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- Créavenir Loan
Créavenir Loan
A leg-up for young entrepreneurs
This loan offered by Caisses Desjardins can total up to $36,000 and can be used as a personal down payment to access other sources of financing. Entrepreneurs between 18 and 35 may apply.
Maximum Amount
$36,000
Type of Financing
- Line of credit and business grant
- Made up of :
- a line of credit of a maximum of $15,000 that can be increased to $30,000 after 6 months
- a business grant of a maximum amount of $5,000 and a corporate credit card of $1,000
Eligible Expenses
N/A
Interest Rate
Prime rate + 0.5% for a 5-year period
Main Eligibility Criteria
- Submit a diversified financial package
- Be a member, or become a member, of one of the participating Caisses Desjardins
- Be an entrepreneur between the ages of 18 and 35
- Operate in the region of a participating Caisses Desjardins
- Submit a viable startup project, a consolidation project for a business opened less than 3 years ago or a project to take over an existing business
- Submit a project that will help to create and/or maintain jobs
- Be legally constituted or in the process of becoming so
- Have control over the business and there work full-time
- Have experience and training that is relevant to the project
Key Documents to be Submitted
- Duly completed Créavenir application form
- Business plan
- Projected financial forecasts for the next 2 years of the business
- Entrepreneur’s personal financial statement and credit report
- Proof of age of the entrepreneur
Book an appointment!
DEL can help you find the right financing for your business needs. Our services are free of charge.
