This fund is available to those who have successfully completed the 10-week Entrepreneurship Training Course, a viable business plan and have completed a loan application. The fund supports the creating or expansion of viable Kahnawà:ke Aboriginal businesses and offers direct loans at a maximum of $15,000 for youth, ages 15 to 35. Interesting features of this fund are an interest rate of prime + 4% (not to exceed 8.5%), low fee-only payment option for the first year and a 75/25% Forgiveness Benefit whereby 25% of the loan is forgiven once 75% is repaid in a timely manner. Cash equity is not required to access this fund.
Contact the Tewatohnhi’saktha Loans Officer Tel: 450-638-4280