Summary

    • Amount of the loan: $7,500
    • Processing of files: 1 application per project/business
    • Annual interest rate: 2 %
    • Capital repayment holiday: 6 months interest free
    • Repayment and amortisation: 2 years, 24 months following the 6-month capital repayment holiday
    • Down Payment: none
    • Personal liability of the entrepreneur: required
    • Early repayment: no penalty
    • Majority shareholders: 18 to 40 years old, Canadian citizens or permanent residents