Type of Program:
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
The applicant must:
Applicants must complete and submit the Online Presence Micro Loan Application.
- 1Financial statements/ Statement Self Employment Earnings for last fiscal year (if applicable),
- 2Interim (in-house) Financial statements up to date of application,
- 3Quote for website improvements from technology company,
- 4Proof 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.