Community Business Development Corporation (CBDC) Gander Youth Loan
$150,000.00
Loan
Description:
The Youth Loan program provided by CBDC Gander 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 Gander.
Application Steps:
For details about application process, applicants must reach out to CBDC Gander team through:
Phone: (902) 533-2770
https://www.cbdc.ca/contact.
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC Gander team through:
Phone: (902) 533-2770
https://www.cbdc.ca/contact.
Other Things to Note:
- All
- Appleton
- Aspen Cove
- Baytona
- Benton
- Birchy Bay
- Boyd’s Cove
- Bridgeport
- Brown’s Arm
- Business Purchase or Transfer
- Cambellton
- Carmanville
- Carter’s Cove
- Centreville-Wareham-Trinity
- Change Islands
- Charlottetown
- Clake’s Head
- Cobbs Arm
- Comfort Cove – Newstead
- Cottlesville
- Culls Harbour
- Deadman’s Bay
- Dover
- Durrell
- Eastport
- Embree
- Equipment or Property (lease or buy)
- Expand a Business
- Fogo Island
- Frederickton
- Gambo
- Gander
- Glenwood
- Glovertown.
- Greenspond
- Happy Adventure
- Hare Bay
- Herring Neck
- Hillgrade
- Horwood
- Indian Bay
- Ladle Cove
- Laurenceton
- Lewisporte
- Little Burnt Bay
- Loon Bay
- Lumsden
- Main Point
- Michael’s Harbour
- Moreton’s Harbour
- Musgrave Harbour
- New-Wes-Valley
- Newfoundland and Labrador
- Newville
- Noggin Cove
- Non-profit Organization
- Northeastern Region
- Pikes Arm
- Pool’s Island
- Port Albert
- Rogers Cove
- Salvage
- Sandringham
- Sandy Cove
- St. Brendan’s Island
- Stanhope
- Start a Business
- Stoneville
- Summerford
- Terra Nova
- Tizzard’s Harbour
- Too Good Arm
- Traytown
- Twillingate
- Victoria Cove
- Virgin Arm
- Wings Point
- Working Capital
- Youth
About the author
Maurice
