How much funding can be received?

Funds up to 23000% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the PME MTL — New Community Businesses?

PME MTL — New Community Businesses is funded by PME MTL

What are PME MTL — New Community Businesses's eligibility criterias?

Be a new community-based business (less than 5 years old). Operate the business on Montréal Island. Be a member of the Caisse d’économie solidaire or be prepared to join.

PME MTL — New Community Businesses

Last Update: January 24, 2025

Montréal, QC

Money for community-based businesses in Montreal

PME MTL — New Community Businesses at a glance

Eligible Funding

From $23,000 to $23,000

Timeline

Continuous Intakes

Financing Type

Grant and Funding

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

PME MTL

Status

Open

Overview of the PME MTL — New Community Businesses program

Your new community-based venture may be eligible to receive $23,000 in loans and subsidies.

Financing terms and conditions

This grant provides a structured financial assistance package aimed at supporting new community-based businesses on Montréal Island. The financing is designed to ensure these enterprises have access to necessary subsidies, grants, and loans.

A $3,000 subsidy from the Caisse d’économie solidaire Desjardins.
A $10,000 grant from PME MTL through the Fonds de développement de l’économie sociale.
A $10,000 loan from PME MTL, the Caisse d’économie solidaire Desjardins, or another partner in the social economy network.

Eligible projects & activities

This grant supports new community-based businesses in their early development stages on Montréal Island. It aims to provide financial assistance for foundational and operational activities to ensure economic viability.

Support for creating and refining a comprehensive business plan demonstrating economic viability.
Initial funding to cover early business expenses and development activities.
Financing support for membership with the Caisse d’économie solidaire.

Examples of admissible projects:

$ 23,000

Establishing a community-based recycling center to promote environmental sustainability

$ 23,000

Developing a community makerspace to boost local craftsmanship and innovation

$ 23,000

Launching a health-focused community café with sustainable practices

$ 23,000

Opening of a local artisan bakery with a focus on organic ingredients

Eligibility criteria of the PME MTL — New Community Businesses program

To be eligible for the Fonds Jeunes entreprises collectives financing, community-based businesses must meet specific criteria as outlined below.

Be a new community-based business (less than 5 years old).
Operate the business on Montréal Island.
Be a member of the Caisse d’économie solidaire or be prepared to join.
Submit a business plan showing that the enterprise is economically viable.

Who is eligible?

Eligible community-based businesses for this grant must be new (less than 5 years old), operate on Montréal Island, be a member of the Caisse d’économie solidaire or willing to join, and demonstrate economic viability in their business plan.

New community-based businesses (less than 5 years old)
Operating on Montréal Island
Membership in the Caisse d’économie solidaire or willingness to join
Presentation of an economically viable business plan

Who is not eligible

Some companies may not be eligible for this grant. Eligibility criteria include:

Companies older than 5 years
Companies operating outside Montréal Island
Companies not willing to become a member of the Caisse d’économie solidaire
Companies lacking an economically viable business plan

Eligible expenses

The Fonds Jeunes entreprises collectives grant offers financing for eligible community-based businesses. Eligible expenses for this grant include:

Startup costs
Operational expenses
Marketing and promotion

Eligible geographic areas

This grant is targeted at community-based businesses specific to a defined geographical area within a region. Eligible locations are restricted to align with local socio-economic development initiatives.

Businesses operating on Montréal Island.

Eligibility criteria of the PME MTL — New Community Businesses program

Every application for the Fonds Jeunes entreprises collectives grant is reviewed by the joint investment committee (CIC) to assess the entrepreneur's qualifications and the viability of the business plan within the fund's objectives and requirements.

New community-based business (less than 5 years old)
Operate the business on Montréal Island
Be a member of the Caisse d’économie solidaire or be prepared to join
Submit a business plan demonstrating economic viability

How to apply to the PME MTL — New Community Businesses program

Verification of eligibility

Ensure that the company is a cooperative or a non-profit organization (NPO) that has been in existence for less than 5 years.
Verify that the company receives support from a recognized partner with a positive recommendation.
Confirm that the company has obtained financial contributions of at least $20,000 and expects revenues of at least $50,000.
Choose the Caisse d'économie solidaire as the main financial institution.

Identification of the service center

Enter the company's postal code to find the appropriate service center.
Get to know the experts in your area.

Preparation of the request

Write a proposal including the project and its objectives.
Gather all necessary documents and evidence of financial support.

Submission of the request

Contact the service department to obtain specific instructions regarding the submission of the request.
Send all required documents to the common investment committee (CIC) of the involved department.

Confirmation and follow-up

Receive a confirmation of receipt of your request from the services department.
Follow up on any feedback or request for additional information from the investment committee.