Youth Entrepreneur

By mmuise
Description:

Community Futures East Interlake provides financing for new or expanding businesses that are unable to obtain financing through the traditional means. Their Youth Entrepreneur program offers young entrepreneurs a loan of up to $25,000.


Comments on Funding:

Funding takes the form of a loan of up to $25,000.

Loan terms and fees:
1. Lending Rate: CIBC's PRIME Lending Rate plus 3.0%.
2. Equity Requirement: 5%.

Deadline: Continuous Intake
Eligibility:

Applicants must be:

  • 18-35 year of age;
  • new or expanding businesses;
  • located in Community Futures East Interlake's service area.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise