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Canadian Youth Business FoundationThe Canadian Youth Business Foundation (CYBF), is a national charity providing start-up mentoring, financing and business resources for young Canadians, ages 18-34, to create their own successful businesses. The program is intended for young people who do not qualify for conventional funding. CYBF provides loans of up to $15,000 and on-line business resources that provide the foundation for new business start-ups. These loans include low interest rates, flexible 3-5 year repayment schedules and no principal payments for the first year. Additionally, what makes the critical difference between a new company's sustainable success and failure is their mandatory world-class mentoring program. (Applicants may be eligible for a further $15,000 fo financing through the Buisness Development Bank.) Expansion FundingIf you are an existing CYBF Entrepreneur and require additional funding in your third to fifth year of operation to expand your business, CYBF now offers expansion financing up to $10,000. Eligibility Requirements
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