CBDC Chaleur Future Entrepreneur Loan Analysis ### 📋 Eligible Entities - Prospective entrepreneurs aged 14 to 19 years old - Must be residing in or planning to operate in the Chaleur region of New Brunswick - Youth who have not yet established a business or are in the early planning stages - Individual applicants (sole proprietors) ### 💰 Funding Details - Loan Amount: Up to $1,500 - Repayability: This is a loan, not a grant (must be repaid) - Forgiveness Component: Up to 30% of the loan value may be reimbursed/forgiven upon successful completion of program requirements - Example: On a $1,500 loan, up to $450 could be forgiven - Remaining balance must be repaid according to loan terms - Interest & Terms: Not specified in description (contact CBDC Chaleur for details) ### 🛠️ Approved Expenses - Business startup costs and initial operating expenses - Equipment and tools required for the business - Inventory or stock purchases - Marketing and promotional materials - Business training or development courses - Technology and software for business operations - Other expenses directly supporting business launch and viability (Specific restrictions may apply; confirm with CBDC Chaleur) ### ⚠️ Conditions & Milestones - Age Requirement: Must be between 14–19 years old at time of application - Geographic Requirement: Must operate within the Chaleur region of New Brunswick - Loan Forgiveness Conditions: The 30% reimbursement is conditional on: - Successful completion of entrepreneurship training or mentoring program - Meeting specified business milestones and performance targets - Timely loan repayment during the program period - Compliance with all program requirements - Repayment Obligation: Remaining 70% of loan (minimum) must be repaid - Timeline: Not specified (contact CBDC Chaleur for application deadlines and repayment schedules) - Documentation: Business plan and personal