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
Activities eligible for this grant:
- Creating a micro-enterprise
- Acquiring work experience through entrepreneurship
grant_single|admissibleProjectsExample
$1,500
Saint John
Starting an organic vegetable delivery service in Saint John.
$1,300
Bathurst
Launching a custom T-shirt printing business in Bathurst targeting local sports teams and events.
$1,500
Dieppe
Creating a youth-led book club app development project in Dieppe.
grant_single_labels|admissibility
- Loan amount up to $1,500
- 0% interest
- 14 to 19 years old
- Flexible reimbursement schedule
- Grant up to 30% of the loan value
- Eligible to one family member only
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for the Future Entrepreneur Loan grant:
- Youth aged 14 to 19 in the Chaleur region
- Those who wish to start their own micro-enterprise
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: Contact CBDC Chaleur at 548-5951 or follow their social media for #FutureEntrepreneurLoan
- Step 2: Discuss eligibility criteria and requirements with CBDC Chaleur
- Step 3: Prepare a business plan and proposal for the micro-enterprise
- Step 4: Submit the loan application to CBDC Chaleur
grant_single_labels|contact
548-5951
Apply to this program
Future Entrepreneur Loan Program Summary
The Future Entrepreneur Loan program offers youth aged 14 to 19 in the Chaleur region the opportunity to start their own micro-enterprises with a loan of up to $1,500 at 0% interest. Participants can also receive a grant of up to 30% of the loan value to support their entrepreneurial endeavors.
Explaining the Future Entrepreneur Loan Program in the Chaleur Region
The Future Entrepreneur Loan program by CBDC Chaleur is designed to empower young individuals by providing them with financial resources and support to kickstart their entrepreneurial journey. This initiative aims to foster a culture of entrepreneurship among the youth, encouraging innovation and creativity in business development.
Young entrepreneurs between the ages of 14 and 19 can benefit from a loan of up to $1,500 with favorable terms, such as 0% interest and a flexible repayment schedule. Additionally, the program offers a grant of up to 30% of the loan value, further incentivizing young participants to pursue their business ideas.
By enabling youth to establish their micro-enterprises, the Future Entrepreneur Loan program not only supports the growth of new businesses but also cultivates a sense of ownership and self-reliance among the next generation of entrepreneurs. The opportunity to access financial assistance and guidance from CBDC Chaleur can be a crucial stepping stone for young individuals looking to turn their entrepreneurial dreams into reality.
In order to qualify for the grant reimbursement of 30% of the loan value, participants are required to repay the loan within 12 months of starting their business and submit a comprehensive final report detailing the operations of their enterprise. This accountability mechanism ensures that the funds are utilized effectively and transparently towards the success of the young entrepreneurs.
By offering support for youth entrepreneurship, the Future Entrepreneur Loan program in the Chaleur region not only encourages economic growth and job creation but also nurtures a spirit of innovation and business acumen among the younger population. Through this initiative, CBDC Chaleur aims to bridge the gap between aspiring entrepreneurs and established business owners, fostering a network of collaboration and learning in the local entrepreneurial community.
For more information on how to apply for the Future Entrepreneur Loan and kickstart your entrepreneurial journey, interested individuals can contact CBDC Chaleur at 548-5951 or stay tuned to their social media channels for updates on the #FutureEntrepreneurLoan program. Empower the next generation of entrepreneurs with the support and resources they need to thrive in the competitive business landscape.
