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CBDC Youth Loan

ByMaurice

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The CBDC Youth Loan Program provides financial assistance to young entrepreneurs aged 18-34 for business startup, expansion or modernization in rural Atlantic Canada. 

Comments on Funding:

Funding is available in the form of a repayable loan with competitive interest rates and repayment terms. Financial options may include: demand and term loans, equity investments or loan guarantees.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants:

  • must be youth borrowers aged 18-34 and living in rural Atlantic Canada,
  • may use the loan for business startup, modernization or expansion,
  • must be seasonal or year-round businesses,
  • may take the loan for a variety of business expenses: start-up costs, fixed assets and/or working capital, acquiring assets of a previous business, leasehold improvements and franchise purchases,
  • may be sole proprietorships, limited companies partnerships (majority of the care and control must reside with the new entrepreneur),
  • should have a reasonable expectation of economic viability, as well as employment creation and/or maintenance in their community and the intended business operations must not have a negative impact on existing area businesses.

Application Steps:

1

Applicants must contact the CBDC personnel for further details.

Other Things to Note:

Programs and services delivered by CBDCs may vary by region.

Program Contact:

Young Entrepreneur (18-34) Small 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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