CYBF Newcomer Program
Are you a new immigrant to Canada between the ages of 18 and 39 years, with dreams of being your own boss? The CYBF and the Business Development Bank of Canada (BDC) offer business start-up loans of up to $15,000.
To apply, you need:
- A business plan
- A letter from your bank confirming your account status
- Reference letters
The loan is repayable over 3 years, with interest-only payments in the first year.
You might also be able to participate in CYBF's Mentoring Program, which matches newcomer entrepreneurs with a mentor to help them learn about doing business in Canada.
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