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CBDC Innovation Loan

ByMaurice

Amount:

$150,000.00

Type of Program:

Loan

Description:

The CBDC Innovation Loan is designed to encourage business productivity and effectiveness in the communities of rural Atlantic Canada by advancing the adoption of technologies for business. New technologies may include existing methods that have been adapted or repurposed for commercial applications. The loan could also be used for financing for new products or services and training, as well as financial support. 

Comments on Funding:

Funding is up to $150,000 per eligible borrower.
All loans are repayable and have competitive interest rates and repayment terms. Financial options include term loan and demand loans, loan guarantees or equity investments.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

  • be rural based businesses across Atlantic Canada,
  • be new or existing entrepreneurs located in rural areas,
  • be year-round or seasonal businesses,
  • have a realistic prospects of economic viability. Employment creation and/or maintenance in the community is also a key factor.

Application Steps:

1

Applicants must contact the CBDC personnel for further details.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Programs and services delivered by CBDCs may vary by region.

Program Contact:

Innovation and Technology Business Loans in NB, NL, NS & PEI

Related posts:

Indigenous Business Grants in Atlantic Canada (2023): Current List of Programs
Atlantic Canada Export Grants: Grow Into New Markets With These 12 Grants
Business Grants for Women in Atlantic Canada (2023): List of Programs
Black Business Grants in Atlantic Canada (2023): Complete List of Programs

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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