Loans Available to Newfoundland and Labrador Businesses
Business Investment Fund – Business Investment Program
Amount: $1,000,000.00 Type of Program: Loan & Investment Description: The Business Investment Program provides term loans and equity investments to Newfoundland and Labrador SMEs in strategic growth sectors as identified by Industry, Energy and Technology (IET). The fund is also available to businesses which have export potential and require assistance to enter or expand in
Fisheries Loan Guarantee Program
Amount: $3,000,000 Type of Program: Loan Guarantee Description: The Fisheries Loan Guarantee Program supports the development of the province’s independent fish harvesting industry by providing a government guarantee on loans through local chartered banks for the construction or purchase of marine vessels and/or to purchase new engines and fishing equipment for the improvement, rebuilding or
Investment Attraction Fund
Amount: No Fixed Amount Type of Program: Investment, Loan Description: The Investment Attraction Fund provides customized financial assistance to inward investors in support of establishing a business in the province or expanding a business as a result of foreign direct investment (FDI). The Fund consists of an allocation for loans and advances towards strategic investments
Equity Investment Program (EIP) – Development Program
Amount: No Fixed Amount Type of Program: Loan Description: The Development Program element provides incorporated Newfoundland and Labrador film and video production companies a loan to support the essential process of development which takes an idea through the stages of research, writing, market analysis and costing.Development funding is available in two phases for non-series projects
KICK$TART & Drive
Amount: $15,000.00 Type of Program: Loan Description: KICK$TART & Drive Programs provide low-interest loans to entrepreneurs under the age of 35 in Newfoundland and Labrador who haven’t been able to get funding from other sources. Comments on Funding: Funding is a low-interest loan of up to $5,000 under the Kick$tart Program and a low-interest loan
Entrepreneurial Opportunities Program (EOP)
Amount: $5,000.00 Type of Program: Grant, In-Kind Support, Loan Description: The Entrepreneurial Opportunities Program (EOP) provides up to $5,000 financial assistance, business plan guidance, business counselling and training to individuals in Newfoundland & Labrador who are receiving or eligible to receive Provincial Income Support. The Program assists individuals to become self-employed. Comments on Funding: Funding
CBDC Clean Technology Loan
Amount: $150,000 Type of Program: Loans Description: The Clean Technology Loan is a flexible financing instrument in support of the adoption, adaption and/or commercialization of clean technology. It provides the tools new and existing businesses and social enterprises need to hire professional outside expertise to assess clean technology solutions. Comments on Funding: Funding takes the
Equity Loan
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
Loan Guarantee
Amount: No Fixed Amount Type of Program: Loan Guarantee Description: CBDC NORTIP offers financial assistance to organizations wanting to start or expand a small business. Comments on Funding: Funding takes the form of loan guarantees, with the following criteria: The Corporation will only guarantee a chartered bank’s authorized line of credit, or overdraft protection to
Impact Loan
Amount: $25,000 Type of Program: In-Kind Support, Loan Description: Impact offers small businesses loans of up to $25,000 and access to business skills development opportunities. Comments on Funding: Funding is a loan of up to $25,000. When It Ends: Ongoing Deadline: Rolling deadline Eligibility: Applicants must: be business owners, ages 19+ for new start-up financing;
Kick$tart
Amount: $10,000 Type of Program: Loans Description: Kick$tart is meant to foster future generations of entrepreneurs in Newfoundland and Labrador by providing low-interest business loans for youth. Comments on Funding: Funding is a loan of up to $10,000. When It Ends: Ongoing Deadline: Rolling deadline Eligibility: Applicants must be: business owners aged 35 and under;
Futurpreneur Start-Up Program and Loan
Amount: $45,000 Type of Program: In-Kind Support, Loan Description: For eligible entrepreneurs seeking additional financing to start their business, Metro Business Opportunities can facilitate a loan through their partner Futurpreneur. By starting out with MBO, its team can leverage an approved Impact loan into additional financing for your business. Futurpreneur fuels the entrepreneurial passions of
Aquaculture Working Capital Loan Guarantee Program
This program is currently closed. Amount: No Fixed Amount Type of Program: Loan Guarantee Description: The Aquaculture Working Capital Loan Guarantee Program is designed to facilitate improved access to financing for incorporated enterprises operating in or proposing to operate in the finfish industry. When It Ends: Closed Deadline: Rolling deadline Eligibility: The applicant must: be
Support
Amount: $5,000 Type of Program: Loan Description: 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
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