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.

 

November 3, 2020

NEW Website Coming

CFNCD is in the process of moving its website.  For the most recent information, please copy and paste the following address in your browser:  


https://cfmanitoba.ca/north-central