Community Business Development Corporation (CBDC) Long Range Youth Loan
$150,000.00
Loan
Description:
The Youth Loan program provided by CBDC Long Range 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 Long Range.
Application Steps:
For details about application process, applicants must reach out to CBDC Long Range team through:
Phone: (709) 643-2933
Online Contact Form
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC Long Range team through:
Phone: (709) 643-2933
Online Contact Form
Other Things to Note:
- All
- Business Purchase or Transfer
- Equipment or Property (lease or buy)
- Expand a Business
- Newfoundland and Labrador
- Non-profit Organization
- South-Western Newfoundland
- Start a Business
- Stephenville and surrounding area; Port au Port area; Barachois area; Penguin area; and Bay St. George South area.
- Working Capital
- Youth
About the author
Maurice
