Programme de microcrédit ### 📋 Eligible Entities - Micro-enterprises and small businesses - Sole proprietors and self-employed individuals - Entrepreneurs starting or expanding a business - Social enterprises and cooperative organizations - Businesses operating in underserved or marginalized communities - Applicants who may not qualify for traditional bank financing ### 💰 Funding Details - Loan Amount: Maximum $5,000 CAD - Repayment Terms: Flexible repayment schedules tailored to cash flow capacity - Interest Rate: Varies by lender/program administrator (typically competitive micro-lending rates) - Loan Type: Non-forgivable loan (must be repaid) - Collateral Requirements: Minimal or no collateral required - Additional Services: Access to business management support services included with loan ### 🛠️ Approved Expenses - Working capital and operating expenses - Purchase of equipment and tools - Inventory acquisition - Technology and software investments - Business training and development - Marketing and promotional materials - Professional services (accounting, legal consultation) - Lease deposits or rent advance payments - Business licenses and permits ### ⚠️ Conditions & Milestones - Applicant must demonstrate viable business plan and repayment capacity - Personal credit history review may be required - Business must be legally registered or in process of registration - Mandatory participation in business management training or mentoring services - Regular reporting on business performance and loan utilization - Repayment must commence according to agreed schedule - Loan funds must be used for approved business purposes only - Lender may require periodic financial statements or updates - Early repayment typically permitted without penalty