PME MTL – PME MTL investment funds
Montréal, QC, Canada
Loans for Quebec start-ups and growing companies
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- PME MTL
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get a low-interest-rate loan of up to $300,000 to start or grow your business.
grant_single_labels|projects
Eligible projects and activities for this grant include:
- Working capital fund
- Capital assets
- Marketing expenses
- Equipment purchases or renewal
- Acquisition of a company (succession and transfer)
- Fees for patents or protection of intellectual property
- Prototyping (only for companies already in operation)
grant_single|admissibleProjectsExample
$180,000
Calgary
Establish a working capital fund for a social initiative
$100,000
Winnipeg
Fund succession and transfer for a family-run bookstore
$20,000
Halifax
Renew kitchen appliances for a community restaurant
$80,000
Toronto
Develop a marketing campaign for a new line of eco-friendly products
$170,000
Ottawa
Develop a prototype of a new health monitoring device
$150,000
Vancouver
Purchase new state-of-the-art manufacturing equipment
grant_single_labels|admissibility
Eligibility criteria for this grant:
- Be a Canadian citizen or permanent resident
- Be legally constituted and entered in the Registre d’entreprises du Québec (REQ)
- Have your business in Montréal and your head office in Québec
- Submit a business plan or project summary, including updated or projected financial statements, a section on the company's strategic approach to sustainable development, and any other documents deemed relevant
- Show that you have entrepreneurial experience, knowledge and management skills
- Invest at least 20% of the total cost of your project
grant_eligibility_criteria|who_can_apply
Eligible types of companies for this grant include social economy enterprises, for-profit companies, and co-operatives.
- Canadian citizen or permanent resident
- Legally constituted and entered in the Registre d’entreprises du Québec (REQ)
- Located in Montréal with head office in Québec
- Invest at least 20% of the total project cost
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for this grant if they do not meet the specified criteria:
- Non-Canadian citizens or permanent residents
- Companies not legally constituted and entered in the Registre d’entreprises du Québec (REQ)
- Businesses located outside Montréal with the head office not in Québec
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include working capital fund, capital assets, marketing expenses, equipment purchases or renewal, acquisition of a company (succession and transfer), fees for patents or protection of intellectual property, and prototyping (only for companies already in operation).
- Working capital fund
- Capital assets
- Marketing expenses
- Equipment purchases or renewal
- Acquisition of a company (succession and transfer)
- Fees for patents or protection of intellectual property
- Prototyping (only for companies already in operation)
grant_single_labels|criteria
Applicants for this grant are evaluated based on their entrepreneurial experience, knowledge, management skills, and the viability of their proposed project. The selection criteria include being a Canadian citizen or permanent resident, having a legally constituted business in Montréal, presenting a business plan, showing 20% investment in the project, and meeting other specified conditions.
- Canadian citizenship or permanent residency
- Legal constitution and registration in the Registre d’entreprises du Québec (REQ)
- Business location in Montréal and head office in Québec
- Submission of a detailed business plan or project summary
- Demonstration of entrepreneurial experience and management skills
- Investment of at least 20% of the total project cost
grant_single_labels|register
- Step 1: Check eligibility for the grant
- Ensure Canadian citizenship or permanent residency
- Confirm legal constitution and registration in the Registre d’entreprises du Québec
- Have business in Montréal with the head office in Québec
- Submit a comprehensive business plan or project summary
- Demonstrate entrepreneurial experience and management skills
- Invest at least 20% of the total project cost
- Step 2: Prepare required documentation
- Include updated or projected financial statements
- Detail the company's strategic approach to sustainable development
- Provide any other relevant documents
- Step 3: Submit the application
- Ensure all necessary forms and documents are complete and accurate
- Submit the application to the appropriate fund
- Step 4: Await review and decision
- Applications are reviewed by the joint investment committee
- Committee assesses entrepreneur's qualifications and proposal viability
- Expect support and advice from PME MTL experts during the process
Apply to this program
