Prêt d’urgence (Emergency Loan)

By mmuise
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:

  • provide explanations on how the loan will be used;
  • 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