STAGE 2: STARTING YOUR BUSINESS
The Canadian Youth Business Foundation (CYBF) is a national charity providing pre-launch coaching, business resources, start-up financing and mentoring to help you start your own successful business. If you are 18-34 and have a business idea...we can help!
When thinking of starting a new business or during the start-up process, entrepreneurs have lots of questions. CYBF helps young entrepreneurs through the planning stages by providing Pre-Launch Coaching. Through the assistance of our Community Partners and CYBF’s Entrepreneur-in-Residence, direct support and guidance are available.
Along with the one-on-one pre-launch coaching, entrepreneurs can benefit from the information found in our Online Business Resource Centre. Need help writing a business plan? Want to know more about skilled trades in your province? Want links to government resources? We make all of these resources available to you.
Entrepreneurs need money - that's no secret. CYBF lends young entrepreneurs up to $15,000* for their start-up. We support businesses of all kinds – skilled trades, retail stores, services, and everything in between. CYBF does not require security for its loans – CYBF lends based on character and a great business plan.
Along with your CYBF loan you will benefit from our mandatory world-class mentoring program. Every entrepreneur is hand-matched with an experienced business mentor for 2 years to allow knowledge sharing and ensure a higher business success rate. A mentor is an invaluable resource with years of business experience – and you get his or her assistance free for 2 years with your CYBF loan!
The CYBF program is designed to support you from the beginning of your entrepreneurial journey right to the end.
*CYBF lends up to $15,000. However, additional financing may be available through the CYBF-BDC Start-Up Financing Program, where you can get up to an additional $15,000. Plus, CYBF offers up to $10,000 for Expansion Financing. For more details, please see CYBF-BDC Start-Up Financing Program and CYBF Expansion Financing.