Type of Program:
The Startup & Expansion Loans are for small and medium-sized businesses run by entrepreneurs of all ages. Recipients get support to develop their business knowledge and skills in marketing, accounting, human resources and business planning. Low-interest loans of up to $25,000 are available, with flexible repayment terms and no penalty for early repayment of the principal.
Comments on Funding:
Funding ranges from $5,000 to $25,000 with a low interest rate of Prime + 2%, low principal payments and no penalty for early repayment.
All $5,000 loans are interest free for 6 months.
When It Ends:
The applicant must:
Applicants must apply through the online form.
No specific documentation has been identified
Other Things to Note:
CEED Programs are delivered in partnership with ACOA and the Province of Nova Scotia.