Type of Program:
The Support program provides assistance in the form of financing and skills development opportunities to registered non-profits in the cities of St. John’s and Mount Pearl to start or grow a Social Enterprise. By operating a Social Enterprise, an organization can generate funds for their programs, support their core mandate, gain financial independence, and achieve their strategic goals.
Comments on Funding:
Funding is in the form of repayable loans of up to $50,000 with low interest rates and flexible repayment terms.
There is no penalty for early repayment of loan principal.
When It Ends:
The applicant must:
No specific steps have been identified.
Applicants must contact MBO for details.
Other Things to Note:
First piloted in 2017, Support is a partnership between Metro Business Opportunities (MBO) and the Atlantic Canada Opportunities Agency (ACOA).