Type of Program:
The CBDC General Business Loan provides financing to businesses in rural Atlantic Canada for a wide range of expenses including: start-up, land and buildings, fixed assets, machinery and other equipment, fixtures and furniture.
Comments on Funding:
Funding is up to $150,000 per eligible borrower.
The loans are repayable and have competitive interest rates and repayment terms. Financing may be term or demand loans, a loan guarantees, or equity investments. The loans are secured, and can be from one to ten years.
When It Ends:
Applicants must contact the CBDC personnel for further details.
Other Things to Note:
Programs and services delivered by CBDCs may vary by region.