ACOA Business Information Services — Prince Edward Island
Highlights
Hello,
Running a business is no small feat, and we understand the challenges you face. That's why there's a program tailored just for you. This service offers free expert advice to help you navigate the complexities of business planning, government regulations, and financing options. Whether you're just starting out or looking to grow, this program provides personalized support in both English and French, ensuring you have the guidance you need.
What's in it for you? Access to tailored market research that helps you understand your industry better, making informed decisions a breeze. Plus, you can get assistance with taxes, permits, and even importing and exporting goods. Need a business plan review or access to over 10,000 business templates? They've got that covered too. It's like having a business mentor available whenever you need one, without any cost.
This service is available to all sectors in Atlantic Canada, with no restrictions on the size or revenue of your business. It's a valuable resource that can help simplify your business journey, allowing you to focus on what you do best. Take advantage of this opportunity to make running your business easier and more efficient.
Financing Details
Loan: The financing provided is in the form of a repayable loan, designed to support your business operations and growth.
Interest Rates and Repayment Terms: The loan features a competitive interest rate, which is fixed to ensure predictability in your financial planning. Repayment terms are flexible, with options to extend up to 10 years, allowing you to manage cash flow effectively according to your business needs.
Eligible Expenses: Funds from this loan can be used towards a variety of business-related expenses, including but not limited to equipment purchases, operational costs, and property leases. This flexibility ensures that you can allocate resources in a way that best supports your business objectives.
Restrictions on Use of Funds: It is important to note that the loan cannot be used for refinancing existing debts or for non-business related expenditures. This ensures that all funds are directed towards productive, growth-oriented activities.
Fees: There is a one-time application fee and a minimal annual service fee associated with this loan. These fees are structured to be affordable to ensure that they do not present a barrier to accessing the financing.
Qualifications
- Location: Must be a business operating within Canada.
- Language: Must be able to communicate in either of Canada's official languages, English or French.
- Business Stage: Open to businesses at any stage, from start-up to growth.
- Industry: Applicable to businesses across various industries.
- Business Type: Must be a legally operating business, adhering to government regulations such as taxes, permits, and licenses.
- Market Research Needs: Businesses requiring tailored market research packages are eligible.
- Financing Needs: Businesses seeking information on financing options like loans, grants, and wage subsidies qualify.
- Import/Export Activities: Businesses involved in or planning to engage in importing and exporting can apply.
Description
Running a business can be challenging, but there's a program designed to make things easier for you. This service offers free expert advice to help you start or grow your business. Whether you need help with business planning, understanding government regulations, or exploring financing options, this program has you covered. You can also access tailored market research to understand your industry better and make informed decisions.
The program provides personalized support in both English and French. You can get assistance with everything from taxes and permits to importing and exporting goods. Need a business plan review or access to over 10,000 business templates? They've got that too. It's like having a business mentor available whenever you need one.
This service is available to all sectors in Atlantic Canada, with no restrictions on the size or revenue of your business. It's a valuable resource that can help you navigate the complexities of running a business, ensuring you have the information and tools you need to succeed. Take advantage of this opportunity to simplify your business journey and focus on what you do best.
Program Steps
Gather Required Documentation
Prepare the following documents for your application:- Business registration documents
- Financial statements (last two years)
- Business plan (if available)
- Tax identification number
- Any relevant permits or licenses
Access the Business Benefits Finder
Visit the Business Benefits Finder online. This tool helps you identify programs that suit your business needs.Complete the Online Questionnaire
Fill out the questionnaire with information about your business and objectives. This will help tailor the support you receive.Submit Your Application
Once you have completed the questionnaire, submit your application through the platform.Schedule a Consultation
After submission, schedule a consultation with a program advisor. They will guide you through the next steps and answer any questions.Review Your Options
Discuss the various support options available to you, including expert advice, market research, and templates.Follow Up
Keep in touch with your advisor for ongoing support and to ensure you’re making the most of the resources available.
