteria|zone
- Laval, Quebec
grant_single_labels_website|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.
grant_single_labels_website|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
grant_single_labels_website|otherInfo
- 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
Grant and FundingExpert Advicegrant_card_status|open
Laval, Quebec
Supports consulting services for social economy organizations in Laval