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LaunchSocial

ByMaurice

Amount:

$50,000

Type of Program:

In-Kind Support, Loan

Description:

LaunchSocial gives social enterprises flexible, revenue-based, and 'drawn-over-time' options for low-interest loans that can go up to $50,000 for first-time borrowers, without requiring personal guarantees. 

Comments on Funding:

Funding is a loan of up to $50,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must have a registered ownership interest in the property named in the application based on the Service NB Property Account Number (PAN).

Eligible projects:

  • be social enterprises;
  • be for profit social enterprises;
  • be in New Brunswick;
  • have a passion for creating positive impact;
  • have a way to make money by creating change;
  • be an organization (no personal financing);
  • have a plan and have people ready to make it happen.

Application Steps:

1

Applicants must contact Kaléidoscope through their online form.

Documentation Needed: 

No specific documentation has been identified.

Program Contact:

LaunchSocial by Kaléidoscope

Related posts:

New Brunswick Small Business: Complete Guide for Entrepreneurs
How to Get a Small Business Loan in New Brunswick: Quick Guide for NB Entrepreneurs
Business License New Brunswick: Step-by-Step Guide, Costs & More
Franchise Opportunities in New Brunswick: How to Find Franchises for Sale + Mistakes to Avoid

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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