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Immigrant Loan Program

ByMaurice

Amount:

$20,000.00

Type of Program:

Loan

Description:

Immigrant Loan Program is a pilot project that offers financing for temporary residents wishing to start a registered business in the area.

Comments on Funding:

Funding is up to $20,000 and is available in the form of repayable loan. Fixed interest will be charged at prime rate plus 3%. 

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicant must:

  • temporary residents,
  • aged 19 or older,
  • be wishing to start a registered business (seasonal and part-time businesses are acceptable).

Application Steps:

1

Applicants must submit their completed applications to patricia.macneil@cbdc.ca at Coastal Business.

Documentation Needed: 

Applicants must submit the completed application form and the following documents:

  • business plan,
  • resume,
  • copy of canadian visa and study/ work permit (if applicable),
  • photo identification.

Other Things to Note:

The exact geographical area is not mentioned.

Program Contact:

Immigrant Loan Program - Pilot Project

APPLICATION Immigrant Loan Program (ILP)

Related posts:

Innovate to Opportunity Hiring Incentive
NS Registry of Joint Stocks: Plain English Guide to the RJSC
Nova Scotia Business Registry Search: How to Search NS Registry of Joint Stocks (Step-by-Step)
Nova Scotia Small Business: 2023 Guide to Business in Nova Scotia

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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