PME Fund Application

In order to qualify for the PME Fund, the following criteria must be met:

• The majority Shareholder(s) of the start-up must be a member(s) of the Jewish Community.
• The majority Shareholder(s) of the start-up must be 18 or older.
• The majority Shareholder(s) of the start-up must have Canadian citizenship or permanent resident status in Canada.
• The applicant must reside in the greater Montreal area.
• The applicant must be a registered member of ProMontreal Entrepreneurs.  
• The start-up business must be based in the greater Montreal area and in operation for less than two years.  
• The applicant must have two letters of reference.  
• The applicant must submit the following: a PME Fund application form, a CV, a business plan including three-year cash flows, income statements and balance sheets, and a detailed list of the required funds and uses.  
• The applicant must be willing to supply any additional information upon request.  
• The applicant must personally present and explain his/her business plan to the ProMontreal Entrepreneurs Board.  
• The applicant must respect the deadlines for submission.  
• The applicant must provide the Program Manager of ProMontreal Entrepreneurs a recent credit bureau report from Equifax or Trans Union.

Absolutely! The ProMontreal Entrepreneurs program has no age limit.

Funding per eligible business is up to $75,000.

The amount awarded is in the form of a low-interest loan. Interest is at prime and there are no repayments for the first year. Repayments start in the second year and are repaid over a 5-year period.

No, but through our various partnerships we can connect you with the people that do.

To apply, you must complete the PME Fund application form, and submit a business plan, two reference letters, and a credit check report from Equifax or Trans Union. You can submit all documentation by email to [email protected]

It should come from an employer, professional business connection, teacher, coach, or someone who can attest to your skills and as to why we should invest in your business. It cannot be from employees, friends, or family.

Two funding rounds are held per year; one in the winter and one in late spring/early summer.

All applications are submitted to the Entrepreneurship Manager, who conducts a due diligence  of all business plans and selects who moves up to the second round. . Applicants are then submitted to the ProMontreal Entrepreneurs committee who select which businesses they want to see. These businesses are then asked to present in person. The committee then selects which businesses to fund from the finalists.

If you are majority stock owner of your company, then yes you can.

No, as long as it does not conflict with the PME criteria.

Please consult the PME Workshops and Events for events hosted by ProMontreal Entrepreneurs as well as other like-minded organizations throughout Montreal.