Community Business Development Corporation (CBDC) Central PEI Youth Loan
$150,000.00
Loan
Description:
CBDC Central PEI’s Youth Loan is intended for young entrepreneurs in Atlantic Canada seeking financing to start a new business, modernization, expansion or acquisition.
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 Central PEI.
Application Steps:
Applicants must apply online.
Documentation Needed:
For details about the documentation process, contact this email address: info.centralpei@cbdc.ca.
Other Things to Note:
- 65
- 67 and the town of Kensington)
- All
- Business Purchase or Transfer
- Central PEI Region
- Equipment or Property (lease or buy)
- Expand a Business
- From approximately Ten Mile House to Canoe Cove going west to Northam Rd. (Lot # 14 – 35
- including all the communities in between.
- Non-profit Organization
- Prince Edward Island
- Start a Business
- Working Capital
- Youth
About the author
Maurice
