Community Business Development Corporation (CBDC) South Shore Opportunities Inc. Youth Loan
$150,000.00
Loan
Description:
The Youth Loan initiative offered by CBDC South Shore Opportunities Inc. 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 South Shore Opportunities Inc.
Application Steps:
For details about application process, applicants must reach out to CBDC South Shore Opportunities Inc. team through:
Phone: 902-354-2616
Email: sso@cbdc.ca
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
