FIJE Fund

Q: How much funding can be received?

FIJE Fund Funds up to 50000% of admissible expenses.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: Is the FIJE Fund a grant, loan, or tax credit?

FIJE Fund is a Loans and Capital investments

Q: Who are the financial supporters of the FIJE Fund?

FIJE Fund is funded by Centre d'Aide aux Entreprises Haute-Yamaska et région (CAEHYR)

Q: Who is eligible for the FIJE Fund program?

To be eligible for the FIJE Fund program, you must: • Citizens between the ages of 18 and 39. • Women entrepreneurs. • Immigrants.

Q: Who can I contact for more information about the FIJE Fund?

You can contact Centre d'Aide aux Entreprises Haute-Yamaska et région (CAEHYR).

Q: Where is the FIJE Fund available?

The FIJE Fund program is available the province of QC.

Q: Are startups eligible for the FIJE Fund program?

Yes, startups are eligible to apply for the FIJE Fund program.

Q: Are women eligible for the FIJE Fund program?

Yes, women are eligible to apply for the FIJE Fund program.

Last Update: July 22, 2025

QC, Canada

Loans for business in Haute-Yamaska, Brome-Missisquoi or Rouville, Quebec

At a glance

Eligible Funding

Max. $50,000

Timeline

Open Date : November 1, 2023
Closing date : March 31, 2024

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Funds Providers

Unspecified

Program status

Closed

Overview

If you are a woman, a young person under 39 years of age or an immigrant, you may be eligible for a business loan of up to $50,000,

Financing terms and conditions

The FIJE Fund provides accessible financing solutions aimed at empowering women, immigrants, and young entrepreneurs embarking on business ventures. This initiative facilitates access to necessary capital, tailored conditions, and supportive resources to foster innovative and impactful business projects.

Loans available up to $50,000.
Interest rate set at the prime rate plus 3%.
Loan amortization period of up to 5 years.
Requires a minimum down payment of 10%.
Option for capital leave ranging from 6 to 12 months.
Reduced set-up fees and applicable management fees.
Personal guarantee and other securities are needed.
Submission of financial statements and financial forecasts is required.

Activities funded

This fund supports entrepreneurship projects among women, immigrants, and young individuals between 18 to 39 years old. It is designed to foster creativity and promote meaningful business creation activities.

Business creation projects involving women entrepreneurs.
Business initiatives led by young entrepreneurs aged 18-39.
Entrepreneurial ventures initiated by immigrants.
Creative and meaningful entrepreneurial projects that align with the values of the fund.

Examples of admissible projects:

$ 50,000

Acquisition of a local bookstore to promote local authors

$ 50,000

Opening a new bakery shop specializing in gluten-free pastries

$ 50,000

Expanding a tech start-up to develop a new AI product

$ 50,000

Starting a sustainable fashion brand with eco-friendly materials

$ 50,000

Expanding a farm-to-table restaurant specializing in local organic produce

$ 50,000

Modernizing fitness center equipment to enhance customer experience

Eligibility

Eligibility for the FIJE funds is based on specific criteria regarding the profile of the entrepreneurs or business owners.

The applicant must be a woman, an immigrant, or a young person aged 18-39.
The funding supports business creation projects aiming for creativity and meaningfulness.
Applicants must meet personal guarantee and other applicable security requirements.
The applicant must provide financial statements and financial forecasts.

Who is eligible?

Eligible applicants for the FIJE funds include citizens between the ages of 18 and 39, with a focus on women entrepreneurs and immigrants.

Eligible expenses

Yes, there are eligible expenses for this grant. Businesses can use the funds for various purposes such as start-up costs, equipment modernization, business acquisition, and expansion projects.

Start-up costs
Equipment modernization
Business acquisition
Expansion projects

Selection criteria

There are evaluation and selection criteria for this grant. The evaluation and selection criteria include:

Business viability and growth potential
Entrepreneurial experience and skills
Relevance of the project to the region
Job creation and economic impact

How to apply

Consultation of eligibility criteria

Check that you meet the eligibility criteria, such as age and immigrant or woman entrepreneur status.

Preparation of the documentation

Prepare the current financial statements of your company as well as the financial forecasts.
Compile all necessary supporting documents.

Project development

Write a detailed description of your business project, highlighting its creativity and meaningful potential.
Include a detailed business plan.

Meeting with a mentor

Participate in a mentoring session to refine your project and your application.

Submission of the request

Fill out the FIJE fund application form.
Attach all prepared and reviewed documents.
Send the complete file electronically or through the submission method specified by the FIJE fund.

Reception and follow-up

Receive a confirmation of receipt of your request.
Track the status of your request and wait for a response from the organization.

Additional information

Here are additional relevant details for this grant:

Workshops and mentoring sessions are available to assist applicants in their business development and enhance their entrepreneurial skills.
Some resources may be provided to help applicants successfully manage and grow their business post-funding.
The loan offers flexible capital leave which allows deferment of payments for a period ranging from 6 to 12 months, providing new businesses with breathing room to establish themselves.
Applicants are expected to provide personal guarantees and possibly other forms of security for the loans, ensuring the commitment towards repayment.
Applicants must prepare comprehensive financial statements and forecasts as part of the application process, highlighting the business's potential and financial strategy.
Reduced set-up fees and applicable management fees could make financial management more accessible for young businesses.

Documents and links

FIJE Fund

Apply to this program

Frequently Asked Questions about the FIJE Fund Program

Here are answers to the most common questions about the FIJE Fund. 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.