🏠 | Loan

CAE Beauce-Chaudière Prêt Alternatif Jeunesse (Alternative Youth Loan)

Maurice
By Maurice | July 24, 2024

Amount:

$50,000.00

Type:

Loan

Description:

CAE Beauce-Chaudière’s Alternative Youth Loan is tailored to contribute to increasing the capital outlay of young entrepreneurs in order to support them in their acquisition, start-up, modernization or business development project.

Comments on Funding:

Funding is a loan between $25,000 to $50,000:
– Capital moratorium of up to 24 months;
– Maximum amortization of 7 years;
– Interest rate: Bank of Canada TP + 3%;
– Promoter life insurance for CAE financing value;
– Disbursement fee of 1% of the loan amount, minimum $500;
– Maximum $100,000 per business.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be entrepreneurs;
2. be between 18 and 45 years old;
3. provide capital outlay:
a) minimum of 10% in a business succession situation;
b) minimum of 20% in the case of business start-ups.
4. hold majority decision-making power in the company;
5. demonstrate the viability of the business and its repayment capacity;
6. have companies with 200 employees or less;
7. have its main place of business in the territory of the MRC Beauce-Sartigan, Nouvelle-Beauce or Beauce-Centre.

Application Steps:

For details about the application process, applicants must contact CAE Beauce-Chaudière through their online contact form.

Documentation Needed:

For details about the documentation requirements, applicants must contact CAE Beauce-Chaudière through their telephone: 418-222-5830.

Other Things to Note:

Web Page:

https://www.caebeauce.com/fr/pret-alternatif-jeunesse
Maurice

About the author

Maurice
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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