Impact Loan Program

Amount:

$25,000

Type of Program:

Loans

Description:

The Impact loan program is designed to offer a business start-up loan and expansion financing of up to $25,000 for small and medium-sized businesses in Greater Moncton.

Comments on Funding:

Funding is a loan of up to $25,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must be:

a small and medium-sized business;
a business start-up (entrepreneurs of all ages can apply);
an established business owner, as follows:

be ages 19-39;
be using the fund for expansion financing.

a business registered in either Dieppe, Riverview, or Moncton;
subject to a clean credit check;
a business that is operational year-round;
The loan cannot be used for a business where greater than 50% of the revenue comes from the sale of alcohol, tobacco, or any controlled substance. This also includes businesses commonly referred to as being part of the “Sin” category;
The loan cannot be used for the purchase of a vehicle, land, or a building.