CAE Beauce-Chaudière Prêt Stratégie Jeunesse (Youth Strategy Loan)
$25,000.00
Loan
Description:
CAE Beauce-Chaudière’s Youth Strategy Loan contributes 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 of up to $25,000:
– Capital moratorium of up to 24 months;
– Maximum amortization of 7 years;
– Interest-free for the first 24 months;
– Interest rate: Bank of Canada TP + % risk premium;
– Promoter life insurance for CAE financing value;
– Disbursement fee of 2% of the loan amount;
– Maximum $50,000 per business.
Continuous Intake
Eligibility:
Applicants must:
1. be entrepreneurs;
2. be between 18 and 39 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 projects not risk endangering competitors located on its territory;
8. work full-time in his business (minimum 30 hours per week);
9. 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:
- All
- Business Purchase or Transfer
- Chaudiere-Appalaches
- Equipment or Property (lease or buy)
- La Guadeloupe
- Lac Poulin
- MRC Beauce-Sartigan : Saint-Théophile
- Non-profit Organization
- Notre-Dame-des-Pins
- Quebec
- s Saint-Évariste-de-Forsyth
- Saint-Alfred
- Saint-Benoît-Labre
- Saint-Bernard
- Saint-Côme-Linière
- Saint-Elzéar
- Saint-Ephrem
- Saint-Frédéric
- Saint-Gédéon
- Saint-Georges
- Saint-Hilaire-de-Dorset
- Saint-Honoré-de-Shenley
- Saint-Isidore
- Saint-Joseph-de-Beauce
- Saint-Joseph-des-Érables
- Saint-Jules
- Saint-Lambert-de-Lauzon
- Saint-Martin
- Saint-Odilon
- Saint-Philibert MRC Beauce-Centre : Beauceville
- Saint-René
- Saint-Séverin MRC Nouvelle-Beauce : Frampton
- Saint-Simon-les-Mine
- Saint-Victor
- Sainte-Hénédine
- Sainte-Marguerite
- Sainte-Marie
- Saints-Anges
- Scott
- Start a Business
- Tring-Jonction
- Vallée-Jonction
- Working Capital
- Youth
About the author
Maurice
