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This program is no longer accepting applications.
But don't worry — there are similar open programs you can apply to now.
Community Business Development Corporations
Business loans for young Atlantic Canadians
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Browse Open ProgramsHelps 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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Futurpreneur Canada
Financing and mentorship for young immigrant entrepreneurs
Northern Ontario Angels
Investment readiness support in Northern Ontario
Government of Yukon, Department of Economic Development
Yukon business loan guarantee
PME MTL
Loans for Montreal social economy enterprises and co-operatives
Community Futures Eastern Ontario
Loans for entrepreneurs in rural Eastern Ontario
Government of Prince Edward Island, Innovation PEI
Financial help for Prince Edward Island businesses
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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