Créavenir Financing

By mmuise
Description:

The Créavenir Financing is designed to help entrepreneurs 18 to 35 who can't get financing. The program provides loans to young entrepreneurs who want to start their own business or who have a business that's less than 3 years old. Successful applicants also get mentoring for the entire start-up phase of their business.


Comments on Funding:

Funding takes the form of the following:
- a line of credit of up to $15,000 at prime rate + 0.5% for a 5-year period.
- access to a Business card with a limit of up to $1,000 at prime rate + 0.5%.
- a grant of up to $5,000, which they can use to qualify for other sources of financing.

Deadline: Rolling deadline
Eligibility:

Applicants must:

  • be between 18 and 35;
  • be young entrepreneurs;
  • have a viable plan to start a new business or grow an existing business that's less than 3 years old;
  • lack access to conventional financing;
  • be a member of a participating Desjardins caisse or agree to become one.
Application Steps:

Applicants must:

1. prepare their business plan;

2. bring it to their local entrepreneur support agency that partners with Créavenir.

Documentation Needed:

Applicants must provide a business plan.

Other Things to Note:

n/a

About the author
mmuise