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Mosaic Fund
Last Update: March 4, 2026
Quebec, Canada
Business loans for Quebec's cultural communities entrepreneurs
Loans and Capital investments
Overview
The Mosaic Fund provides up to $500,000 in direct loans to support the growth and succession of businesses owned by members of Quebec’s cultural communities. Funding is available for equipment purchases and working capital needs in all sectors, including production, transformation, commerce, and services.
At a glance
Funding available
Financing goals
- Buying or selling a company
Eligible Funding
- Maximum amount : 500,000 $
- Minimum amount : 50,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Construction
- Manufacturing
- Wholesale trade
- Retail trade
- Transportation and warehousing
- Information and cultural industries
- Finance and insurance
- Real estate and rental and leasing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
Location
- Montréal
- Quebec
Legal structures
- For-profit business
- Social economy enterprise
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Other Racialized Persons
Activities funded
- Business growth projects within Quebec's cultural communities.
- Succession projects involving the acquisition of an existing business.
- Expansion initiatives across production, transformation, commerce, and service sectors.
Examples of admissible projects:
$ 200,000
Acquisition of production equipment for upcycled furniture workshop
$ 330,000
Transition and modernization of a family-owned textile workshop
$ 300,000
Purchase of espresso machines and working capital for café chain
$ 190,000
Acquisition of advanced kitchen equipment for bakery expansion
$ 220,000
Business transition and growth for Caribbean grocery through acquisition
$ 160,000
Launch of e-commerce platform for African grocery store expansion
Eligibility
- The applicant must be a legal adult from one of Quebec's cultural communities.
- The business must be incorporated as a for-profit or a social economy enterprise.
- The business must be in development and experiencing growth in revenue.
- The applicant must be an experienced manager.
- The business must be able to demonstrate potential for further growth.
Who is eligible?
- Businesses from all sectors of activity
- Growth-oriented companies
- Businesses involved in production
- Businesses involved in transformation
- Companies operating in commerce and services
Eligible expenses
- Purchase of equipment for business operations.
- Working capital needs to support business growth.
Eligible geographic areas
- Businesses located in Quebec
How to apply
1
Verify eligibility and prepare documents
- Confirm you belong to a Quebec cultural community
- Ensure you own a growing business or are planning a business succession
- Verify your business is incorporated and has growth potential
- Prepare necessary documents as listed by the fund
2
Gather and organize required documents
- Compile company and personal CVs
- Gather financial statements of your company
- Prepare 3-year financial forecasts
- Describe current or upcoming business activities
- Detail current contracts (clients, suppliers, employees, partners)
3
Prepare funding request details
- Write a detailed explanation of your funding needs
- Specify how the loan will be used
- Indicate the requested loan amount
4
Submit your loan application
- Complete your application with all necessary documents
- Submit your application to the Mosaic Fund by email or through the provided contact information
5
Await review and response
- Wait for a response from the Mosaic Fund team
- Prepare for possible additional information requests or interviews
Additional information
- Guarantees may be required, depending on the risk and nature of the project, such as guarantees on financed assets with resale value.
- Successful applicants are required to adhere to ongoing financial monitoring.
- Applicants must provide CVs for themselves and key company personnel when applying.
- Applicants should include details of current contracts (clients, suppliers, partners, employees, or others) as part of the documentation.
Contacts
info@fondsmosaique.com
1-888-525-2075
