ARE YOU 18 TO 39 YEARS OF AGE AND LOOKING FOR FINANCING FOR YOUR BUSINESS PROJECT?
When the capital required for a project is not readily available, youth strategy financing offers financial assistance in the form of a personal loan that can be used as a down payment to help with a business acquisition, start-up, upgrade or development project.
You can speak to an Advisor who will analyze your file and make the best recommendation to maximize your financing structure.
The youth strategy financing program
Financial assistance in the form of a personal loan combined with personalized guidance from one of our advisors to help you acquire, start up, upgrade or develop a business. The assistance is established according to the following terms:
- From $5,000 to $25,000 per entrepreneur, up to a maximum of $30,000 if there are two eligible entrepreneurs for the same project;
- Interest holiday for the first twenty-four (24) months;
- Capital holiday for the first six (6) months;
- Targeted amortization period of five (5) years and maximum of seven (7) years.
Eligibility criteria
The entrepreneur must :
- Be between the ages of 18 and 39;
- Have their business located within the MRC Memphrémagog;
- Be the majority owner or a majority shareholder of the business, and possess decision-making power alone or jointly with other entrepreneurs;
- Use the obtained sum to acquire capital assets, pay start-up costs or maintain working capital;
- Use the amount obtained as a down payment in the form of capital or a shareholder's advance;
- Other criteria may apply depending on the investment policy in effect.
Since our advisor at the CAE Memphrémagog knows our business well, she’s the one who informed me that I could benefit from a personal loan through the Youth Strategy program.
La Pinte
La Pinte
The loan under the Youth Strategy program and especially the support from the advisors helped make our project a reality. Without them I don’t think we could have done it.
Marché La Fusée
Marché La Fusée