Prêt d’urgence (Emergency Loan)
$10,000.00
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.
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:
About the author
Maurice