Start-up fund

You own a new business and would like to finance part of your working capital and fixed assets? The START-UP FUND is the financial tool for you.

This fund prioritizes new businesses operating in a low-competition sector that create or retain long-term employment and are managed by an efficient and competent team that has the commitment to start a new business.

Financial aid

The financial aid, up to $200,000 per business, is available in one of the following forms:

• Share capital
• Conventional loan
• Profit-sharing loan
• Profit-sharing loan with royalties

The repayment terms are adapted to the requirements of the business and the interest and/or return rate is established according to the risk tied to the file.

For what project?

• 75% of the working capital required to start the business
• 75% of fixed asset financing, such as equipment or building, required to start the business

Eligibility

• Your business must operate within the territory served by the CAE
• You must present a business plan and/or any document relating to the financial aid application
• Your business must have been in operation for less than 12 months
• You and your business partners must provide a cash investment or transfer assets equal to at least 25% of the project’s cost
• The minimum project cost is $15,000.

Guarantees

• Personal guarantee from the promoters
• Obtaining tangible guarantees

Eligible sectors

Primary, secondary or tertiary