CBDC Innovation Loan

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.