Summary of SME Financing Sources.docx

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Business Administration - Management
Course Code
Business Administration - Management FIS403

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Canadian Youth Business Foundation  Start-up money provided with a repayable 3-5 year up to $10,000  Business services and mentors  50% approval rate; 35% of applicants asked for additional information  Community partners listed on their website and other resources The Business Development Bank of Canada  Interest-free Student Business Loan program up to $3,000  Business consulting services  Young Entrepreneur Financing Program: start-up entrepreneurs between the ages of 18 and 34.  Financing up to $25,000 and 50 hours of customized support for start-ups Kickstarter  Crowdfunding platform launched in Canada in September, 2013 (has been in the US & UK)  Funding usually provided by individuals who are or might be consumers of the product  Requirements for approval: o Creativity o Timeline for produc
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