Prêt pont (Bridge Loan)

By mmuise

Microcrédit Montréal is a non-profit community loan fund whose mission is to fight poverty and exclusion through an innovative approach: community credit. Bridge loans of up to $50,000 are available primarily for cultural enterprises, social economy enterprises including NPOs and cooperatives.

Comments on Funding:

Funding takes the form of loans of up to $50,000.

Loan terms and fees:
1. Interest rate: 10%.
2. Administration fees: 1% of the authorized loan amount.
3. Repayment period: 3 months.
4. Guarantee required.

Deadline: Continuous Intake

The applicant must:

  • be a resident of Montreal or have the head office of their company on the island of Montreal;
  • be a Canadian citizen, permanent resident or accepted refugee ( or temporary worker * certain conditions apply);
  • be excluded from conventional sources of financing;
  • be a non-profit or social economy organization (for a bridge loan);
  • not be using funds for these projects:
    a) export project;
    b) technology project in a pre-start up phase;
    c) purchase of a franchise / Multiple level marketing pyramid scheme;
    d) projects of a religious, political, violent or degrading sexual nature;
    e) projects with negative social and/or environmental impacts.
Application Steps:


Documentation Needed:


Other Things to Note:


About the author