Community Business Development Corporation (CBDC) South Shore Opportunities Inc. Line of Credit
$20,000.00
Loan
Description:
South Shore Opportunities CBDC is offering on a pilot basis Line of Credit loan for eligible business activity with a base of operations in Queens County or Lunenburg County, Nova Scotia.
Comments on Funding:
Funding is a line of credit of up to $20,000:
– Interest Rate: starting at bank Prime plus 3.0% and can raise or lower (dependent upon risk assessment);
– Maximum term: 1 year. Outstanding balance becomes due and payable at the one year anniversary.
Continuous Intake
Eligibility:
Applicants must:
1. be businesses;
2. be seeking financing for purposes such as inventory purchase, bridge financing and other uses at the discretion of the Board of Directors;
3. have a base of operations in Queens County or Lunenburg County.
Application Steps:
Applications can be made through one of its Business Officers by emailing sso@cbdc or telephone 902-354-2616.
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC South Shore Opportunities Inc. team through:
Phone: 902-354-2616
Email: sso@cbdc.ca
Other Things to Note:
About the author
Maurice
