FIJE Fund
Highlights
This program is designed for business owners like you who are looking to grow, modernize, or start new ventures. It offers a range of financing options tailored to meet your specific needs, whether you are starting a business, upgrading equipment, or expanding your operations.
Why Apply?
- Flexible Financing: Loans up to $150,000 for various business needs.
- Youth Strategy: Special loans up to $25,000 per young entrepreneur, with interest and capital reimbursement holidays for two years.
- Support for Women and Immigrants: Loans up to $50,000 with a capital reimbursement holiday for 6 to 12 months.
- Non-Repayable Contributions: Up to $1,000 for technical assistance and expertise.
What's in it for You?
- Tailored Support: Coaching and mentorship to ensure your business thrives.
- Easy Qualification: Designed to be accessible for businesses in the region.
- Long-Term Benefits: Flexible terms and repayment options to suit your financial situation.
By applying, you gain access to essential funds and expert guidance, making it easier to achieve your business goals. This program is a valuable resource to help you succeed and grow in your community.
Financing Details
Type of Financing: Loan
Repayment Terms and Interest Rates:
- CAE Fund: Loans up to $150,000 with variable terms.
- Youth Strategy: Personal loans up to $25,000 per entrepreneur, with an option for two individuals per business ($50,000 total). Interest reimbursement holiday and capital reimbursement holiday for two years.
- FIJE Fund: Loans up to $50,000 with a five-year term. Capital reimbursement holiday for 6 to 12 months.
- Fonds d’Investissement Local (FIL): Loans up to $50,000 with a five-year term.
- Futurpreneur: Loans up to $20,000, with an additional $40,000 available through a partnership with the Business Development Bank of Canada (BDC). Capital reimbursement holiday for the first year and a five-year term.
Eligible Expenses:
- Business start-up costs
- Modernization of equipment
- Business acquisition
- Business expansion projects
Ineligible Expenses:
- Personal expenses
- Non-business-related activities
Fees:
- No specific fees mentioned for the CAE Fund, Youth Strategy, FIJE Fund, or Fonds d’Investissement Local (FIL).
- For Futurpreneur, standard fees may apply as per their partnership terms with BDC.
Qualifications
- Business must be located in the RCM of the Haute-Yamaska.
- Business must be involved in start-up, modernization, acquisition, or expansion projects.
- For the Youth Strategy, entrepreneurs must be between 18 and 39 years old.
- For the FIJE Fund, entrepreneurs must be women, immigrants, or young individuals between 18 and 39 years old.
For the Futurpreneur program, entrepreneurs must be between 18 and 39 years old.
Disqualifications:
- Businesses located outside the RCM of the Haute-Yamaska.
- Entrepreneurs outside the age range of 18 to 39 years old for the Youth Strategy, FIJE Fund, and Futurpreneur programs.
Description
This program offers your business several financial assistance options to help you grow and succeed. You can borrow up to $150,000 for starting, expanding, or modernizing your business. This money can be used for various purposes, such as purchasing new equipment, expanding your facilities, or even acquiring another business.
If you are a young entrepreneur aged 18 to 39, you can get a personal loan of up to $25,000. If you have a partner, you can both apply for a combined total of $50,000. This loan comes with an interest reimbursement holiday and an option for a capital reimbursement holiday for two years, giving you time to establish your business before starting repayments.
For women, immigrants, and young entrepreneurs, there is a special fund offering loans up to $50,000 with a capital reimbursement holiday for 6 to 12 months and a five-year term. Additionally, there is a non-repayable contribution of up to $1,000 to access outside expertise in various areas, helping you get the professional advice you need without the burden of repayment.
These financial options are designed to support your business's growth and stability, making it easier for you to focus on what you do best.
Program Steps
Gather Required Documentation:
- Business Plan
- Financial Statements (last two years)
- Personal Financial Statement
- Details of intended use of funds (e.g., quotes for equipment, renovation costs)
- Identification documents for business owners
Complete the File Creation Form:
- Fill out the necessary details about your business and the project for which you are seeking financing.
Review Loan Terms and Options:
- Understand the different financing options available, including interest rates, repayment terms, and any capital reimbursement holidays.
Contact CAE Haute-Yamaska et région:
- Reach out via email ([email protected]) or phone (450-378-2294) for guidance on the application process and to clarify any questions.
Submit Your Application:
- Provide the completed File Creation Form and all required documentation to CAE Haute-Yamaska et région.
Application Review:
- The organization will review your application to ensure it meets all criteria and aligns with the program’s objectives. They may request additional information if needed.
Approval and Loan Disbursement:
- Upon approval, discuss the final loan terms, including the interest rate, repayment schedule, and any associated fees. Once agreed upon, the loan funds will be disbursed to your business.
