Community Business Development Corporation (CBDC) Coastal Business Youth Loan
$150,000.00
Loan
Description:
The Youth Loan program provided by CBDC Coastal Business is tailored to cater to young entrepreneurs in Atlantic Canada who require financial assistance for various purposes such as initiating a new venture, enhancing an existing one, expanding operations, or purchasing 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 Coastal Business.
Application Steps:
For details about application process, applicants must contact the CBDC Coastal Business team through:
Phone: (902) 539-4332
https://www.cbdc.ca/contact.
Documentation Needed:
For details about documentation requirements, applicants must contact the CBDC Coastal Business team through:
Phone: (902) 539-4332
https://www.cbdc.ca/contact.
Other Things to Note:
About the author
Maurice
