Entreprendre Sherbrooke — Créavenir Estrie

Q: How much funding can be received?

Entreprendre Sherbrooke — Créavenir Estrie Funds up to 15000% of admissible expenses.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the Entreprendre Sherbrooke — Créavenir Estrie a grant, loan, or tax credit?

Entreprendre Sherbrooke — Créavenir Estrie is a Grant and Funding

Q: Who are the financial supporters of the Entreprendre Sherbrooke — Créavenir Estrie?

Entreprendre Sherbrooke — Créavenir Estrie is funded by Entreprendre Sherbrooke

Q: Who is eligible for the Entreprendre Sherbrooke — Créavenir Estrie program?

To be eligible for the Entreprendre Sherbrooke — Créavenir Estrie program, you must: • The applicant must be between 18 and 39 years old (Créavenir) or at least 18 years old (Microcrédit Desjardins). • The applicant must have a viable business start-up or development project. • The applicant must not have access to conventional credit networks.

Q: Who can I contact for more information about the Entreprendre Sherbrooke — Créavenir Estrie?

You can contact Entreprendre Sherbrooke.

Q: Where is the Entreprendre Sherbrooke — Créavenir Estrie available?

The Entreprendre Sherbrooke — Créavenir Estrie program is available the province of QC.

Q: Are startups eligible for the Entreprendre Sherbrooke — Créavenir Estrie program?

Yes, startups are eligible to apply for the Entreprendre Sherbrooke — Créavenir Estrie program.

Q: Are youth (under 40) eligible for the Entreprendre Sherbrooke — Créavenir Estrie program?

Yes, youth under 40 are eligible to apply for the Entreprendre Sherbrooke — Créavenir Estrie program.

Last Update: July 22, 2025

Sherbrooke, QC

Supports young entrepreneurs with credit and business guidance

At a glance

Eligible Funding

Max. $15,000

Timeline

Unspecified

Financing Type

Grant and Funding

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Open

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.

Financing terms and conditions

Access to a line of credit up to $15,000, potentially increasing to $30,000 after six months of demonstrating good financial behavior, at a preferential rate of +0.5% for a duration of five years.
Business credit card with a limit of $1,000 at the preferential rate of +0.5%.
Maximum grant of $5,000 available, subject to conditions, which can be used as seed money to access other funding sources.
For Microcrédit Desjardins, a loan up to $20,000 is available, tailored to repayment capacity.

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

Wait for the decision of the Créavenir selection committee or the approval committee of the microcredit organization.

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.

Apply to this program

Frequently Asked Questions about the Entreprendre Sherbrooke — Créavenir Estrie Program

Here are answers to the most common questions about the Entreprendre Sherbrooke — Créavenir Estrie. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.