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Montréal Microcredit — Term Loan
Repayable financing with personalized business support
Last Update: June 3, 2026
Funding available
$ 500 - $ 20,000
Timeline
- Open continuously
Location
Montreal, Quebec, Canada
Overview
This program offers a loan of $500 to $20,000 for entrepreneurs in Montreal. It supports starting, developing, consolidating, or buying a business, including social economy development projects.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Strengthen organizational capacity
- Start a business
Eligible Funding
- Maximum amount : 20,000 $
- Minimum amount : 500 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- All industries
Location
- Montreal
- Quebec
Legal structures
- For-profit business
- Social economy enterprise
- Sole proprietorship
- Non-profit
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Newcomers to Canada
- Canadians
- Startups
Non-profit candidates
Sector of operation
- Not Elsewhere Classified
Target groups
- New immigrants & refugees
- Business owners / entrepreneurs
- Low-income individuals / families
Revenue structures
- All structures
Scope
- Local
- Regional
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Starting a business.
- Developing or consolidating a business.
- Buying a business.
- Social economy development projects.
Documents Needed
- Personal notices of assessment for the last 3 years.
- Project documents.
- Completed loan application.
- Completed eligibility form received by email.
Official resources
Eligibility
Who is eligible?
- Entrepreneurs in Montreal.
- Businesses located on the Island of Montreal.
- Businesses with a head office in Montreal.
Who is not eligible
- Businesses in export activities.
- Pre-startup technology projects.
- Franchise purchases and multi-level sales.
- Projects with degrading sexual, religious, or political content.
- Projects with negative social or environmental impacts.
Ineligible Costs and Activities
- Export projects.
- Pre-startup technology projects.
- Franchise purchases and multi-level sales.
- Projects with degrading sexual, religious, or political character.
- Projects with negative social or environmental impacts.
Eligible geographic areas
- Island of Montreal.
- Montreal.
Selection criteria
- Eligibility for the program.
- Quality of the project file.
- Presentation to the investment committee.
How to apply
1
Review eligibility
- Watch the explanatory video for the term loan.
- Review the official eligibility criteria online.
2
Prepare documents
- Complete the eligibility form received by email.
- Prepare your personal notices of assessment for the last 3 years.
3
Meet an advisor
- Book a 30-minute exploratory Zoom meeting with an advisor.
- Discuss your project and loan needs with the advisor.
4
Submit application
- Complete the loan application.
- Provide the documents related to your project.
- Submit the file for analysis and review by the investment committee.
5
Finalize financing
- Sign the loan contract if your application is approved.
- Receive follow-up support after the loan is granted.
Processing and Agreement
- Applications are first reviewed through an eligibility check.
- The file is analyzed before going to the investment committee.
- The applicant presents the project to the investment committee.
- If approved, the loan contract is signed.
- Follow-up support is provided after approval.
Additional information
- Personalized support is included.
- The process can take up to 6 weeks after all documents are received.
- The loan has no file-opening fee.
- There is no early repayment fee.
Contacts
Frequently Asked Questions about the Montréal Microcredit — Term Loan Program
What is the Montréal Microcredit — Term Loan?
This program offers a loan of $500 to $20,000 for entrepreneurs in Montreal. It supports starting, developing, consolidating, or buying a business, including social economy development projects.
How much funding can be received?
Montréal Microcredit — Term Loan Funds up to $20,000 of admissible expenses.
Who is eligible for the Montréal Microcredit — Term Loan program?
To be eligible for the Montréal Microcredit — Term Loan program, you must:
Based in Montreal.
Excluded from conventional financing.
Meets status requirements.
What expenses are eligible under Montréal Microcredit — Term Loan?
Starting a business.
Developing or consolidating a business.
Buying a business.
Social economy development projects.
Who can I contact for more information about the Montréal Microcredit — Term Loan?
You can contact Montréal Microcredit by email at info@microcreditmontreal.ca or by phone at 5148437296.
Where is the Montréal Microcredit — Term Loan available?
The Montréal Microcredit — Term Loan program is available the province of Quebec.
Is the Montréal Microcredit — Term Loan a grant, loan, or tax credit?
Montréal Microcredit — Term Loan is a Loans and Capital investments