Community Business Development Corporation (CBDC) Guysborough County Youth Loan

Amount:

$150,000.00

Type:

Loan

Description:

The Youth Loan initiative offered by CBDC Guysborough County 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.

Deadline:

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 Guysborough County.

Application Steps:

For details about application process, applicants must reach out to CBDC Guysborough County team through:
Phone: (902) 533-2770
https://www.cbdc.ca/contact.

Documentation Needed:

For details about documentation requirements, applicants must reach out to CBDC Guysborough County team through:
Phone: (902) 533-2770
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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