Entreprendre Sherbrooke — Créavenir Estrie
Overview
The Entreprendre Sherbrooke — Créavenir Estrie grant provides up to $30,000 in financial support for young entrepreneurs to launch or develop their businesses. Eligible activities include business start-ups or expansions that have been operating for less than three years and do not have access to conventional credit networks.
At a glance
Funding available
- No objectives are currently available
- Maximum amount : 15,000 $
- Open continuously
Eligible candidates
- All industries
- Sherbrooke
- Estrie
- Quebec
- Non-profit
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
- Social economy enterprise
- All revenue ranges
- All organization sizes
- Youth (<40)
- Startups
- Economic, Social and Community Development
- Young adults
- Business owners / entrepreneurs
- All structures
- Regional
Activities funded
- Entrepreneurial startup projects by individuals aged 18 to 39.
- Development of an existing business established for less than three years.
- Projects that require alternative credit options due to limited access to conventional credit networks.
Eligibility
- The applicant must be aged between 18 and 39 years for the Créavenir program.
- The applicant must have a viable business start-up project or aim to develop an existing business that has been operational for less than three years.
- The applicant should not have access to conventional credit networks, or such access should be insufficient to realize the project.
- The applicant must be a member of a caisse.
Who is eligible?
The Créavenir Estrie program is aimed at individuals who meet specific eligibility requirements rather than focusing on specific types of companies or industries. Its primary audience consists of young entrepreneurs between the ages of 18 and 39 who have viable business projects, either as startups or as developments of businesses less than three years old, and who lack sufficient access to conventional credit networks. Similarly, the Microcrédit Desjardins program is open to entrepreneurs of any age with viable business projects, who are also unable to access traditional credit networks. Both programs emphasize the individual's status as an entrepreneur and their need for credit access over the specific industry or company type.
Eligible expenses
- Creation or development of a viable business plan.
- Initial capital requirement as a personal fund for leveraging other financing sources.
- Financial behaviors that contribute positively to creditworthiness.
Eligible geographic areas
- Sherbrooke, Quebec, Canada
- Estrie Region, Quebec, Canada
How to apply
Preparation of the business plan
- Write a detailed business plan that demonstrates the viability of the project.
- Include information such as objectives, strategies, target market, and financial forecasts.
Contact with the partner organization
- Identify the local development organization or microcredit partner in your area.
- Get in touch for advice or additional information.
Presentation of the file
- Submit your business plan to the partner organization.
- Make sure your file is complete and well-prepared before submission.
Project Evaluation
Transmission of the request
- If your project is accepted, prepare the necessary documents to formalize the funding.
- Finalize the terms with the organization to receive the proposed financial support.
Additional information
- The Créavenir program offers a preferential credit rate of +0.5% for both the line of credit and the business credit card.
- The maximum line of credit can increase from $15,000 to $30,000 after demonstrating six months of sound financial behavior.
- A business credit card with a limit of $1,000 is provided under the Créavenir program.
- A maximum grant of $5,000 is available under the Créavenir program, applicable as a down payment for accessing other funding sources, under certain conditions.
