This program is an excellent chance for young entrepreneurs like you to get the support you need to succeed. Whether you are starting a new venture or looking to grow an existing business, you can access financing that helps cover essential expenses. This means you won’t have to worry about initial costs like equipment or operational expenses right away.

Additionally, you will benefit from expert mentorship, connecting you with experienced entrepreneurs who can offer guidance and insights. Their support can help you navigate challenges and move your business forward more confidently. Furthermore, you will be part of a community that fosters networking opportunities, giving you access to resources and connections that can enhance your business journey.

This program stands out because there are no stringent revenue requirements and no immediate payback period for grants. You can focus entirely on your business without the stress of repayments lurking over your head. Don’t miss out on this opportunity to gain financial assistance and invaluable guidance as you embark on this exciting entrepreneurial journey.

Type of Financing
The program offers a combination of loans and grants. This means you may receive funds that you do not need to repay, along with a loan that helps you get started.

Repayment Terms and Interest Rates

• The loans typically have a repayment term of 5 years.
• The interest rate is generally around 0% to 8%, depending on your business's specific circumstances. This competitive rate makes it easier to manage your payments as your business grows.

Eligible Expenses
You can use the funds for a variety of expenses including:

• Start-up costs like equipment and supplies
• Marketing and promotional activities
• Operating expenses, such as rent and utilities

Ineligible Uses
The funds cannot be used for:

• Personal expenses or debt repayment
• Purchase of real estate or vehicles

Fees
There are no fees associated with the initial application or processing of the funding, making it straightforward to access the support you need.

• Age Requirement: Business owners must be aged 18-39.
• Location: The business must be located in Canada.
• Employee Count: No minimum or maximum number of employees is required.
• Revenue: No minimum or maximum revenue qualifications are specified.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifiers:

• No specific disqualifiers mentioned in the context.

This program is designed to support young entrepreneurs aged 18-39 in Canada. If you fall within this age range, you can access financing, expert mentorship, and valuable resources to help you launch and grow your business. Whether you're starting from scratch or looking to expand, the program offers tailored support to fit your needs.

You can receive financial assistance that can be used for a variety of business expenses. This can include costs related to developing your business idea, purchasing equipment, or covering initial operational costs. Additionally, the mentorship component allows you to learn from experienced entrepreneurs who can guide you through the ups and downs of running a business.

One of the great aspects of this program is that it is open to all business sectors. There are no minimum or maximum revenue requirements, so even if your business is just getting off the ground, you can still benefit. With no immediate payback period for grants, you can focus on building your business without the added pressure of repayments.