Community Business Development Corporation (CBDC) Charlotte/Kings Youth Loan
$150,000.00
Loan
Description:
The Youth Loan program offered by CBDC Charlotte/Kings is specifically designed for young entrepreneurs in Atlantic Canada who need financial support to start a new venture, upgrade an existing one, expand operations, or acquire 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 Charlotte/Kings.
Application Steps:
For details about application process, applicants must reach out to CBDC Charlotte/Kings through:
Phone: (506) 466-5055
https://www.cbdc.ca/contact
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC Charlotte/Kings through:
Phone: (506) 466-5055
https://www.cbdc.ca/contact
Other Things to Note:
- All
- Anagance
- and the City of Saint John (SEB Program Only)
- Apohaqui
- Belleisle
- Blacks Harbour
- Business Purchase or Transfer
- Campobello Island
- Chance Cove
- Charlotte
- Deer Island
- Dipper Harbour
- Equipment or Property (lease or buy)
- Expand a Business
- Grand Bay-Westfield
- Grand Manan Island/Whitehead Island
- Hampton
- Havelock
- Kingston Peninsula
- Lawrence Station
- LePreau
- New Brunswick
- Non-profit Organization
- Norton
- Quispamsis
- Rothesay
- St. Andrews
- St. George
- St. Martins
- St. Stephen
- Start a Business
- Sussex
- Sussex Corner
- Working Capital
- Youth
About the author
Maurice