Amount:
$25,000.00
Type of Program:
Loan
Description:
The Term Loan provides up to $25,000 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:
Ongoing
Deadline:
Rolling Deadline
Eligibility:
The applicant must:
Application Steps:
Applicants must contact BBI for further details.
Documentation Needed:
No specific documentation has been identified
Other Things to Note:
No other details available.
Program Contact:
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