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.

 

There are no current notices.