Atlantic Canada Business Grants

Association

Nova Scotia Small Business Loan Guarantee Program

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Amount:

$500,000

Type of Program:

Loan Guarantee

Description:

The Small Business Loan Guarantee Program delivers better financial assistance for the start-up and expansion of small businesses in Nova Scotia by providing them loan guarantees.


Credit unions are the only financial provider to offer access to the financing program and they can provide financing up to $500,000 in the form of term loans, working capital and lines of credit . No other financing programs provide access to working capital or lines of credit to individuals who would like to start or purchase a small business and/or grow and expand an existing business.

Benefits of the NS Small Business Loan Guarantee Program:

  • Access to capital: The program provides financing up to $500,000 in the form of term loans, working capital and lines of credit. This can help small businesses with big ideas get the funding they need to start and grow their enterprise.
  • Lower interest rates: The program offers lower interest rates than traditional loans, which can help small businesses save money on interest payments.
  • Flexible repayment terms: The program offers flexible repayment terms, which can help small businesses manage their cash flow and repay the loan on their own terms.
  • No collateral required: The program does not require collateral, which can make it easier for small businesses to get the funding they need without putting up their assets as collateral.
  • Fast approval process: The program has a relatively fast approval process, which can help small businesses get the funding they need quickly and efficiently.

Comments on Funding:

Funding will take the form of a guaranteed loan or line of credit, subordinated debt, equity, revenue sharing or royalty agreement. A maximum investment of $500,000 will be granted to successful applicants, until the funds are all invested.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

  • be start-ups and/or growth and expansions;
  • be not-for-profit, co-operatives or private businesses that have a positive impact on a social or environmental issue that meets a community need or maximize a community opportunity;
  • be registered and based in Nova Scotia;
  • be in good standing with the Canada Revenue Agency.

Application Steps:

1

Applicants must contact their local credit union branch for details.

Documentation Needed:

Applicants must submit a formal application.

Program Contact:

Small Business Loan Guarantee Program

Food Propel’s Growth Fund

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Amount:

No Fixed Amount

Type of Program:

Accelerator

Description:

Food Propel's Growth Fund provides financial support to food companies on PEI to grow their business. Food Propel is an intensive one-year accelerator program providing selected companies workshops, market investigation, a dedicated mentor team, networking & learning and access to their Growth Fund.

Comments on Funding:

No other details available.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be PEI food companies,
  • be willing to take the next critical step to capitalize on their growth potential.

Application Steps:

1

Applicants must book their free consultation.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

The Food Island Partnership is supporting the growth of PEI food businesses, providing a series of activities to value-added food companies.

Program Contact:

Food Propel

Food Company Support

Food Xcel Award

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Amount:

$25,000

Type of Program:

Competition, Entrepreneurship Program

Description:

Food Xcel has been developed to help aspiring food entrepreneurs move their idea forward through a combination of progressive workshops, networking opportunities with food agencies, industry experts, and entrepreneurs and a chance to compete for a $25,000 award from Innovation PEI's Ignition Fund.

Comments on Funding:

Funding is a $25,000 award. 

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • be aspiring entrepreneurs,
  • have PEI food businesses

Application Steps:

1

Applicants must book their free consultation

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

The Food Island Partnership is supporting the growth of PEI food businesses, providing a series of activities to value-added food companies.

Program Contact:

Food Xcel

Food Company Support

New Brunswick Music Industry Development (MID) Program – Sound Recording Component

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Amount:

$6,000

Type of Program:

Grants

Description:

The Sound Recording Component promotes the development and growth of the New Brunswick music industry through providing opportunities to create, market and promote New Brunswick sound recordings with market potential and encourages the career development of artists and the emergence of new talent and content.

Comments on Funding:

Funding is up to $6,000 per fiscal year. 

When It Ends:

Closed for 2021-2022 fiscal year

Deadline:

Next deadlines to be determined 

Eligibility:

The applicant must:

  • be an individual or a registered business with Service NB (for groups and businesses),
  • be a resident of New Brunswick six (6) consecutive months prior to the application.
  • hold the rights for materials to be recorded or own the master of the eligible sound recording for which funding is being requested. In the case where the applicant is not the artist, contracts with the artist(s) relating to production and distribution of the album (exclusive sound recording contract, co-production, license, etc.) are required,

Cover bands and tribute bands are not eligible. Exceptions may be made for blues, classical, jazz or traditional standards. 

Application Steps:

1

The applicant must submit their application and supporting documents before the start of the project,

2

The applicant may only receive investment from this component once.

Documentation Needed: 

The applicant must submit:

  • the completed application form,
  • a full album: three (3) demo tracks,
  • a mini-album/EP: two (2) demo tracks,
  • a single: one (1) demo track of the proposed single,
  • quotes from all service providers (studio, producer, graphic designer, etc.),
  • the lyrics (if applicable),
  • CVs or biographies of all relevant team members,
  • a project marketing plan (1,000 words max),
  • recording previously released works. If there are works that have previously been recorded and released by the applicant, a rationale must be provided why they are to be re-recorded.
  • a project budget with specific expenses and revenues,
  • any other information relevant to his project.

Program Contact:

MID - Sound Recording

Guidelines_MID_EN.docx

Application Guide_Sound Recording_EN

New Brunswick Music Industry Development (MID) Program -Professional Development & Business Travel Component

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Amount:

$3,500

Type of Program:

Grants

Description:

The Professional Development & Business Travel Component assists artists and industry professionals with expenses associated in participating in domestic and international music industry conferences, trade fairs, business trips and business development missions.

Comments on Funding:

Funding is up to $3,500 per application. 

When It Ends:

Ongoing

Deadline:

Next deadlines to be determined

Eligibility:

The applicant must:

Not-for-profit organisations may be eligible for this component. Cover bands and tribute bands are not eligible. Exceptions may be made for blues, classical, jazz or traditional standards. 

Application Steps:

1

The applicant must submit their application and supporting documents at the latest two (2) business days prior to the departure date, 

2

The applicant may only receive investment from this component once.

Documentation Needed: 

The applicant must submit:

  • the completed application form,
  • the detailed itinerary and travel plans, including locations and dates,
  • the description of the event(s) to be attended,
  • a list of contacts and meetings planned,
  • the description of training or mentorship and CVs or biographies of facilitators for professional development,
  • the rationale on why the applicant wish to further develop the market(s), if returning to a market,
  • a project budget with specific expenses and revenues,
  • any other information relevant to his project.

Program Contact:

MID - PD + Business Travel

Application Guide_PD & BT_EN

Guidelines_MID_EN.docx