Youth Loan Program

Western Youth Entrepreneur Program

The Western Youth Entrepreneur Program is intended to help young entrepreneurs start up or expand a business.

Who can apply?

Applicants must be aged 18-34.

All business proposals will be considered, but certain sorts of businesses may be given priority.

Community Futures North Central Development (CFNCD) will only consider:

  • loans,
  • loan guarantees, or
  • equity participation.

What are the conditions for loans:

This is not a grant.

  • All loans must be repaid within five (5) years of the date of issue.
  • Interest rates range from bank prime plus 2 to prime plus 6%.
  • The maximum loan is $25,000.
  • The level of funding will depend on the feasibility of the applicant’s business plan.

How to apply:

The staff at Community Futures North Central Development will help you apply. A copy of the CFNCD Loan Appication is available in the download section on top right of page.

They will help you:

  • to complete application forms, and
  • to prepare a business plan.

The Business Development Committee will review all applications. It will either approve or reject the application.

 

January 16, 2018

Thompson to host 2018 Manitoba Winter Games

Exciting news for the north! The 2018 Manitoba Winter Games powered by Manitoba Hydro will be held in Thompson from March 4-10, 2018.  We anticipate Thompson to be a bustling hive of activity as we welcome 1800 athletes plus coaches, families and sport representatives!

January 11, 2018

Dragon's Quest Business Plan Competition

This competition is for Indigenous entrepreneurs who started a business after January 31, 2017 or that will launch before April 30, 2018.  Contest presented by Community Futures Manitoba through their Indigenous Business Service Network.  Deadline to enter is March 23rd. Rural and Urban categories with prizes up to $5,000.  Submit your business plan to enter.  For more information visit the CFM website here