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  1. West-Island 1675, Transcanadienne
    Suite 301
    Dorval, QC H9P 1J1
    514 426-2888
  2. Centre-Ouest 1350 Mazurette street
    Suite 400
    Montreal, QC H4N 1H2
    514 858-1018
  3. Grand Sud-Ouest 3617 Wellington street
    Montreal, QC H4G 1T9
    514 765-7060
  4. Centre-Ville 630, Sherbrooke Ouest
    Suite 700
    Montreal, QC H3A 1E4
    514 879-0555
  5. Centre-Est 6224 Saint-Hubert street
    Montreal, QC H2S 2M2
    514 723-0030
  6. Est-de-l'Île 7305, boulevard Henri-Bourassa Est
    Suite 200
    Montreal, QC H1E 2Z6
    514 494-2606
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Financing provided by PME MTL

Organizations in the PME MTL network manage the PME MTL Fund and the Fonds local de solidarité Montréal.

There are also the Fonds de développement de l'économie sociale (FDÉS), the Fonds Jeunes Entreprises, and CréAvenir, all of them financial levers for businesses, all available through PME MTL.

The financing offered is intended to support start-ups and growing companies and help maintain jobs in Montréal.

Fonds PME MTL and Fonds locaux de solidarité Montréal

PME MTL investment funds: essential financial levers for businesses

The Fonds PME MTL and Fonds locaux de solidarité Montréal (FLS Montréal) (local solidarity fund) support start-ups and growing companies and help maintain jobs in Montréal.

The financing provided by PME MTL is adapted to each company’s situation, and is often useful as a lever in obtaining other sources of financing.

These funds are intended for social economy enterprises, for-profit companies and co-operatives.

Eligibility

To be eligible for a loan, you must:

  • 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 Quebec
  • Submit a business plan or a description of your plans, current or budgeted financial statements and any other supporting documentation deemed relevant
  • Show that you have entrepreneurial experience, knowledge and management skills
  • Invest at least 20% of the total cost of your project

Financial assistance

  • FLS Montréal: maximum of $100,000
  • Fonds PME MTL: maximum of $300,000
  • Variable term
  • Interest rates vary according to risk

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.

Fonds de développement de l'économie sociale

Subsidies to support social economy initiatives

The Fonds de développement de l’économie sociale (FDÉS) (social economy development fund) supports social economy projects, from the planning stage to growth.

The FDÉS is also intended to support the emergence of innovative projects that explore new sectors or new approaches or develop new expertise.

Eligibility

To be eligible for a subsidy from this fund, you must:

  • Be a social economy enterprise or a non-profit organization (NPO) with a social economy project
  • Be headquartered in Montréal
  • Take a formal entrepreneurial approach
  • Have self-generated revenue from the sale of goods or services representing 20% of your annual revenue
  • Show your ability to create or maintain jobs
  • Invest at least 20% of the total project cost

Financial assistance

Subsidy between $5,000 and $50,000 for the enterprise or organization

Eligible expenses

  • Capital expenses (land, building, equipment, incorporation expenses, etc.)
  • Acquisition of technology, software, patents, etc.
  • Working capital fund
  • Professional fees

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.

Fonds Jeunes entreprises

Subsidies for young businesses

The Fonds Jeunes Entreprises (young business fund) supports viable businesses by offering them financial assistance to help with start-ups and growth.

The subsidy, which must be combined with a loan from the Fonds PME MTL, is intended for start-ups on Montréal Island.

Eligibility

To be eligible, you must:

  • Launch a legally constituted business listed in the Registre d’entreprises du Québec (REQ)
  • Have your business and your head office in Montréal
  • Operate a company that has been in existence for less than five years
  • Submit a business plan showing its profitability and viability
  • Commit to working full-time in the business (at least 35 hours per week)

Financial assistance

Non-repayable financial contribution of up to $15,000

Examples of eligible expenses

  • Equipment purchases
  • Leasehold improvements
  • Marketing expenses
  • Working capital fund

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.

Créavenir

A financial partnership to support young entrepreneurs

This program, offered jointly with Desjardins, is intended for entrepreneurs under age 35 and who are just starting out.

The financing granted under the Créavenir program must be combined with a loan from the Fonds PME MTL. It may be considered a personal investment, to help you obtain financing from other sources.

Eligibility

To be eligible for a loan and subsidy, you must:

  • Both reside and launch your business on Montréal Island
  • Be at the launch phase or have operated a business for less than 3 years
  • Be under age 35
  • Be a member of a participating credit union (caisse) or prepared to join one
  • The financial aid received must be used as leverage to access other sources of financing

Financial assistance

A line of credit of up to $15,000 at prime + 0.5%, for a five-year period.

If necessary, a grant of up to $5,000, which can be used as leverage for obtaining financing from other sources.

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.

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.

Find experts in your area

Enter your business postal code or select your area

  1. West-Island 1675, Transcanadienne
    Suite 301
    Dorval, QC H9P 1J1
    514 426-2888
  2. Centre-Ouest 1350 Mazurette street
    Suite 400
    Montreal, QC H4N 1H2
    514 858-1018
  3. Grand Sud-Ouest 3617 Wellington street
    Montreal, QC H4G 1T9
    514 765-7060
  4. Centre-Ville 630, Sherbrooke Ouest
    Suite 700
    Montreal, QC H3A 1E4
    514 879-0555
  5. Centre-Est 6224 Saint-Hubert street
    Montreal, QC H2S 2M2
    514 723-0030
  6. Est-de-l'Île 7305, boulevard Henri-Bourassa Est
    Suite 200
    Montreal, QC H1E 2Z6
    514 494-2606