Atlantic Canada Business Grants

Greater Moncton

Impact Loan Program

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Amount:

$25,000

Type of Program:

Loans

Description:

The Impact loan program is designed to offer a business start-up loan and expansion financing of up to $25,000 for small and medium-sized businesses in Greater Moncton. 

Comments on Funding:

Funding is a loan of up to $25,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must be:

  • a small and medium-sized business;
  • a business start-up (entrepreneurs of all ages can apply);
  • an established business owner, as follows:
  • be ages 19-39;
  • be using the fund for expansion financing.
  • a business registered in either Dieppe, Riverview, or Moncton;
  • subject to a clean credit check;
  • a business that is operational year-round;
  • The loan cannot be used for a business where greater than 50% of the revenue comes from the sale of alcohol, tobacco, or any controlled substance. This also includes businesses commonly referred to as being part of the “Sin” category;
  • The loan cannot be used for the purchase of a vehicle, land, or a building.

Application Steps:

1

Applicants must book a business counseling session;

2

Applicants must write their business plan;

3

Applicants must submit an application using the Entrepreneur Intake Form available online.

Documentation Needed: 

Applicants must submit:

  1. 1
    the completed application form;
  2. 2
    a business plan.

Program Contact:

Impact Loan Program – 3+ Corporation

Impact Atlantic | More Than A Start-Up Loan