The goal of this Fund is to encourage young people to acquire, start, expand or modernize a business.
Objectives of the Youth Strategy Program
- Encourage the acquisition, set-up, expansion or modernization of youth-operated businesses
- Promote job readiness for young people and enrich their social, cultural and economic commitment to the community
Financial assistance
- Personal loan from $5 000 to $25 000
- Repayable within a maximum of 7 years
- No interest for 24 months
- File opening fee: $75
- Management fees of 0.95% of the loan
- Interest rate based on financial risk
Eligibility
- Have its headquarters, its main activities and related jobs in the territory of the MRC of Coaticook
- Aged 18 to 39 years, inclusively
- The young entrepreneur has to be the majority owner of the company
- Two young people can be granted a loan for the same project