SOLIDE

The Société locale d’investissement dans le développement de l’emploi (SOLIDE Ville-Marie) manages a venture capital fund designed for emerging businesses in downtown Montreal. SOLIDE Ville-Marie’s goal is to create and maintain quality employment downtown and encourage the growth of small and medium-sized companies.

Admissibility

• The company shall be a legally constituted for-profit enterprise;
• The business shall be located within the Borough of Ville-Marie;
• The company shall invest at least 20% of the project’s costs;
• The company shall be completing its start-up phase or be in a growth phase;
• The business shall be operating in the secondary sector (manufacturing) or service industry (high-tech, computers, engineering, software);
• The company shall be profitable;
• The business shall create quality employment.

Terms

• Financing shall be between $25 000 and $50 000;
• The loan shall be reimbursed in equal payments over the financing period;
• The interest rate shall be a minimum of the chartered bank prime lending rate plus 3%, and shall be negotiated case by case;
• The percentage of dues on sales shall vary according to each request.

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