Le Fond d’Investissement Régulier: Prêt pour démarrage (Regular Investment Fund: Start-up Loan)

By mmuise
Description:

The Start-up Loan provides enrepreneurs the funds for expenditures required before even starting up operations (start-up costs, buying a business, promotional materials, construction/renovation work, fit-up, office equipment and supplies, etc.).


Comments on Funding:

Funding takes the form of loans ranging from $5,000 to $50,000.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be businesses that have been in operation from 0 to 5 years;
  • make a 10% initial down payment (an asset transfer can be used as a down payment; assets valued at historical cost);
  • provide guarantees: personal surety bond, life insurance (other guarantees may be required);
  • 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:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise