The BDC is different from regular banks because it focuses entirely on Canadian businesses. It's aimed at giving start-up entrepreneurs between the ages of 18 and 34 a solid foundation for building a new business. The program also offers 50 hours of business management consulting to ensure that entrepreneurs get their businesses off the ground. The financing can be used for start-up and operating costs. Financing for approved applications is provided on a first come, first served basis.
Venture capitalists Venture capitalists and angel investors are another form of funding.
Venture capitalists are the wealthy people who pool their cash together and sponsor businesses. Angel investors are even better because they will give you the equity to start your business and just take a backseat in the operation. As well, youth entrepreneurship and community loan programs are popping all across the country. Try to find out what's available in your neck of the woods. The program is available to First Nations and Inuit youth living on reserves or Inuit communities.