Type of Program:
The Term Loan provides up to ,000 in financial assistance to new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland. Loans can be used for capital equipment acquisition, working capital, or short-term receivable financing.
Comments on Funding:
Funding is up to $25,000.
The interest rate is based on risk assessment, repayment terms vary and there is a $100 administration fee. The first year is interest-free
When It Ends:
The applicant must:
Applicants must contact BBI for further details.
No specific documentation has been identified
Other Things to Note:
No other details available.