Community Business Development Corporation (CBDC) Gateway Innovation Loan

Amount:

$150,000.00

Type:

Loan

Description:

The Innovation Loan provided by CBDC Gateway aims to boost business productivity and efficiency in rural communities throughout Atlantic Canada. These pioneering technologies might encompass adapted or repurposed existing methods for commercial use. Additionally, the loan can offer funding for the creation of new products or services, along with backing training programs.

Comments on Funding:

Funding is a loan of up to $150,000.

Deadline:

Continuous Intake

Eligibility:

Applicants must:
1. be new or existing entrepreneurs;
2. have commitment and dedication to the project;
3. have rural based businesses located in the service area of CBDC Gateway that meet these requirements:
a) year-round and seasonal businesses;
b) have a realistic prospects of economic viability.
c) demonstrate employment creation and/or maintenance;
d) demonstrate revenue potential.

Application Steps:

For details about application process, applicants must reach out to CBDC Gateway team through:
Phone: (709) 695-7406
https://www.cbdc.ca/contact.

Documentation Needed:

For details about documentation requirements, applicants must reach out to CBDC Gateway team through:
Phone: (709) 695-7406
https://www.cbdc.ca/contact.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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