Community Business Development Corporation (CBDC) Trinity Conception Youth Loan
$150,000.00
Loan
Description:
The Youth Loan initiative offered by CBDC Trinity Conception 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.
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 Trinity Conception.
Application Steps:
For details about application process, applicants must reach out to CBDC Trinity Conception team through:
Phone: (709) 596-3849
https://www.cbdc.ca/contact.
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC Trinity Conception team through:
Phone: (709) 596-3849
https://www.cbdc.ca/contact.
Other Things to Note:
- Adams Cove
- All
- and Winterton.
- Avalon Peninsula
- Bareneed
- Bay De Verde
- Bay Roberts
- Bishop’s Cove
- Blackhead
- Blaketown
- Brigus
- Bristols' Hope
- Broad Cove
- Brownsdale
- Bryant’s Cove
- Burnt Point
- Business Purchase or Transfer
- Butlerville
- Caplin Cove
- Carbonear
- Cavendish
- Clarkes Beach
- Coleys Point South
- Cupids
- Daniel's Cove
- Dildo
- Equipment or Property (lease or buy)
- Expand a Business
- Freshwater
- Georgetown
- Grates Cove
- Greens Harbour
- Gull Island
- Hallstown
- Hants Harbour
- Harbour Grace
- Harbour Grace South
- Hearts Content
- Hearts Delight
- Hearts Desire
- Hopeall
- Islington
- Jobs Cove
- Kingston
- Lead Cove
- Low Point
- Lower Island Cove
- Makinsons
- Markland
- New Chelsea
- New Harbour TB
- New Melbourne
- New Perlican
- Newfoundland and Labrador
- Non-profit Organization
- North River
- Northern Bay
- Ochre Pit Cove
- Old Perlican
- Old Shop
- Perrys Cove
- Port De Grave
- Red Head Cove
- Riverhead
- Roaches Line
- Salmon Cove
- Shearstown
- Sibley's Cove
- Small Point
- South Dildo
- South River
- Spaniards Bay
- Start a Business
- Tilton
- Turkscove
- Upper Island Cove
- Victoria CB
- Western Bay
- Whitbourne
- Whiteway
- Working Capital
- Youth
About the author
Maurice
