Community Business Development Corporation (CBDC) Burin Youth Loan
$150,000.00
Loan
Description:
The Youth Loan initiative offered by CBDC Burin is customized to meet the needs of young entrepreneurs in Atlantic Canada who seek financial support for diverse purposes, including starting a new venture, improving an existing one, expanding operations, or acquiring a business.
Comments on Funding:
Funding takes the form of a repayable loan of up to $150,000, with competitive interest rates and repayment terms.
Continuous Intake
Eligibility:
Applicants must:
1. be youth borrowers;
2. be aged 18-34;
3. be in any of these legal structures:
a) sole proprietors;
b) limited companies;
c) partnerships.
4. hold the majority control;
5. be seeking financing for business startup, modernization, expansion or acquire assets of a previous business;
6. have intended business operations not having a negative impact on existing area businesses;
7. have a reasonable expectation of economic viability, as well as employment creation and/or maintenance in their community;
8. have seasonal and year-round businesses;
9. be located within the service area of CBDC Burin Peninsula.
Application Steps:
For details about application process, applicants must reach out to CBDC Burin Peninsula team through:
Phone: (709) 279-4540
https://www.cbdc.ca/contact.
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC Burin Peninsula team through:
Phone: (709) 279-4540
https://www.cbdc.ca/contact.
Other Things to Note:
- All
- Allan’s Island
- Baine Habour
- Bay L’Argent
- Beau Bois
- Big Salmonier
- Boat Harbour
- Brookside
- Burin
- Burin Peninsula
- Business Purchase or Transfer
- English Harbour East
- Epworth
- Equipment or Property (lease or buy)
- Expand a Business
- Fortune
- Fox Cove – Mortier
- Frenchman’s Cove
- Grand Bank
- Grand Beach
- Grand Le Pierre
- Harbour Mille
- Jacques Fontaine
- Jean de Baie
- Lamaline
- Lawn
- Lewin’s Cove
- Little Bay East
- Little Harbour East
- Little St. Lawrence
- Lord’s Cove
- Marystown
- Monkstown
- Newfoundland and Labrador
- Non-profit Organization
- Parker’s Cove
- Petite Forte
- Point au Gaul
- Point May
- Red Harbour
- Rock Harbour
- Rushoon
- South East Bight
- Spanish Room
- St. Bernard’s
- St. Lawrence
- Start a Business
- Terrenceville
- Winterland and Garnish.
- Working Capital
- Youth
About the author
Maurice
