NEWS

What's new at BDP?

The Business Development Program (BDP) is the Community Partner for the Canadian Business Youth Foundation offering mentorship, guidance and business loans for youth 18 - 34. For further information visit www.cybf.ca or contact Geri Byrne at the Business Development office 250 833-0688.

The Canadian Youth Business Foundation - www.cybf.ca

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...they can help!

Entrepreneurs need money - that's no secret. CYBF lends young entrepreneurs up to $15,000 for their start-up. Plus additional financing may be available through CYBF’s partnership with the Business Development Bank of Canada (BDC), where you can get up to an additional $15,000. That’s not it. CYBF also has an expansion program, which offers up to $10,000. That’s a total of $40,000 possibly available for your new venture. CYBF supports businesses of all kinds – skilled trades, technology, retail, services, and everything in between. CYBF does not require security for its loans – They lend on character and a great business plan.

Along with your CYBF loan you will benefit from their mandatory world-class mentoring program. Every entrepreneur is hand-matched with an experienced business mentor for a minimum of 2 years to allow knowledge sharing and ensure a higher business success rate. A mentor is an invaluable resource with years of business experience, often it’s the difference between success and failure - and you get his or her assistance free for a minimum of 2 years with your CYBF loan!

The CYBF program is all about support from the beginning of your entrepreneurial journey right through all of your milestones. We are proud to be your official Community Partner for the CYBF Program.

Eligibility Requirements:

• Between 18-34 years old
• Eligible to work in Canada (work permit holders not eligible)
• Produces a complete and viable business plan
• Has been in business, fully operating, for less than 12 months
• Lives or opens the business in the community which is offering the CYBF program
• Has some training / experience related to their business idea
• Work with qualified business mentor for a period of two years
• Has a business that creates full-time sustainable employment for the applicant
• Must hold at least 51% voting share in the business (if a partnership)
• Not a full-time student
• Loan proceeds may NOT be used for the refinancing of existing debt

Plus, if you are a Newcomer to Canada and live in British Columbia or Ontario, CYBF offers a unique financial and cultural mentoring program to help you to understand how to do business in Canada and get you started.

GET STARTED NOW!

Visit www.cybf.ca for more information about the program, eligibility criteria and all their services.
or Contact Us, your local CYBF Community Partner at Salmon Arm Business Development  today at www.gbyrne@salmonarmbdp.com