Hello,

If you're aiming to start, expand, or modernize your business in rural or semi-urban Atlantic Canada, this program is tailored for you. With access to up to $150,000 in loans, you can turn your business dreams into reality. Whether you're launching a new venture or purchasing an existing one, this funding can be a pivotal step forward.

What sets this program apart is its flexible repayment options. You can repay the loan in a way that aligns with your cash flow, making it ideal for businesses with seasonal variations. Plus, you can make lump sum payments or pay off the loan early without penalties. This flexibility can ease financial pressures and help you focus on growth.

Beyond financing, you'll benefit from valuable business counseling and training. This means expert guidance is available to help you tackle challenges and seize opportunities. Think of it as having a business mentor who understands your local market and is dedicated to your success. It's a comprehensive package designed to support your business journey.

Loan Type: The financing provided is in the form of a repayable loan. This means that the money borrowed must be paid back under agreed terms.

Repayment Terms and Interest Rates: The interest rate typically starts at prime + 2.00%. Repayment flexibility is a key feature, accommodating seasonal business fluctuations. You can make lump sum payments or fully repay the loan at any time without penalty, which can significantly reduce the interest cost over time.

Eligible Expenses: The loan can be used for starting, expanding, or modernizing your business. This includes but is not limited to purchasing equipment, inventory, and funding other operational needs that contribute to the business's growth and sustainability.

Restrictions on Use of Funds: It is important to note that the funds cannot be used for real estate development or debt consolidation. These restrictions are in place to ensure that the financing is directed towards productive business growth and development activities.

Fees: Some CBDCs might charge an application or administration fee, which usually reflects a percentage of the loan amount. These fees are typically minimal and are the only additional costs outside of the loan repayment and interest.

Looking to start, expand, or modernize your business in rural or semi-urban Atlantic Canada? This program is designed to help you do just that. You can access up to $150,000 in loans to support your business goals. Whether you're launching a new venture or buying an existing one, this funding can be a game-changer.

The best part? Flexible repayment options mean you can pay back the loan in a way that suits your business's cash flow. You can even make lump sum payments or pay off the loan early without any penalties. This flexibility is especially useful if your business experiences seasonal fluctuations.

But it's not just about the money. You'll also get access to valuable business counseling and training. This means expert advice is at your fingertips, helping you navigate challenges and seize opportunities. It's like having a business mentor who understands your local market and is committed to your success.