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Many Franchisors assist with various financing programmes. The chartered banks are often willing to finance franchise businesses to qualified lenders, especially if it is a very established franchisor that is involved. However, younger would-be entrepreneurs or those choosing a less-proven franchise model, often find financing more difficult to find. A possible solution is the Canadian Youth Business Foundation (CYBF).
Well, are you a young entrepreneur, aged 18 – 39, ready to start your own business? If so, the Canadian Youth Business Foundation (CYBF) is your ‘go to’ resource and we can help you bring a business idea to life! From pre-launch to growth and expansion, CYBF supports young entrepreneurs throughout the life-cycle of their businesses by providing pre and post-launch coaching, financing, mentoring and business resources. They offer different programs to support you, based on your individual needs. Check out the variety of programs presented below to see which approach is the best fit.
The Canadian Youth Business Foundation (CYBF) and their partner, the Business Development Bank of Canada (BDC) are in support Canada’s young entrepreneurs with financing to launch your business.
Once you are approved for funding from CYBF, you may also be eligible to receive additional financing – up to twice the initial CYBF loan offer. This opportunity is made possible through CYBF’s partnership with the Business Development Bank of Canada (BDC), and is only available through CYBF.
While this may sound somewhat complicated, it is actually quite easy. The CYBF consultants will gladly guide you through the process. Good Luck!