Discover the Fonds YUL / 375 idées!
What is it exactly?
The Fonds YUL / 375 idées is an initiative of the Junior Chamber of commerce of Montreal (JCCM), in partnership with Aéroports de Montréal (YUL) and the Board of Governors of Montreal’s 375th anniversary.
The purpose of the project is to promote Montreal’s young entrepreneurs and to financially encourage their projects, with the ultimate goal of increasing the city’s entrepreneurial activity.
The JCCM wishes to support at least 375 innovative Montreal entrepreneurs from now until the city’s 400th anniversary by awarding microloans of $7,500 per project.
What are the terms of the loan?
Loan of $7,500
Special interest rate of 2%. Interest free capital repayment holiday for the first 6 months
Refundable within 2 years (24 monthly payments following the capital repayment holiday)