CAE Beauce-Chaudière — Financing for Young Entrepreneurs
QC, Canada
Interest-free financing for young entrepreneurs' projects in Beauce
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- CAE Beauce-Chaudière
grant_single|status
grant_card_status|open
grant_single_labels|preview
The CAE Beauce-Chaudière — Financing for Young Entrepreneurs offers a no-interest personal loan of up to $25,000, supporting young entrepreneurs aged 18 to 39 in projects that enhance their business equity. Eligible activities include startups and successions, with specific equity contribution requirements.
grant_single_labels|terms_and_conditions
- Personal loan of $25,000 per entrepreneur.
- No interest for the first 24 months.
- Maximum of 2 loans per business.
- Option for a capital moratorium.
- Maximum amortization period of 7 years.
- Minimum equity contribution of 10% for business succession and 20% for startups.
- Cannot be used to refinance existing debt.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 100,000
Establishing a mobile health clinic for remote areas
$ 35,000
Developing a sustainable urban farming initiative
$ 150,000
Revamping a local cultural heritage site for tourism
$ 80,000
Launching a renewable energy startup focusing on solar
$ 60,000
Creating an inclusive arts program for marginalized youth
$ 50,000
Implementing a digital literacy program for seniors
grant_single_labels|admissibility
- The business must be located in Beauce.
- The entrepreneur must be between 18 and 39 years old.
- The entrepreneur must work full-time in their business (minimum 30 hours per week).
- The entrepreneur must hold majority decision-making power in the company.
- Funding from CAE through the regular fund, equal to or greater than the youth strategy funding, must be part of the financial structure.
- The business must not pose a risk to competitors in the territory.
- The company must have 200 employees or fewer.
- The loan cannot be used to refinance debt.
grant_eligibility_criteria|zone
- Businesses located in Beauce.
grant_single_labels|register
- Step 1: Evaluate EligibilityEnsure that your business is located in Beauce.
- Verify that you are between the ages of 18 and 39 and meet all the entrepreneur criteria.
- Check that the business has 200 or fewer employees and meets all other specified requirements.
- Step 2: Prepare DocumentationGather necessary documents to demonstrate majority decision-making power and full-time commitment to the business.
- Prepare a financial structure plan showcasing CAE regular fund involvement equal to or greater than the youth strategy funding.
- Ensure that the equity contribution meets the required percentage for either succession or startup.
- Step 3: Complete Application FormContact CAE Beauce-Chaudière to obtain the application form and additional instructions.
- Fill out the application form with accurate business and personal information.
- Step 4: Submit ApplicationSubmit the completed application along with all supporting documents to CAE Beauce-Chaudière.
- Ensure submission is done before the intake deadline.
- Step 5: Await ConfirmationReceive a confirmation of receipt from CAE Beauce-Chaudière.
- Retain the confirmation for your records and follow up as needed.
grant_single_labels|otherInfo
- The loan is designed to help increase the equity of young entrepreneurs, providing additional support for their ventures.
- A capital moratorium is possible, allowing some flexibility in repayments.
- The maximum amortization period for the loan is 7 years.
