Expansion Financing for Youth

The Canadian Youth Business Foundation (CYBF) is a national charity providing start-up mentoring, financing and business resources to help youth start their own successful business.

If you are an existing CYBF entrepreneur requiring additional funding, between 36 to 60 months into operation, and want to expand your business, the CYBF offers expansion financing up to $10 000.

Eligibility Criteria

• Between the ages of 18 to 34 (must not have reached your 35^th birthday prior to the date of the application).
• Available to CYBF businesses who have been in operation between 36 to 60 months from the date of the CYBF advance (no funding beyond the 60^th month of the original loan disbursement - clients who have liquidated their loans are also eligible).
• Quarterly reports as of January 2006 must be up-to-date.
• Loan proceeds may NOT be used for the refinancing of existing debt.

New Brunswick Contact(s):
See National Contact.

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National Contact(s):
Canadian Youth Business Foundation
Suite 1410
100 Adelaide Street West
Toronto, Ontario  M5H 1S3
Fax: 1-877-408-3234
Toll-free (information): 1-800-464-2923
Web site: http://cybf.ca/contact-us/