SADC Shawinigan — Youth Strategy Fund
At a glance
- From $5,000 to $25,000
- Unspecified
Overview
The Fonds Stratégie Jeunesse provides financial assistance in the form of a personal loan ranging from $5,000 to $25,000, aimed at supporting young entrepreneurs (aged 18-39) in projects like business acquisition, succession, startup, and growth activities. This program requires that the business operations are carried out in Shawinigan, ensuring the enterprise's long-term economic viability.
Financing terms and conditions
The SADC Shawinigan — Youth Strategy Fund offers financial support to young entrepreneurs to help realize their entrepreneurial projects. The financing modalities are designed to support acquisition, succession, startup, and business growth endeavors effectively.
- Personal loans ranging from $5,000 to $25,000 are available.
- An interest-free period of up to 24 months is offered.
- Two young entrepreneurs may receive funding for the same project.
Activities funded
The Youth Strategy Fund aims to support young entrepreneurs in Shawinigan through various business development activities. The eligible projects are diverse and focus on enabling the acquisition, succession, start-up, and growth of businesses.
- Projects for acquiring existing businesses to continue or expand operations.
- Succession planning and execution for businesses requiring leadership transition.
- Startup ventures, helping young entrepreneurs launch new businesses.
- Expansion initiatives for growing existing businesses and increasing market reach.
Eligibility
Eligibility for the "Fonds Stratégie Jeunesse" grant requires meeting specific criteria related to the applicant's profile and business project.
- The proposed business project must operate in Shawinigan.
- The applicant must be aged between 18 and 39 years inclusive.
- The applicant must be the majority owner of the business.
- The applicant must ensure the long-term economic viability of the company.
- The applicant must demonstrate knowledge and experience relevant to the business sector.
- Applicants must have engaged with a financial institution.
- There must be evidence of a potential market for the business.
Who is eligible?
This grant is aimed at young entrepreneurs looking to acquire, transition, start, or grow a business, specifically within the Shawinigan area. To qualify, applicants need to fulfill specific conditions.
Eligible geographic areas
This grant is tailored for businesses operating within a specific regional context. The eligible location for this grant is outlined by the grant maker.
- Shawinigan, Quebec, Canada.
How to apply
Project Preparation
- Identify and define the business project for which funding is required.
- Ensure the long-term economic viability of the project.
- Evaluate the potential market for the project.
Eligibility Criteria
- Ensure that you meet the age (18-39 years) and location (operations in Shawinigan) requirements.
- Check the ownership of the majority of the company.
- Confirm relevant experience and knowledge in the field of activity.
Financial procedures
Collection of documents
Complete the online request
- Use the online funding application form to enter the required information.
- Carefully review the application to ensure the accuracy of the information provided.
- Upload the required documents on the online platform.
Submission of the application
Confirmation
Additional information
Here are additional relevant details for this grant:
- Two entrepreneurs can apply for a loan for the same project, enhancing collaborative opportunities.
- An interest-free period of 24 months provides financial relief during the early stages of business development.
- Existing businesses may receive expedited processing within two weeks, subject to specific conditions.
- A printable version of the application form is available, helpful for preparing before starting the online application.
- The SADC Shawinigan offers additional services like digital transformation and human resources management support, which can complement the financial assistance provided by the grant.