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