Fonds Entrepreneuriat commercial
Energizing your retail business
This fund offers financing specifically designed for retail businesses. It supports new project launches, business model adaptation, and resilience-building, all while contributing to the vitality of Montréal’s commercial streets.
Financial assistance
To support commercial entrepreneurship projects, a grant of up to $25,000 may be awarded per 12-month period, depending on the nature of the project and the area concerned. This contribution is a maximum of 80% of the total cost of the business project.
Diversity of the existing commercial offer
This fund supports on-street business projects that contribute to the diversity and quality of the existing commercial offer. The grant will finance the following projects:
- Setting up a new business that meets a commercial demand
- The growth or development of its commercial activities
- Retention of a business on a commercial street
- Development or adoption of a model to make the business more attractive and resilient
Eligibility requirements
To be eligible for a grant from the Commercial Entrepreneurship fund, a business or its promoters must meet the following conditions:
- Be a Canadian citizen, permanent resident or have a Certificat de sélection du Québec (CSQ)
- Be legally constituted as a legal person or sole proprietorship and duly registered with the Registre des entreprises du Québec (REQ)
- Have its place of business in Montreal and have its head office in Quebec
- Have obtained the certificate of occupancy and any other permits required to carry out its business project
- Have a sales area on the street where goods or services are sold to the public
- Not be in debt to the government for amounts owed under tax laws
- Submit a business plan or project 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)
- Present a strategic approach to sustainable development, where applicable
- Demonstrate that the company adds value to the existing commercial offering
- Provide a capital outlay of at least 20% of the total cost of the project
- Not have received a grant or other financial contribution from PME MTL for the same business project
Analysis of applications
Only expenditure relating to the business project is eligible.
Each application will be assessed by the joint investment committee (JIC) of the cluster in question, establishing the qualifications of the entrepreneur and his project in relation to the objectives and requirements of the Fund's policy.
This envelope is restricted, and eligibility is subject to the availability of funds. The amount of financial assistance may vary from one territory to another, depending on available budgets, and is subject to certain conditions.
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. ↓