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PME MTL
Loans for projects by Montreal-based businesses
Helps businesses in Montreal get loans up to $150,000 for innovative projects like testing new ideas or launching products. Covers up to 80% of project costs.
Offers a loan of up to $150,000, which may not exceed 80% of the total project cost. This financial assistance, sometimes referred to as a subsidy, is designed to support innovation commercialization projects, including testing and trials, market validation, product launch, generating first sales, protecting intellectual property, and developing new markets or exports. Advisory and support services are also provided.
Business Size: small, medium
Region: Montréal Island, Quebec
Other Criteria: Canadian citizens, permanent residents, or holders of a Quebec selection certificate (CSQ), Legally incorporated and registered in the Registraire des entreprises du Québec (REQ), Have a Montréal-based address and head office in the province of Quebec, Present a business plan or executive summary, Present financial forecasts covering at least two full financial years, Present a compilation of financial statements for the last two completed financial years (or the first financial year for companies less than two years old), Provide a minimum down payment of 20% of the total cost for a pre-startup business, and at least 15% for a start-up or growing business (for a loan), or 20% (for a subsidy), Projects must support innovations related to testing, market validation, launch, generating first sales, intellectual property protection, or new market/export development, Eligible for pre-startup, start-up, or growing businesses, Social economy enterprises are also eligible for PME MTL funds generally
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This program is available to small, medium businesses located in Montréal Island, Quebec.
This program offers funding up to $150,000.
Check the official program website for current deadlines.
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