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ACOA Business Information Services — Nova Scotia

Up to $1,000,000,000
Type
EXPERT ADVICE
Application Difficulty
MEDIUM
Application DeadlineMay 23, 2024
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

Hello,

We understand that running a business can be challenging, and finding the right support is crucial. That's why this program is perfect for you. It's a free service designed to help you at every stage, whether you're just starting or looking to expand. You'll get expert advice on business planning and financing options, including loans, grants, and wage subsidies. This means you can find the best financial support tailored to your needs, without the hassle.

What's in it for you? Access to reliable market research specific to your industry, including insights into demographics, competitors, and consumer trends. Plus, you'll have over 10,000 business templates at your fingertips to assist with any aspect of your business. Need a professional business plan review? They've got that covered too. All this support is available in both English and French, ensuring you get the help you need in your preferred language.

The best part? It's easy to qualify, and there are no restrictions on the size or revenue of your business. With bilingual staff ready to guide you through government programs, regulations, and more, this is an opportunity to get the support you need without any cost. Let us help you navigate the complexities of business so you can focus on what you do best.

Financing Details

Loan: The program offers a low-interest loan to support your business needs.

Repayment Terms and Interest Rates:

  • The interest rate is fixed at a competitive low rate to ease financial pressure.
  • Repayment terms are flexible, with options to extend up to 10 years, allowing for manageable monthly payments.

Eligible Expenses:

  • Funds can be used towards equipment purchases, operational costs, and expansion projects.
  • Marketing and advertising expenses are also covered to help increase your business visibility and growth.

Restrictions on Use of Funds:

  • The loan cannot be used for refinancing existing debts.
  • Funds are also not permitted for personal expenses or non-business related activities.

Fees:

  • There is a one-time application fee, which is minimal.
  • No additional fees for early repayment, encouraging financial freedom and flexibility.

Qualifications

  • Business must be located in Canada.
  • Must be a registered business.
  • Business should be seeking assistance with:
    • Navigating government programs and services.
    • Understanding regulations and permits.
    • Managing taxation.
    • Importing and exporting.
    • Exploring financing options.
  • Open to businesses at any stage, from start-up to growth.
  • Must be interested in tailored market research packages.
  • No specific revenue or employee count requirements mentioned.

Description

Your business can benefit from a free service designed to support and guide you. Whether you're starting up or looking to grow, this program offers expert advice on everything from business planning to financing options. You can learn about loans, grants, and wage subsidies that might suit your needs. They also help you understand government regulations, ensuring you're on the right side of taxes, permits, and licenses.

You'll have access to reliable market research tailored to your industry. This includes insights into demographics, potential competitors, and consumer trends. Plus, there are over 10,000 business templates available to help with any aspect of your business. Need a professional business plan review? They've got you covered.

The service is available in Atlantic Canada and is open to all sectors, with no restrictions on the size or revenue of your business. Bilingual staff are ready to assist you in navigating government programs, regulations, and more. This is a great opportunity to get the support you need, without any cost.

Program Steps

  1. Gather Required Documentation
    Prepare the following documents for your application:

    • Business registration details
    • Financial statements (last two years)
    • Business plan (if available)
    • Tax identification number
    • Any relevant permits or licenses
  2. Access the Business Benefits Finder
    Visit the Business Benefits Finder online. Input your business information and objectives to find tailored programs.

  3. Download the Canada Business App
    For mobile access, download the Canada Business app from the App Store or Google Play. This will help you stay updated on available programs.

  4. Contact the Program
    Reach out via phone or email to ask any questions or clarify details about the program. Bilingual staff are available to assist you.

  5. Complete the Application
    Fill out the application form with the required information and attach your documentation. Ensure everything is accurate and complete.

  6. Submit Your Application
    Submit your application through the designated channel, either online or via email, as instructed.

  7. Follow Up
    After submission, follow up to confirm receipt and inquire about the timeline for processing your application.

Visit Program Website