Wakenagun CFDC’s Investment Fund – Youth in Business” Loan

By mmuise
Description:

Wakenagun CFDC’s Investment Fund - "Youth in Business" Loan provides funding for youth aged 18 to 35 to enter into business ownership. Funds may be used for new or existing businesses.


Comments on Funding:

-

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • have interest in the following: sole proprietors, partnerships and corporations,
  • be youth aged 18 to 35,
  • have their business located within the boundaries of the Wakenagun catchment area. Wakenagun serves the “Mushkegowuk" Region. These communities include Attawapiskat, Fort Albany, Kashechewan, Peawanuck, Moose Factory, Moosonee, Taykwa Tagamou, Missanabie, and Fort Severn.

    Funds may be used for new or existing businesses.
Application Steps:

No specific steps have been identified.

Documentation Needed:

Applicants must submit:
1. a Statement of Intent form,
2. a project description including estimated costs (must provide quotations),
3. a business plan,
4. a Statement of Personal Assets and Liabilities.

Other Things to Note:

Wakenagun can provide financing up to a maximum of $150,000 from its Investment Fund in the form of a loan to start or expand a business with a well-documented business plan. These loans are non-forgivable.
Wakenagun CFDC is a federally incorporated not-for-profit Community Futures Development Corporation. We service all individuals and organizations that reside and operate within the traditional home of the First Nations people who call this region “Mushkegowuk.”

The program guidelines are from 2016. - to delete from the website

About the author
mmuise