RESO manages the funding of Fonds local de solidarité FTQ in Montreal’s Sud-Ouest (SOLIDE), a non-profit corporation whose investment fund offers financial assistance to new and existing businesses that create and maintain jobs in Montreal’s Sud-Ouest.

Objectives:

• The project’s economic viability
• Job creation in the Sud-Ouest

Clientele:

• Incorporated profit-seeking businesses and social economy enterprises
• Industry sectors: manufacturing and high-value-added service industries
• Investment of $5,000 to $50,000
• Equity-type loan with interest rate set according to risk
• Usually no tangible guarantee, but personal endorsement of promoters
• Investment by promoters
• Submission of a complete business plan
• Application fee: 2.5% of loan, including $250 deposit

For more information, Maria Sanchez.