Community Business Development Corporation (CBDC) Westmorland Albert Inc. Youth Loan
$150,000.00
Loan
Description:
The Youth Loan program provided by CBDC Westmorland Albert Inc. is tailored to cater to young entrepreneurs in Atlantic Canada who require financial assistance for various purposes such as initiating a new venture, enhancing an existing one, expanding 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 Westmorland Albert Inc.
Application Steps:
For details about the application process, contact CBDC Westmorland Albert Inc. through:
Phone: Tel: (902) 665-2635
https://www.cbdc.ca/contact.
Documentation Needed:
For details about the documentation requirements, contact CBDC Westmorland Albert Inc. through:
Phone: Tel: (902) 665-2635
https://www.cbdc.ca/contact.
Other Things to Note:
- Albert
- All
- Business Purchase or Transfer
- Cap-Acadie
- Dieppe and Riverview
- Equipment or Property (lease or buy)
- Expand a Business
- Fundy Albert
- Maple Hills and all unincorporated areas in Westmorland and Albert counties. We also deliver the Self Employment Benefit and Impact Loan programs to Moncton
- Memramcook
- New Brunswick
- Non-profit Organization
- Salisbury
- Shediac
- Start a Business
- Straight Shores
- Tantramar
- Three Rivers
- Westmorland
- Working Capital
- Youth
About the author
Maurice
