Youth Strategy Program

The Youth Strategy financing is a personal loan to be used by the entrepreneur as seed money in the form of capital. The entrepreneur will use it to acquire fixed assets, cover the start-up costs, or maintain sufficient working capital. A personalized support service and close monitoring will be provided to young entrepreneurs throughout the loan period.

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Features

  • Maximum investment of $15,000 per company
  • 24-month interest-free period
  • 7-year amortization
  • Interest rate: prime rate + 3%
  • Flexible repayment terms without penalties
  • Non-refundable contribution of maximum $500 (80% of costs), available for training or development workshops
  • Financing available for all business project partners

Eligibility

  • Must own or be starting a company whose head office, main activities, and related jobs are located in the SADC de Papineau territory
  • Show potential for development and economic viability
  • Demonstrate sound financial management
  • Aim at creating new jobs and/or retaining existing jobs

Investement Fund

The regular investment fund is financial assistance in the form of a loan offered to SMEs located in the SADC de Papineau territory to help them create or maintain long-term jobs. Financial assistance should be used in acquiring, implementing, modernizing, consolidating, reorganizing, or developing a business.

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Features

  • Maximum investment of $250,000 per company*
  • Assistance for promoters in preparing their business project
  • Flexible and tailored repayment terms
  • Follow-up of assisted businesses

Eligibility

  • Must own or be starting a company whose head office, main activities, and related jobs are located in the SADC de Papineau territory
  • Must be a for-profit business
  • Show potential for development and economic viability
  • Have satisfactory equity
  • Demonstrate sound financial management
  • Create new jobs and retain existing jobs