Business Development Program (BDP)
no fixed amount
Loan
Description:
The Business Development Program (BDP) helps entrepreneurs launch, modernize and grow their business in Atlantic Canada.
Comments on Funding:
Funding is an interest-free and unsecured contribution for 50% of eligible costs for start-ups and business expansions and an interest-free contribution to cover up to 75% of eligible costs for activities such as staff training, efficiency studies, marketing/trade activities, productivity improvements, quality assurance, environmental management systems.
Continuous Intake
Eligibility:
Applicants must be:
1. SMEs,
2. startups,
3. not-for-profit organizations.
Application Steps:
Applicants must:
1. contact their nearest ACOA office to discuss their project;
2. complete and submit the Application for Financial Assistance form.
Documentation Needed:
For-profit applicants must submit a completed application form and the following supporting documents:
1. incorporation documents and information on ownership (names and percentage of ownership), 2. financial statements (current and last two years),
3. R&D project plan, business plan and/or marketing plan,
4. supplier quotes,
5. copies of relevant permits and licenses,
6. other relevant documents (specify). Not-for-profit applicants and other applicants must submit a completed application form and the following supporting documents:
1. constituting/ incorporating documents and list of directors/members of the board, 2. financial statements (current and last fiscal year),
3. description and mandate of the applicant, including the management and qualifications of key personnel,
4. HST rebate information (I.E. rebate rate),
5. one of the following two items is required: (R&D) project plan or detailed project description, including milestones, costs, financing, key partnerships, established evidence of support from the community,
6. supplier quotes,
7. copies of relevant permits and licenses, 8. other relevant documents (specify).
About the author
Maurice