Atlantic Canada

Micro Loan

Amount:

$5,000.00

Type of Program:

Loan

Description:

The Micro Loan provides up to $5,000 in financial assistance to new or existing new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland.

Comments on Funding:

Funding is up to $5,000.
There is a $100 administration fee. The first year is interest-free

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be a new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland.
be a registered proprietorship, partnership or limited company,
have a viable business plan, with two year cash flow projections, the ability to repay the loan and a suitable management strategy.

Application Steps:

Applicants must contact BBI for further details.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.

Program Contact:

Financial Assistance - BBI

Term Loan

Amount:

$25,000.00

Type of Program:

Loan

Description:

The Term Loan provides up to $25,000 in financial assistance to new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland. Loans can be used for capital equipment acquisition, working capital, or short-term receivable financing.

Comments on Funding:

Funding is up to $25,000.
The interest rate is based on risk assessment, repayment terms vary and there is a $100 administration fee. The first year is interest-free

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be a new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland.
be a registered proprietorship, partnership or limited company,
have a viable business plan, with two year cash flow projections, the ability to repay the loan and a suitable management strategy,

Application Steps:

Applicants must contact BBI for further details.

Documentation Needed:

No specific documentation has been identified

Other Things to Note:

No other details available.

Program Contact:

Financial Assistance: Black Business Initiative

Community Development Fund (CDF)

Amount:

$225,000.00

Type of Program:

Loan

Description:

The Community Development Fund Loans offers additional financial assistance up to $225,000 in the form of repayable loans to businesses and offers financial assistance in terms of loans or bridge financing to non-profit associations.

Comments on Funding:

Funding is up to $225,000 and is available in the form of repayable loans to businesses and in the form of loans or bridge financing to non-profit associations.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

No other details available.

Application Steps:

Applicants must contact the CBDC personnel for further details.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.

Program Contact:

Community Development Fund Loans in NB, NL, NS and PEI

Online Presence Micro Loan

Amount:

$2,500.00

Type of Program:

Grant, Loan

Description:

The CBDC Online Presence Micro Loan provides financing for small businesses looking to create or improve their online presence.

Comments on Funding:

Funding is up to $2,500 +HST for the set up of the website (inclusive of E-Commerce). The loan has a $500 forgivable training portion and interest rate is prime +2, with flexible repayment terms and no application fees.

When It Ends:

Accepting applications starting January 5, 2022

Deadline:

Rolling deadline

Eligibility:

The applicant must:

Applicants must be small businesses looking to create or improve their online presence.

Application Steps:

Applicants must complete and submit the Online Presence Micro Loan Application.

Documentation Needed:

1
Financial statements/ Statement Self Employment Earnings for last fiscal year (if applicable),
2
Interim (in-house) Financial statements up to date of application,
3
Quote for website improvements from technology company,
4
Proof of being up to date with the CRA.

Other Things to Note:

Grant portions of the loan are limited, so please apply as soon as possible.

Program Contact:

Online Presence Micro Loan

Online Presence Micro Loan APPLICATION FOR FINANCING

Atlantic Fisheries Fund

Amount:

No Fixed Amount

Type of Program:

Grants

Description:

The Atlantic Fisheries Fund is intended to help the fish and seafood sector in Newfoundland and Labrador, Nova Scotia, New Brunswick and Prince Edward Island to transition to meet the growing demand for seafood globally. Its aim is to bring high value, high quality and sustainable products to markets at home and around the world.

It supports: innovation to encourage new products and technologies, infrastructure to encourage capital investments in new products, processes or technologies, and science partnerships between industry, academia, and other research institutions to improve knowledge.

Comments on Funding:

No other details available.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

be indigenous groups,
be commercial enterprises, including fishers, aquaculturists and seafood processors,
be universities and academics,
be industry associations and other non-profits,
be other organizations, such as research institutions and provincial crown corporations,
reside in a participating province,
be active in or support activities related to the fish and seafood harvesting, processing or aquaculture sectors,
demonstrate maximum economic benefits accruing to the Atlantic Region.

Application Steps:

Applicants must complete the application form,

Applicants must complete the appropriate proposal in both paper and electronic format (on a memory stick), depending on the area of interest (innovation, infrastructure or science partnerships),

Applicants must prepare all supporting documents,

Applicants must submit the above-mentioned documents by mail or courier.

Documentation Needed:

Commercial applicants must submit a completed application form and the following supporting documents:

1
one of the following plans/proposals: complete business plan, research and development (r&d) project plan, science partnership research proposal,
2
incorporation documents,
3
financial statements (current and last two years),
4
financial projections (three years; only required for projects over $100k),
5
supplier quotes,
6
copies of relevant permits and licences (e.g. fishing licences or aquaculture permits)
7
other relevant document (specify).

Not-for-profit and other applicants must submit a completed application form and the following supporting documents:

1
one of the following plans/proposals: complete business plan, research and development (r&d) project plan, science partnership research proposal,
2
constituting / incorporating documents,
3
financial statements (current and last fiscal year),
4
hst rebate information (i.e. rebate rate),
5
supplier quotes,
6
copies of relevant permits and licenses,
7
other relevant document (specify).

Other Things to Note:

1
The Atlantic Fisheries Fund is a contribution program funded jointly by the federal, provincial and territorial governments. It will invest over $400 million over 7 years to support Canada’s fish and seafood sector. The federal government will provide 70% of the funding, and 30% will come from participating provinces and territories. The national component of the fund is called the Canadian Fish and Seafood Opportunities Fund, and has a separate application process.
2
Applications will be accepted until all available funding for the fiscal year has been allocated to projects. Funding will become available again in the next fiscal year.
3
Date modified: 2022-10-12 – Source 1.

Program Contact:

Atlantic Fisheries Fund

Apply to the Atlantic Fisheries Fund

form-formulaire-eng.pdf