Sometimes people between 18 and 34 don't have the collateral or business experience to secure a loan through conventional channels. The Canadian Youth Business Foundation does not require an entrepreneur to have either the requisite collateral or business experience. What they do require is a business plan and a commitment to take on entrepreneurship as a full-time job, not as a part-time business or a summer job, per se. They require the entrepreneur to enter into a two-year mentorship agreement at minimum to ensure that they have proper supervision in order to give them the best chance and the best opportunity for their business to succeed.
