Community Business Development Corporation (CBDC) Emerald Youth Loan
$150,000.00
Loan
Description:
The Youth Loan program provided by CBDC Emerald is tailored to address the requirements of young entrepreneurs in Atlantic Canada who are in search of financial assistance for various endeavors. These may include launching a new enterprise, enhancing an existing one, scaling 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 Emerald.
Application Steps:
For details about application process, applicants must reach out to CBDC Emerald team through:
Phone: (709) 532-8312/4690
https://www.cbdc.ca/contact.
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC Emerald team through:
Phone: (709) 532-8312/4690
https://www.cbdc.ca/contact.
Other Things to Note:
About the author
Maurice
