Type of Program:
The Impact Loan program provides up to $25,000 in working capital for startups and expansion projects for entrepreneurs in the Greater Fredericton Region.
Comments on Funding:
Funding is a $25,000 repayable loan.
Typical repayment terms are between 12 and 60 months, with low interest rates and no penalties for early repayment. Interest rates begin at prime plus 2%.
When It Ends:
complete the Impact loan application online, or by contacting the partner organization delivering the loan in their area.
provide other documents and the permission to conduct a credit check, at the request of their Loans Officer.
complete the legal documents, if approved.