SADC du Haut-Saguenay Fonds stratégie jeunesse (Youth Strategy Fund)
$25,000.00
Loan
Description:
Through its Youth Strategy Fund, SADC du Haut-Saguenay offers financing to develop entrepreneurship and curb the exodus of young people to large urban centers.
Comments on Funding:
Funding is a loan ranging from $5,000 to $25,000:
– 24-month interest leave;
– Interest rate: prime rate + 3%;
– Loan repayable over a maximum period of 7 years;
– Possibility for two young entrepreneurs to benefit from a loan; for the same project (maximum $50,000);
– Flexible repayment terms.
Continuous Intake
Eligibility:
Applicants must:
1. be young entrepreneurs;
2. be aged 18 to 39;
3. demonstrate strong personal commitment;
4. be the majority owners of the business;
5. have businesses that:
a) have main economic activities as well as the jobs associated with them in the territory served by the SADC du Haut-Saguenay;
b) demonstrate sound financial management;
c) aim to create and/or maintain jobs;
d) have development potential and economic viability supported by a business plan as well as financial forecasts.
Application Steps:
Applicant must connect with the Business Advisor through email: aboily@sadchs.qc.ca.
Documentation Needed:
Applicants must provide:
1. a Business Plan;
2. Financial Forecasts;
3. Additional information as requested.
Other Things to Note:
- All
- Bégin
- Business Purchase or Transfer
- Equipment or Property (lease or buy)
- Expand a Business
- Lac-Kénogami
- Lac-Ministuk
- Larouche
- Laterrière et Canton Tremblay)
- Mont-Valin
- Non-profit Organization
- Quebec
- Saguenay (secteur Shipshaw
- Saguenay–Lac-Saint-Jean
- Saint-Ambroise
- Saint-Charles-de-Bourget
- Saint-David-de-Falardeau
- Saint-Honoré
- Start a Business
- Working Capital
- Youth
About the author
Maurice
