Community Business Development Corporation (CBDC) PEI East Youth Loan

Amount:

$150,000.00

Type:

Loan

Description:

The Youth Loan program from CBDC PEI East targets young entrepreneurs in Atlantic Canada who require funding for launching a new business, upgrading, expanding, or acquiring one.

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 PEI East.

Application Steps:

For details about application process, applicants must reach out to CBDC PEI East through:
Phone: 902-838-4030
https://www.cbdc.ca/contact

Documentation Needed:

For details about documentation requirements, applicants must reach out to CBDC PEI East through:
Phone: 902-838-4030
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.

Business Audience Grants in Canada: Opportunities for Underrepresented Founders

Business Activity Grants in Canada: Powering Expansion for Entrepreneurs

Industry Grants in Canada: Funding to Drive Expansion in Your Sector

The Ultimate Checklist: How To Start A Taxi Business In BC

Wheels of Fortune: How To Start A Food Truck Business In BC

Calgary Business Permit: Your Fast-Track Guide to Starting Up

4 Steps to Obtain Your Calgary Business License

Cooking Up Success: How To Start A Food Business In Calgary

Hauling Success: How To Start A Logging Truck Business Calgary

Demystifying the Process: How to Start a Sole Proprietorship in Alberta