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  • About

Equity Loan

by Maurice | February 3, 2023

Amount:

$100,000

Type of Program:

Loans


Description:

CBDC NORTIP offers financial assistance to commercial entities wanting to start or expand a small business. CBDC NORTIP's equity loans have a maximum limit of up to $100,000. 

Comments on Funding:

Funding takes the form of equity loan of up to $100,000 or 10% of the cost of the project, which ever is less.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be:

  • commercial entities wanting to start or expand a small business;
  • in the Northern Peninsula.

Application Steps:

1

Applicants must contact CBDC NORTIP through their online contact form.

Documentation Needed: 

No specific documentation has been identified.

Other Things to Note:

CBDC NORTIP is one of 41 Community Business Development Corporations (CBDCs) operating in rural Atlantic Canada. The CBDCs are a network of not-for-profit organizations that work in co-operation with all levels of government and the private sector to meet the needs of small business 

Program Contact:

CBDC NORTIP - Development Corporation

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Businesses for Sale in Newfoundland & Labrador: Best Places to Buy + Mistakes to Avoid
How to Incorporate a Business in Newfoundland & Labrador: Step-by-Step Guide for New Entrepreneu...

About Maurice

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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