STAGE 2: STARTING YOUR BUSINESS

Eligibility/Loan Details:
CYBF Succession Financing

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.

You may have the opportunity to take over an existing company, instead of starting something brand new. CYBF's Succession Financing Program can support that entrepreneurial path too.

Succession Loans must meet the same criteria as Start-Up Loans, with one exception:

For Succession Loans only, you have until the end of the fifth year of operation to attain 51% ownership in the Company financed by CYBF.

Under normal Start-Up criteria, you must have 51% ownership at inception.


The Canadian Youth Business Foundation (CYBF) is the ‘go to’ place for youth entrepreneurship. As a national charity, we are dedicated to growing our nation’s economy one young entrepreneur at a time. We look at character not collateral, when providing youth, age 18-34, with pre-launch coaching, business resources, start-up financing and mentoring, to help them launch and sustain a successful entrepreneurial business.

Driving Canada's Business Success By Helping Youth Help Themselves