Atlantic Canada Business Grants

Community Business Development Corporation (CBDC)

Urban Main Street Loan Initiative (UMSLI)

by |

Amount:

$60,000.00

Type of Program:

Grants & Loan

Description:

The Urban Main Street Loan Initiative (UMSLI) provides two loans that are to be used to finance the everyday operations of a business such as sales and marketing, product development, wages and other activities for businesses such as retail shops, restaurants, corner stores, etc., and businesses of strategic importance to the community.

Comments on Funding:

Funding takes the form of two loans: an initial loan of $40,000 and a supplemental loan of up to $20,000. One must first receive the full $40,000 Initial Loan before submitting an application for a Supplemental Loan. In the case of the initial loan, 25% up to a maximum of $10,000 in loan forgiveness is available, provided the outstanding balance is paid back by December 31, 2022.

In the case of the Supplemental Loan, 50% up to a maximum of $10,000 in loan forgiveness is available, provided the outstanding balance is paid back by December 31, 2022; 

When It Ends:

Ongoing

Deadline:

March 31

Eligibility:

​The applicant must:

  • have attempted to access other federal relief measures under Canada’s COVID-19 Economic Response Plan and was either ineligible or rejected, or accessed COVID-19 relief measures and continues to experience liquidity issues,
  • attest that they applied for other federal benefits and were approved, rejected or deemed ineligible,
  • have been established before March 01, 2020,
  • have been adversely impacted because of the COVID-19,
  • be located within the Greater Charlottetown area,
  • be a sole proprietorship, partnership, incorporated company and cooperative,
  • be the majority shareholder of the business and have the authority to bind the business.

Application Steps:

1

Applicants must submit an online application.

Other Things to Note:

CBDC Central PEI is a provider of the Atlantic Canada Opportunities Agency (ACOA) Regional Relief and Recovery Fund (RRRF) for “Main Street Businesses” called The Urban Main Street Loan Initiative.

Program Contact:

Urban Main Street Loan Initiative (UMSLI)/ Initiative des prêts pour les entreprises urbaines de rue principale

Digital Main Street (DMS) New Brunswick

by |

Amount:

$3,000.00

Type of Program:

Grants

Description:

The Digital Main Street Program helps small businesses in New Brunswick achieve digital transformation.

There are four components to the Digital Main Street program which include:

  1. 1
    Digital Main Street platform,
  2. 2
    Digital Main Street training,
  3. 3
    The Digital Service Squad,
  4. 4
    Digital transformation grant.

Comments on Funding:

Funding takes the form of a non-repayable contribution of up to $3,000. 

When It Ends:

Ongoing

Deadline:

March 31

Eligibility:

​The applicant must:

  • be a registered business in New Brunswick and/or be incorporated,
  • employ 1-25 employees,
  • be open for business/operating at the time of application (not a Startup),
  • be owned by a Brunswick resident who is at least 18 years old at the time of application,
  • be owned by a Canadian citizen or permanent resident,
  • not be a business supplying digital services to other businesses,
  • not be a franchise, including those individually owned and operated,
  • not be a not-for-profit/charitable organization,
  • not be a purely online business, 

Application Steps:

Applicants wishing to benefit from the grant must: 

1

register on the Digital Main Street Platform, 

2

do the Digital Main Street Assessment, 

3

pass an eligibility quiz, 

4

complete the online training,

5

develop a Digital Transformation Plan.

Other Things to Note:

Businesses with multiple locations are only eligible to apply for one Digital Transformation Grant. Owners with multiple businesses may only apply for one grant.

Program Contact:

Digital Main Street (DMS) New Brunswick