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Business Link — Immigrant Services

Up to $1,000,000,000
Type
EXPERT ADVICE
Application Difficulty
EASY
Application DeadlineMay 22, 2024
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

Hello,

Starting a business in a new country is no small feat, but this program is designed to make your journey smoother. You'll receive one-on-one support and coaching, offering personalized advice tailored to your unique needs. This guidance will help you navigate Alberta's business landscape with confidence. Imagine having a dedicated advisor to help you understand the ins and outs of Canadian business practices—it's like having a local business expert by your side.

The program also provides resources in multiple languages, including guidebooks and checklists. This means you can access valuable information in a language you're comfortable with, making it easier to grasp essential business concepts and improve your skills. Plus, you'll have the opportunity to attend training and workshops. These sessions are crafted to enhance your understanding of the local market and boost your business acumen, equipping you to grow your business and make a positive impact in your community.

What's in it for you? By participating, you gain access to a wealth of knowledge and support that can propel your business forward. It's an opportunity to build a solid foundation for success in Alberta. And the best part? It's designed with you in mind, making it straightforward to qualify and get started.

Financing Details

Loan: This program offers a repayable loan designed to support your business growth.

Repayment Terms and Interest Rates:

  • The loan comes with a competitive interest rate, ensuring affordability.
  • You have the flexibility to choose between a fixed or variable interest rate, depending on what suits your business best.
  • Repayment terms are generous, extending up to 10 years, which allows for manageable monthly payments.

Eligible Expenses:

  • Funds can be used towards equipment purchases, leasehold improvements, and operational expenses such as payroll and rent.
  • Marketing and advertising costs are also covered, helping you to expand your customer base.

Restrictions on Use of Funds:

  • The loan cannot be used for debt refinancing or purchasing real estate.

Fees:

  • There is a one-time application fee, which is minimal and detailed in your loan agreement.
  • No ongoing maintenance fees are associated with this loan, keeping your costs down.

Qualifications

  • Must be an immigrant or newcomer to Canada.
  • Business must be located in Alberta.
  • Must be starting or currently running a small business.

Description

Starting a business in a new country can be challenging. This program is here to make it easier for you. You’ll get one-on-one support and coaching to help you navigate the business landscape in Alberta. This means personalized advice tailored to your needs, ensuring you have the guidance to succeed.

Access to resources in multiple languages is another key benefit. Whether you need guidebooks, checklists, or educational materials, you’ll find them in a language you understand. This makes it simpler to grasp Canadian business practices and improve your skills.

You’ll also have the chance to participate in training and workshops. These sessions are designed to boost your understanding of the local market and enhance your business acumen. With these tools, you’re better equipped to grow your business and make a positive impact in your community.

Program Steps

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

    • Business registration documents
    • Proof of identity (e.g., passport, driver's license)
    • Business plan or outline
    • Financial statements (if applicable)
    • Any relevant permits or licenses
  2. Complete the Application Form
    Fill out the application form accurately. Ensure all information is clear and complete.

  3. Submit Your Application
    Send your completed application along with the required documentation to the designated program contact.

  4. Attend an Initial Consultation
    Schedule and attend a one-on-one consultation with a program advisor. This meeting will help you understand the next steps and tailor the support to your needs.

  5. Participate in Training and Workshops
    Engage in any available training sessions and workshops to enhance your understanding of the local market and business practices.

  6. Follow Up
    After submission, check in with the program contact to confirm receipt of your application and inquire about the timeline for processing.

Visit Program Website