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CréAvenir - PME MTL and Desjardins
Line of credit up to $15,000 plus grant up to $5,000 for Montreal entrepreneurs under age 35 starting out.
About this program
Offered jointly by PME MTL and Desjardins, CréAvenir is designed for young entrepreneurs under age 35 just starting their businesses. The program provides a line of credit of up to $15,000 at prime + 0.5% for a five-year period. If needed, a grant of up to $5,000 can be added, which can be used as leverage for obtaining financing from other sources. The financing must be combined with a loan from the Fonds PME MTL and may be considered a personal investment.
Eligibility
Entrepreneurs under age 35 starting their business in Montreal. Must combine with a PME MTL loan.
Requirements
- Entrepreneur under age 35
- Business located in Montreal
- Combined with Fonds PME MTL loan