Community Business Development Corporation (CBDC) Eastern Youth Loan
$150,000.00
Loan
Description:
The Youth Loan initiative offered by CBDC Eastern 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 Eastern.
Application Steps:
For details about application process, applicants must reach out to CBDC Eastern team through:
Phone: (709) 466-1170
https://www.cbdc.ca/contact.
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC Eastern team through:
Phone: (709) 466-1170
https://www.cbdc.ca/contact.
Other Things to Note:
- All
- and all communities on the Bonavista Peninsula
- Between Arnold’s Cove to Port Blandford
- Business Purchase or Transfer
- Eastern Region
- Equipment or Property (lease or buy)
- Expand a Business
- George’s Brook – Milton to Burgoynes Cove
- Goobies to Swift Current
- Newfoundland and Labrador
- Non-profit Organization
- Random Island
- Southwest Arm (Queens Cove to Southport)
- Start a Business
- Working Capital
- Youth
About the author
Maurice
