Common Questions from Financer?

Hi.
I am in the middle of trying to obtain a grant for this web business idea I have, in particular, I am getting it from the Summer Company Program with whom I have submited a business plan to.

I got an interview with them next week, and I was wondering what questions they might have installed for me? Any thoughts would be greatly appreciated as I have never tried to obtain financing before. Thankyou all in advance!

Originally Posted by rcxotic

Hi.
I am in the middle of trying to obtain a grant for this web business idea I have, in particular, I am getting it from the Summer Company Program with whom I have submited a business plan to.

I got an interview with them next week, and I was wondering what questions they might have installed for me? Any thoughts would be greatly appreciated as I have never tried to obtain financing before. Thankyou all in advance!

wow i went on the site this seems pretty cool. so this organization gives you money to start up a buisness and this is only for youth?

Yep. it seems pretty cool!
Last year they gave out more then 200 awards, and you don't have to repay the $$ at all, just update them one how your biz is doing. I first saw this program on a chinese television show. One of their guests was an Ex awardee who made those discount coupon booklets for university students to go to differetn places and buy stuff.

The requirements:
• a student 15-29 years of age as of April 10th, 2006; applicants under
18 years must have a parent or guardian sign the application
• proposing a new business
• attending school full-time and returning to school full-time in
the fall
• a resident of Ontario
• a Canadian citizen or a landed immigrant
• not operating an existing or previously existing business venture or
employed elsewhere (working for more than 12 hours per week)
during the term of the operation of the Summer Company program,
and
• prepared to commit a minimum of 35 hrs. a week, on average,
for a minimum of 8 weeks to the experience (as defined in the
business plan)