CAE Memphréamgog Financement Stratégie Jeunesse (Youth Strategy Funding)
$25,000.00
In-Kind Support, Loan
Description:
CAE Memphréamgog’s Youth Strategy Funding is a financial assistance in the form of a personal loan combined with personalized guidance from one of its advisors to help young entrepreneurs acquire, start up, upgrade or develop a business.
Comments on Funding:
Funding is a loan ranging from $5,000 to $25,000:
– Personal Loan;
– 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.
Continuous Intake
Eligibility:
Applicants must:
1. be young entrepreneurs;
2. be between the ages of 18 and 39;
3. have their business located within the MRC Memphrémagog;
4. be the majority owner or a majority shareholder of the business, and possess decision-making power alone or jointly with other entrepreneurs;
5. use the obtained sum to acquire capital assets, pay start-up costs or maintain working capital;
6. use the amount obtained as a down payment in the form of capital or a shareholder’s advance;
7. Other criteria may apply depending on the investment policy in effect.
Application Steps:
Applicants must connect with the Business Advisor through the online contact form.
Documentation Needed:
For details about the documentation requirements, applicants must contact CAE Memphrémagog:
Phone: 819 843-4342
Email: info@caememphremagog.ca
Other Things to Note:
- All
- Austin
- Ayer's Cliff
- Bolton-Est
- Business Purchase or Transfer
- Canton de Hatley
- Canton de Stanstead
- Eastman
- Estrie
- Expand a Business
- Hatley
- Magog
- Non-profit Organization
- North Hatley
- Ogden
- Orford
- Potton
- Quebec
- Saint-Benoît-du-Lac
- Saint-Étienne-de-Bolton
- Sainte-Catherine-de-Hatley
- Stanstead
- Start a Business
- Stukely-Sud
- Working Capital
- Youth
About the author
Maurice
