Prêt d’urgence (Emergency Loan)

Amount:

$10,000.00

Type:

Loan

Description:

An emergency loan can be used to cover a very temporary shortage of working capital, to pay a new supplier in cash, to fix a machine that breaks down unexpectedly, or other.

Comments on Funding:

Funding takes the form of loans of up to $10,000.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. provide explanations on how the loan will be used;
2. provide guarantees: personal surety bond, life insurance (other guarantees may be required);
3. be entrepreneurs who meet the following general conditions:
a) be 18 or older;
b) be a Canadian citizen or a permanent resident;
c) carry out the project in the territory served by the CAEHM;
d) have a satisfactory credit history (business and/or entrepreneur);
e) have a satisfactory personal assessment (entrepreneur).

Application Steps:

1. Applicants must complete the online financing application form (step 1).
2. Afterwards, a member of CAE team will contact the applicants to complete the last 2 steps.

Documentation Needed:

Applicants must provide a business plan.

Other Things to Note:

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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