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Community Business Development Corporations
Business loans for young Atlantic Canadians
Helps young entrepreneurs aged 18 to 34 in Atlantic Canada get a loan for starting a business or covering expenses. Supports needs like start-up costs, equipment, and working capital.
Repayable loans with competitive interest rates and repayment terms. Financial options include demand and term loans, equity investments, or loan guarantees. Also provides support for business management and other training to ensure business venture success. While CBDC programs and services may vary by region, financial assistance can exceed $150,000 per eligible borrower in certain circumstances.
Business Size: small, startup
Region: rural Atlantic Canada
Demographics: youth (18-34)
Other Criteria: for business startup, expansion or modernization, seasonal businesses, year-round businesses, loans for start-up costs, fixed assets, working capital, leasehold improvements, franchise purchases, may acquire assets of a previous business (transaction must be at arm's length, assets bought at or below current market value), eligible borrowers may be a sole proprietorship, a limited company or a partnership (majority of the care and control must reside with the new entrepreneur), business operations must have a reasonable expectation of economic viability, business operations must contribute to employment creation and/or maintenance in their community
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Government of Canada, Atlantic Canada Opportunities Agency
Money for start-up and expansion in Atlantic Canada
Government of the Northwest Territories, Department of Industry, Tourism and Investment
Due Mar 31
Funding for capital purchases in the NWT
Northern Ontario Angels
Investment readiness support in Northern Ontario
This program is available to small, startup businesses located in rural Atlantic Canada.
This program offers funding up to $150,000 (minimum $150,000).
The application deadline is March 31, 2025.
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