For young entrepreneurs, it can be very difficult to secure a business loan. This is because banks are obviously hesitant to cut a cheque to someone with virtually no work experience and no guarantee that they’d be able to pay it back. Most young people don’t have very much in terms of assets and many carry a rather hefty debt from their student loans. Of course banks don’t want to lend them any more money.

Although there are many opportunities to make money online with next to no start-up capital — yes, success can cost almost nothing — most new business owners still need some money before they can really get started, whether it be the cost of designing a website or bringing a concept product into reality. So, where can these young people turn?

Thankfully, the people at CanadaOne have compiled an extensive list of organizations that are willing to provide grants and loans to young entrepreneurs in Canada. For example, there is the Western Youth Entrepreneur Program, which provides “up to $25,000 for entrepreneurs between 18 and 25 years of age in rural areas of western Canada.” If you need even more startup capital, you can consider something like BDC’s Young Entrepreneur Financing Program, which offers “customized term financing up to $100,000 for new businesses demonstrating long-term viability.”

The full list can be found on the CanadaOne website. Similar services and opportunities surely exist in the United States and Europe as well.