Fonds PME MTL and Fonds locaux de solidarité Montréal
Financial levers to build and strengthen Montreal
Private businesses, social enterprises, and cooperatives across the metropolitan region, these funds are designed for you. The Fonds PME MTL and the Fonds locaux de solidarité Montréal (FLS Montréal) support the startup and growth of projects throughout the city.
Financial assistance
- FLS Montréal: maximum of $100,000
- Fonds PME MTL: maximum of $300,000
- Fonds d'Investissement innovation: maximum of $150,000
- Variable term
- Interest rates vary according to risk
Eligibility
To be eligible for a loan, a company or its promoters must meet the following conditions:
- 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
Eligible expenses
- 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)
Entrepreneurs who receive financing will also receive support, advice and technical assistance from PME MTL experts.
Every application is studied by the joint investment committee (CIC) of the hub concerned, to determine the entrepreneur’s qualifications and the viability of the proposal in light of the fund’s objectives and requirements.
How to benefit from these services?
These support or financing services are offered to entrepreneurs according to the borough or city where the business is located. By selecting the territory on the map below, or by entering the postal code of your business, you will be directed to the experts at your service centre. ↓