Driving Canada's Business Success

STAGE 2: STARTING YOUR BUSINESS

Apply Today – It's Easy!

You have the idea, the passion and the confidence that entrepreneurship is the right career for you. Now what? Now, you need to create a solid business plan, get the right financing, get matched with an outstanding mentor and launch the business. Follow these steps to learn how to put your ideas in motion.

Make your entrepreneurial dream a reality…
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CYBF Application Process Document

Now that you have learned all about the CYBF Program, you can refer to this overview of each of the steps in the CYBF application process. Refer back to this page at each step to track your progress and access the documents you need.

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step
1

Register as a CYBF Entrepreneur.

Contact your local Community Partner (CP) to get your CYBF access code.
Find a Local Community Partner near you
Register online as an Entrepreneur and create your username and password. This creates your Entrepreneur Profile with your menu of services.
Registration Link: https://www.cybf.ca/cybfapp/

step
2

Start thinking about and working on your business plan.

As an option, you can use CYBF's Interactive Business Planner by logging into your Entrepreneur Profile.
Login to create or edit your Business Plan
Learn more about the CYBF Interactive Business Planner

Optional: You can work with your local Community Partner to finalize your business plan as well as access other resources such as:
CYBF Online Business Resources
Entrepreneur-In-Residence for Pre-Launch Coaching

step
3

Submit Your Loan Application.

Once you are ready to apply for a CYBF Start-Up Loan, log back into your Entrepreneur Profile to fill out your Loan Application – Click on “Click here to apply for a CYBF Startup Loan” in your Entrepreneur profile menu.
Download the Reference Check Form - you will need 3 references as part of your application

Optional: Think about additional financing with the CYBF & BDC Program

step
4

If eligible, Attend an Interview and Receive Approval.

If eligible, your application will be reviewed by a local CYBF Loan Review Committee and a face-to-face interview will be conducted with you. If your application and business plan are recommended for approval, they will be sent to CYBF for final approval.

step
5

Be Hand-Matched with a Business Mentor.

After final approval from CYBF and completion of all loan documentation, you will be hand-matched with a local business mentor based on your skill set and business needs.
Learn more about CYBF's Mentoring Philosophy

step
6

Complete MENT2B™ Orientation Program.

Once you have your mentor, you need to sign in and complete the MENT2B™ Orientation Program together.

step
7

Receive Loan Funds.

Once MENT2B™ is completed, the loan funds will be advanced to you via electronic funds transfer. That’s it!

step
8

Make Payments and Submit Quarterly Reports.

Monthly Loan Payments are made to CYBF and Quarterly Progress Reports are Submitted

Quarterly Reports - What and Why

CYBF checks in with our entrepreneurs and mentors every 3 months to see how the business and mentoring relationships are doing. These Quarterly Reports take no more than 10 minutes to complete and give you and your mentor the opportunity to share your successes, concerns and ideas for improvement. The reports are also an opportunity to reflect on your progress so far.

A Quarterly Report Reminder will be sent by email at the end of each quarter so you always know when your reports are due and have the reporting instructions at your fingertips. Each report is read and reviewed by CYBF and allows us to follow your progress and keep in touch with you!