PME MTL West-Island granted nearly $12,7 million to West-Island businesses
2020 was a year like no other. A year during which we had to consistently “reinventing ourselves”. As of last March, the significant economic consequences that the pandemic had on our SMEs made our mission more relevant than ever.
$2,7M in disbursed loans
$287,188 in disbursed grants
27 financed projects
585 supported businesses
222 jobs created or maintained
$13,7M in economic spinoffs
In the context of the COVID-19 pan-demic, the governments of Canada and Quebec have worked with the City of Montreal to support busi-nesses in the metropolis.
$12,7 M in emergency loans and subsidies granted to West Island businesses.
Regional Relief and Recovery Fund (RRRF)
Emergency financial assistance of up to $40,000
60 businesses in all sectors combined
Emergency Assistance for Small and Medium-Sized Businesses (PAUPME)
Emergency assistance of up to $50,000 and loan forgiveness of up to 80% under the Assistance for Businesses in Regions Under Maximum Alert program (AERAM)
176 businesses received emergency assistance
Retail businesses consolidation due to COVID-19 program(FCAC)
A non-repayable contribution up to a maximum of $10,000.
$214 100 granted
26 businesses used this grant to carry out a business project for the consolidation or resumption of their activities176projects received emergency assistanceof the businesses are in the accommodation and food services sector40%granted