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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, Montréal, 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
- Montréal
- 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.
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.
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
Here are answers to the most common questions about the Montréal Microcredit — Term Loan. 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 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 Montréal, Quebec.
Is the Montréal Microcredit — Term Loan a grant, loan, or tax credit?
Montréal Microcredit — Term Loan is a Loans and Capital investments