Entreprendre Sherbrooke — Créavenir Estrie

• 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

• 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.