Impact Loan
Ignite operates the Impact Loan program for entrepreneurs in the Greater Fredericton Region. The personal loan is between $5,000 and $50,000 in working capital for startups and expansion projects.
Offered by IGNITE Fredericton
Amount
Unsecured personal loan between $5,000 and $50,000 in working capital for startups and expansion projects, at a fixed rate of Prime + 2%, interest-free for 1 year from first disbursement
Quick eligibility check
Who can apply
The Impact Loan is only available to entrepreneurs located within the Greater Fredericton Region. Before you apply, please ensure you are within city limits.
YOU QUALIFY IF ... you are starting or expanding your business inside the Fredericton City limits (check map) you plan to use the funds for anything except vehicles or wages your business plan demonstrates: why the loan is needed what it will be used for that the business can support the payments of the loan
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| FCC Financing Food and Beverage | Loan | No fixed amount | Open |
| Business Development Program (BDP) | Loan | Interest-free, unsecured repayable funding of up to 50% of the capital needed to grow or launch a business | Open |
| Industry Development Programs: Agriculture Loans | Loan | no fixed amount | Open |
| BDC Indigenous Entrepreneur Loan | Loan | Up to $350,000 | Open |
