Fonds Entrepreneuriat Commercial (Commercial Entrepreneurship Fund)

By mmuise
Description:

The Commercial Entrepreneurship Fund is designed to provide financing tailored to the development of businesses in the retail sector.


Comments on Funding:

Funding takes the form of grants of up to 80% of the total project cost, to a maximum of $25,000.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be businesses in retail sector;
  • 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);
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  • present a strategic approach to sustainable development, where applicable;
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  • demonstrate that the company adds value to the existing commercial offering;
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  • provide a capital outlay of at least 20% of the total cost of the project;
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  • not have received a grant or other financial contribution from PME MTL for the same business project.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise