Limestone Trucking Assistance Program
Highlights
This program is designed specifically for businesses like yours. It offers significant financial support to help you grow and innovate. You can receive up to $1,000,000 in financing, with an additional $150,000 available for software or daily operating costs. This funding can be used for a variety of purposes, including operating expenses, restorations, new equipment, and software.
What sets this program apart is its government backing, which provides you with more flexible repayment options. You can choose how to pay it back, with terms extending up to 15 years. This makes it a more attractive option compared to traditional loans.
By being approved for this program, you will have the financial resources to make critical investments in your business. The application process is straightforward, making it easier for you to qualify and start benefiting from the support.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Equipment purchases
- Leasehold improvements
- Research and development
- Marketing and promotional activities
- Training and development for staff
Use of Funds:
- Funds cannot be used for debt repayment.
- Funds cannot be used for personal expenses.
- Funds cannot be used for any activity outside the scope of the business.
Repayment Terms:
- No repayment required, as this is a grant.
Interest Rates:
- Not applicable, as this is a grant.
Fees:
- No application fees.
- No administrative fees.
Qualifications
- Must be a business operating in Nova Scotia.
- Must be involved in agriculture, communities, culture, tourism, heritage, labour, skills, immigration, or natural resources and renewables sectors.
Business must meet specific program criteria for the selected program.
Disqualifications:
- Businesses not operating in Nova Scotia.
- Businesses outside the specified sectors (agriculture, communities, culture, tourism, heritage, labour, skills, immigration, natural resources, and renewables).
Description
This program offers your business up to $500,000 in funding. You can use this money to buy new equipment, improve your facilities, or invest in technology that makes your operations more efficient.
Eligible expenses include:
- Purchasing machinery or equipment
- Upgrading your business premises
- Implementing new technology
The program is designed to help you grow and innovate. You don't have to pay back the money if you meet the program's conditions and use the funds as intended. This means you can focus on expanding your business without worrying about immediate financial pressure.
Key benefits:
- Up to $500,000 in funding
- No repayment required if conditions are met
- Flexible use of funds for equipment, facilities, or technology
This program is a great opportunity to boost your business's capabilities and stay competitive in the market.
Program Steps
Gather Necessary Documentation: Prepare the following documents to complete your application:
- Business registration details
- Financial statements (last two years)
- Business plan
- Tax returns (last two years)
- Proof of address
- Identification documents for all owners
Complete the Application Form: Fill out the application form provided by the program. Ensure all fields are accurately completed.
Submit Supporting Documents: Attach all the necessary documentation to your application form. Double-check to ensure nothing is missing.
Review and Sign: Carefully review your completed application and documents. Sign where required.
Submit Application: Submit your application and supporting documents through the designated submission method (online portal, mail, or in-person).
Follow Up: After submission, follow up with the program office to confirm receipt and check the status of your application.
Await Approval: Wait for the program office to review your application. They may contact you for additional information or clarification.
Receive Approval and Funds: Once approved, you will receive notification and the funds will be disbursed according to the program’s guidelines.