CBDC Chaleur Future Entrepreneur Loan
NS, Canada
Loan for young entrepreneurs in New Brunswick
grant_single|update March 29, 2025
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|terms_and_conditions
The Future Entrepreneur Loan program offers accessible financing options for young entrepreneurs in the Chaleur region, facilitating their journey into business ownership. The modalities are designed to encourage entrepreneurship by providing favorable loan conditions and potential grants.
- Loan amount of up to $1,500 available with 0% interest.
- Flexible reimbursement schedule tailored to accommodate young entrepreneurs.
- A grant up to 30% of the loan value, contingent upon certain conditions being met.
grant_single_labels|projects
The CBDC Chaleur Future Entrepreneur Loan supports entrepreneurial ventures initiated by young individuals in the Chaleur region. While explicit types of eligible projects are not detailed, the emphasis is on creating micro-enterprises that offer practical work experience to the participants.
- Creation and development of youth-led micro-enterprises.
- Projects that provide practical work experience for young entrepreneurs.
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_eligibility_criteria|zone
This loan is specifically designed for youths in the Chaleur region. Eligibility is tightly connected to this geographic area to support local entrepreneurial development.
- Youths aged 14 to 19 residing in the Chaleur region.
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|apply
Apply to this program
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