CBDC Chaleur Future Entrepreneur Loan
NB, Canada
Loan for young entrepreneurs in New Brunswick
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
- Community Business Development Corporations (CBDC)
grant_single|status
grant_card_status|open
grant_single_labels|preview
If you are a prospective entrepreneur (19 years old or younger) in the Chaleur region of New Brunswick, you can get a loan of up to $1,500, with a possibility of being reimbursed 30% of the loan value.
grant_single_labels|projects
This grant is exclusively tailored for the Chaleur region, ensuring young entrepreneurs in this area have access to necessary financial support to foster their business ideas. The focus is on boosting regional economic growth through localized entrepreneurial initiatives.
- Chaleur region
grant_single|admissibleProjectsExample
$1,500
Creating a youth-led book club app development project
$1,500
Starting an organic vegetable delivery service
$1,300
Launching a custom T-shirt printing business targeting local sports teams and events
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's age, location, and family eligibility.
- The applicant must be between 14 to 19 years old.
- The applicant must be from the Chaleur region.
- Only one family member is eligible for the program.
grant_eligibility_criteria|who_can_apply
The Future Entrepreneur Loan program is designed for youth aged 14 to 19 from the Chaleur region who aspire to gain work experience by establishing their own micro-enterprise. The program targets emerging young entrepreneurs by providing financial support, fostering an entrepreneurial spirit, and promoting business start-up awareness and networking opportunities.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for the Future Entrepreneur Loan include:
- Startup costs for the micro-enterprise
- Purchase of equipment and materials
- Marketing and promotional expenses
- Training and development costs
- Other business-related expenses approved by CBDC Chaleur
grant_single_labels|criteria
The Future Entrepreneur Loan program offers support for youth entrepreneurs aged 14-19 in the Chaleur region. The selection criteria include repayment of the loan after 12 months and the submission of a final business report.
- Repay the loan 12 months after start-up
- Produce a final report detailing business operations
grant_single_labels|register
- Step 1: Preliminary Inquiry
- Contact the CBDC Chaleur at 548-5951 for detailed information about the application process.
- Follow their social media for updates on #FutureEntrepreneurLoan.
- Step 2: Prepare Application
- Collect necessary information and documents to demonstrate your business idea and how the loan will be utilized.
- Ensure that the potential future entrepreneur and a supporting adult are involved in the planning process.
- Step 3: Application Submission
- Submit the completed application form with all required documents to CBDC Chaleur.
- Ensure that applications are submitted within any specified deadlines, as advised during the preliminary inquiry.
grant_single_labels|contact
548-5951
Apply to this program
Fostering Young Entrepreneurs in the Chaleur Region
The Future Entrepreneur Loan program empowers youth aged 14 to 19 in the Chaleur region by providing financial assistance for launching micro-enterprises. With up to $1,500 available at zero percent interest, this initiative encourages the entrepreneurial spirit among young individuals.
Empowering the Next Generation of Business Leaders
The Future Entrepreneur Loan program is a significant initiative aimed at nurturing the entrepreneurial skills of young individuals aged 14 to 19 years in the Chaleur region by offering financial assistance to establish their own businesses. This program holds immense potential for fostering youth entrepreneurship by providing young people with the resources and funds necessary to bring their business ideas to fruition.One of the primary objectives of this program is to encourage the development and creation of new businesses by youth, thereby contributing to the local economy and creating a sense of community entrepreneurship. The program offers a loan of up to $1,500 under highly favorable conditions such as 0% interest and a flexible repayment schedule, making it an attractive option for budding entrepreneurs who might otherwise lack the financial support to start their ventures.Moreover, the program goes a step further by offering a grant of up to 30% of the loan value, provided that certain conditions are met, thereby offering an additional incentive to young entrepreneurs who demonstrate commitment and success in their business ventures. This grant acts as both a safety net and a reward, encouraging young business owners to strive towards sustainable business practices and growth.The Future Entrepreneur Loan initiative also seeks to raise awareness about entrepreneurship among youth, aiming to instill an entrepreneurial mindset that encourages innovation and creativity in addressing market needs. By providing this opportunity, the program promotes the economic education of young people, equipping them with practical skills and knowledge about operating a business, which is invaluable regardless of whether they continue as entrepreneurs or choose other professional paths.Furthermore, the program fosters networking opportunities by connecting young entrepreneurs with local business owners and mentors. This aspect of the program is crucial as it provides budding businesspersons not only with local connections that may be instrumental in their business development but also with guidance and advice from experienced individuals who have navigated similar paths.In essence, this program is designed to serve as a catalyst for youth entrepreneurship in the Chaleur region, not only supporting individual entrepreneurial endeavors but also reinforcing the entrepreneurial ecosystem as a whole. Through financial support, education, and networking opportunities, the Future Entrepreneur Loan is equipping the youth with tools that go beyond mere financial assistance, aiming to establish a culture of entrepreneurship that extends into their future careers and lives.The importance of such programs cannot be overstated as they play a dual role in both supporting personal economic ventures and contributing to the broader socio-economic development of the region. By investing in the future generation, the region is ensuring a sustainable economic and cultural growth that aligns with modern business values, promoting innovative approaches and resilience in the ever-changing business landscape.
