How much funding can be received?

Funds up to 20% of admissible expenses, capped at $10000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Beauce Sartigan — Young Promoters Fund (YP)?

MRC Beauce Sartigan — Young Promoters Fund (YP) is funded by MRC Beauce-Sartigan

What are MRC Beauce Sartigan — Young Promoters Fund (YP)'s eligibility criterias?

Business must create or maintain at least two permanent jobs. Applicant must own at least 50% of the business (or minimum 25% of voting and participating shares for business succession). Business plan and financial forecasts must demonstrate viability.

MRC Beauce Sartigan — Young Promoters Fund (YP)

Last Update: June 23, 2025

Beauce, QC

Support for young entrepreneurs starting or acquiring a business

MRC Beauce Sartigan — Young Promoters Fund (YP) at a glance

Eligible Funding

Max. $10,000
Up to 20% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

MRC Beauce-Sartigan

Status

Open

Overview of the MRC Beauce Sartigan — Young Promoters Fund (YP) program

The Fonds Jeunes Promoteurs (JP) aims to support young entrepreneurs aged 18 to 39 in creating or acquiring their first business by offering technical and financial assistance, with a maximum funding amount of $10,000 per enterprise. Eligible activities include projects that demonstrate viability through a business plan, create or maintain at least two permanent jobs, and are supported by a minimum equity investment of 20%.

Financing terms and conditions

Loan of $5,000 per promoter, with a maximum of $10,000 per business.
Interest-free financing.
The total funding cannot exceed the promoter's personal financial contribution (minimum 20%).
35-month capital repayment moratorium from the date of first disbursement.
Repayment in two annual instalments: 50% of the loan balance due three years after first disbursement, and the final payment one year later.

Eligible projects & activities

Starting a new business led by young entrepreneurs.
Acquiring an existing business as a first-time young owner.

Eligibility criteria of the MRC Beauce Sartigan — Young Promoters Fund (YP) program

The applicant must be an individual aged between 18 and 39 years old.
The person must possess relevant experience or training related to the proposed project.
The applicant must commit to working full time in the business.
The applicant must own at least 50% of the business (or at least 25% of voting and participating shares in succession projects).
The project must create or maintain at least two permanent jobs.

Who is eligible?

This grant is aimed at young entrepreneurs who wish to create or acquire their first business. It supports them with technical and financial assistance.

Must be between 18 and 39 years old.
Should have relevant experience or training related to the project.
Commit to full-time work in the business.
Own at least 50% of the business shares, or at least 25% of voting and participating shares for succession projects.
Have a business plan and financial forecasts demonstrating project viability.
Create or maintain at least two permanent jobs.
Provide a down payment of at least 20%.

Eligible geographic areas

Businesses located in the territory of the MRC Beauce-Sartigan.

How to apply to the MRC Beauce Sartigan — Young Promoters Fund (YP) program

Eligibility check

Confirm that you meet all the eligibility criteria related to age, experience, and capital participation in the company.

Preparation of the file

Prepare a business plan and financial forecasts demonstrating the viability of the project.
Assemble documentation proving your contribution of at least 20%.
Write a proposal detailing the creation or maintenance of at least two permanent jobs.

Consultation with the CEB

Make an appointment with an advisor from the Beauce Economic Council to evaluate your project and receive advice.

Submission of the request

Prepare all the required forms for the loan application.
Submit your application by the indicated method, for example in person or by mail, according to the instructions received during the consultation.

Follow-up on the request

Wait for the response of the Economic Council of Beauce regarding the decision on your request.
Be prepared to provide additional information if necessary.

Additional information

The information provided is an abbreviated overview of the program and may be subject to change.
Consultation with an advisor from the Conseil économique de Beauce is required.
Other conditions may apply beyond those listed.