SADC Achigan-Montcalm Stratégie jeunesse (Youth Strategy)

Amount:

$25,000.00

Type:

Loan

Description:

SADC Achigan-Montcalm’s Youth Strategy Loan is a personal loan that can be considered as an investment by the individual in the business. This product is used for buyout projects in a business succession context or in a start-up, acquisition, expansion or modernization context of a company majority-owned by young entrepreneurs aged under 40.

Comments on Funding:

Funding is a loan ranging from $5,000 to $25,000:
– An interest payment holiday for 2 years;
– The interest rate offered from the 25th month is calculated from the preferential base rate for businesses + 3%;
– The term offered can extend up to 7 years.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be young entrepreneurs;
2. be aged under 40;
3. be located in the Achigan-Montcalm region.

Application Steps:

Applicants must apply online.

Documentation Needed:

For details with the documentation requirements, applicants must connect through SADC Achigan-Montcalm:
Phone: 450.839.9218
Email: info@sadc.org

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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