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PME MTL – PME MTL investment funds
Montréal, QC
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|terms_and_conditions
PME MTL investment funds provide essential financial support for start-ups and growing companies in Montréal, assisting them in achieving their growth objectives. The financing modalities are designed to offer flexibility and address the varied needs of businesses.
- FLS Montréal provides financial assistance with a maximum amount of $100,000.
- Fonds PME MTL offers loans with a maximum of $300,000.
- Fonds d'Investissement innovation provides funding up to $150,000.
- Loan terms vary and are tailored to each company's situation.
- Interest rates on loans are determined based on the assessed risk of the company.
grant_single_labels|projects
Eligible projects and activities for the PME MTL investment funds include a variety of business-related expenses aimed at fostering growth and maintaining operations in Montreal. These ventures focus on expanding capital, acquiring necessary equipment, and facilitating marketing initiatives.
- Working capital fund to support business liquidity.
- Purchase or renewal of capital assets.
- Marketing expenses to enhance business visibility and customer engagement.
- Equipment purchases or renewal required for business operations.
- Acquisition of an existing company including succession and transfer.
- Fees associated with patents or protection of intellectual property.
- Prototyping activities for companies that are already in operation.
grant_single|admissibleProjectsExample
$ 100,000
Fund succession and transfer for a family-run bookstore
$ 20,000
Renew kitchen appliances for a community restaurant
$ 180,000
Establish a working capital fund for a social initiative
$ 80,000
Develop a marketing campaign for a new line of eco-friendly products
$ 170,000
Develop a prototype of a new health monitoring device
$ 150,000
Purchase new state-of-the-art manufacturing equipment
grant_single_labels|admissibility
Eligibility for this grant requires meeting specific conditions related to the business's operation and legal status.
- The applicant must be a Canadian citizen or permanent resident.
- The business must be legally constituted and entered in the Registre d’entreprises du Québec (REQ).
- The business must be located in Montréal with its head office in Québec.
- The applicant must submit a business plan or project summary, including financial statements and strategies for sustainable development.
- The applicant must show entrepreneurial experience, knowledge, and management skills.
- The applicant must invest at least 20% of the total cost of the project.
grant_eligibility_criteria|who_can_apply
The Fonds PME MTL and Fonds locaux de solidarité Montréal (FLS Montréal) are designed to support start-ups, growing companies, social economy enterprises, for-profit companies, and co-operatives located in Montréal. Eligible applicants must fulfill specific criteria such as Canadian citizenship or permanent residency, legal registration in the Registre d'entreprises du Québec, and maintaining their head office in Québec. They should also demonstrate entrepreneurial experience and allocate at least 20% of the project costs through personal investment.
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
This grant supports businesses in various stages of development by providing financial assistance for a range of eligible activities. These activities are designed to improve infrastructure, protect intellectual property, and support business acquisitions and marketing efforts.
- Creating a working capital fund to stabilize and support business operations.
- Purchasing or renewing capital assets necessary for business growth.
- Funding marketing expenses to expand the business's reach and customer base.
- Acquiring new equipment to boost efficiency and competitiveness.
- Executing business acquisition, succession, and transfer plans.
- Covering fees for patents or protection of intellectual property.
- Investing in prototyping for companies that are already in operation.
grant_eligibility_criteria|zone
This grant is designated for companies operating within the city of Montréal, with the requirement for businesses to have their headquarters in Québec. This localization ensures the funds support the economic ecosystem of the Montréal area specifically.
- Businesses located in Montréal.
- Companies with headquarters in Québec.
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: Identify Local Hub
- Use your business postal code to find the relevant PME MTL hub in Montréal responsible for your area.
- Step 2: Gather Required Documentation
- Prepare a business plan or project summary.
- Include updated or projected financial statements.
- Document your company’s strategic approach to sustainable development.
- Compile evidence of entrepreneurial experience and management skills.
- Ensure you have invested at least 20% of the total project cost.
- Step 3: Initial Consultation (if available)
- Contact PME MTL to discuss your project and get advice on your application (if applicable).
- Step 4: Submit Application
- Ensure that all documentation is complete and meets the eligibility criteria.
- Submit your application to the designated hub, either through their online portal or by the means specified by the hub.
- Step 5: Await Evaluation
- Your application will be reviewed by the joint investment committee (CIC) of the hub.
- Be prepared to provide additional information if requested by the committee.
- Step 6: Receive Feedback
- Receive a decision regarding your application.
- If approved, discuss the terms of the funding and signed agreements with PME MTL.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Loans serve as financial levers and can be used to secure additional sources of financing.
- Companies that receive funding are eligible for ongoing support, advice, and technical assistance from PME MTL experts.
- Applications are evaluated by a joint investment committee specific to the local hub, which assesses the qualifications and viability of the proposal based on the fund's objectives.
- Interest rates on loans are variable and depend on the assessed risk.
