SADC région de Mégantic Prêt – Alternatif Jeunesse (Loan – Youth Alternative)

Amount:

$50,000.00

Type:

Loan

Description:

SADC région de Mégantic offers a loan intended for young people aged 18 to 39, with the aim of creating or maintaining long-term jobs.

Comments on Funding:

Funding is a loan of up to $50,000:
– Interest Rate: Bank of Canada prime rate + 2%;
– A capital moratorium of up to 24 months.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be young entrepreneurs;
2. be aged 18 to 39;
3. have small businesses with the aim of creating or maintaining long-term jobs;
4. be located within the territory of the MRC du Granit.

Application Steps:

Applicants must:
1. fill out the online Request for Financing Form;
2. be contacted by the Business Advisor afterwards.

Documentation Needed:

Applicants must provide the following:
1. Business plan;
2. Previous financial statements (if applicable);
3. Financial forecast;
4. Personal review;
5. Other additional information as requested.

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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