SADC Shawinigan — Youth Strategy Fund

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.

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.

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.