Atlantic Canada Business Grants

Black Business Initiative (BBI)

Micro Loan

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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:

1

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

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Amount:

$25,000.00

Type of Program:

Loan

Description:

The Term Loan provides up to ,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

Atlantic Canada Black Entrepreneurship Program (BEP)

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Amount:

N/A

Type of Program:

In-Kind Support

Description:

The Atlantic Canada Black Entrepreneurship Program (BEP) is designed to strengthen and broaden existing support for Black businesses and entrepreneurs in Nova Scotia and expand services and programs to all Atlantic Canadian provinces. BEP provides business development support, including counseling, advising, and access to information and resources and mentorship opportunities. 

Comments on Funding:

No funding provided. The program has provided opportunities for access to funding, procurement and supply chains, and scaling opportunities.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • be Black businesses;
  • be entrepreneurs;
  • be operating in Nova Scotia.

Application Steps:

1

For more information and inquiries, please contact BBI by emailing bbi@bbi.ns.ca or calling 1-888-664-9333 (toll free in North America).

Documentation Needed: 

No specific documentation has been identified.

Other Things to Note:

In the months to come, BBI will be developing new business programs and services to support Black businesses and youth in New Brunswick, Newfoundland, and Prince Edward Island, with the aim of being able to provide similar supports that are available in Nova Scotia. 

Program Contact:

Atlantic Canada Black Entrepreneurship Ecosystem Program - Black Business Initiative

Business Consulting Advisory Services Grant Program

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Amount:

$5,000

Type of Program:

Grants

Description:

BBI's Business Consulting Advisory Services Grant Program is designed to help entrepreneurs in Atlantic Canada build up and strengthen their operations and continue to grow their clientele. 

Comments on Funding:

Funding is a grant of up to $5,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • be small to medium Black-owned business;
  • be operating in New Brunswick, Newfoundland & Labrador, Nova Scotia, or Prince Edward Island;
  • be looking for ways to grow, sustain, scale up, or expand to new markets;
  • benefit from engaging a consultant to assist you with various issues, opportunities, and challenges.

Application Steps:

1

For more information and inquiries, please contact BBI by emailing bbi@bbi.ns.ca.

Documentation Needed: 

No specific documentation has been identified.

Program Contact:

Business Consulting Advisory Services Grant Program - Black Business Initiative