Youth Strategy Loan
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Contribution of capital to one or two individuals between the ages of 18 and 39 to help start, acquire, modernize or expand a business1 .

 

Financing offer :

  • Personal loans to individuals :

- Ranging from $5,000 to $15,000 for business start-ups, modernizations and expansions;

- Varying between $5,000 and $25,000 exclusively for business acquisition, convertible into a SADC succession and continuity loan.

  •  Interest vacation for 24 months and possibility of capital vacation for the same period;
  • Maximum amortization period of 84 months.

 

Basic criteria essential for processing a request :

  • The company must operate in the designated territory of the Lac-Saint-Jean-Est MRC;
  • The individual must be between the ages of 18 and 39 inclusively;
  • The individual must be the majority owner of the company, or have control over it through a shareholder agreement;
  • The individual must enjoy decision-making power alone or jointly with other entrepreneurs;
  • The company must operate in prioritized, non-competitive sectors. non-competitive2 (see priority sectors);
  • The application must be supported by a business plan;
  • The project must be viable and profitable;
  • The individual must create his or her own job, or help to maintain or create new jobs;
  • The individual must demonstrate strong personal commitment and coaching skills;

 

Priority sectors :

Primary sector :

  • Agriculture :

In an effort to broaden the community's agricultural base, agricultural intervention priorities are focused on :

- traditional traditional3 with distinct added value and/or marketing;

- non-traditional agriculture.

  • Mining and natural resources :

This sector is prioritized indiscriminately, including granite, marble, peat, forestry and hydroelectricity.

Secondary sector :

  • Processing and manufacturing plant.

Tertiary sector :

  • Non-competitive or essential to a specific community.

Quaternary sector :

  • Biotechnology;
  • Software and systems design.

 

1 : NPO and cooperative not eligible.

2 : In order to address the problem of the exodus of young people and the need for young people to take over businesses, the non-competition clause could be waived for company takeovers.

3 : Traditional agriculture is defined as follows: dairy farm, beef cattle farm, market garden, pig farm, poultry farm (eggs) and sheep farm.