Community Business Development Corporation (CBDC) Eastern Innovation Loan
$150,000.00
Loan
Description:
The Innovation Loan provided by CBDC Eastern aims to boost business productivity and efficiency in rural communities throughout Atlantic Canada. These pioneering technologies might encompass adapted or repurposed existing methods for commercial use. Additionally, the loan can offer funding for the creation of new products or services, along with backing training programs.
Comments on Funding:
Funding is a loan of up to $150,000.
Continuous Intake
Eligibility:
Applicants must:
1. be new or existing entrepreneurs;
2. have commitment and dedication to the project;
3. have rural based businesses located in the service area of CBDC Eastern that meet these requirements:
a) year-round and seasonal businesses;
b) have a realistic prospects of economic viability.
c) demonstrate employment creation and/or maintenance;
d) demonstrate revenue potential.
Application Steps:
For details about application process, applicants must reach out to CBDC Eastern team through:
Phone: (709) 466-1170
https://www.cbdc.ca/contact.
Documentation Needed:
For details about documentation requirements, applicants must reach out to CBDC Eastern team through:
Phone: (709) 466-1170
https://www.cbdc.ca/contact.
Other Things to Note:
- All
- and all communities on the Bonavista Peninsula
- Between Arnold’s Cove to Port Blandford
- Eastern Region
- George’s Brook – Milton to Burgoynes Cove
- Goobies to Swift Current
- Newfoundland and Labrador
- Non-profit Organization
- Random Island
- Southwest Arm (Queens Cove to Southport)
- Technology Adoption
- Train Employees/Skill Development
About the author
Maurice
