Opportunities New Brunswick — Mentorship
Highlights
Hello,
Imagine having a dedicated expert by your side, guiding you through the maze of business growth. That's exactly what this program offers. You'll be paired with a dedicated executive who knows your industry inside out. This isn't just any advisor; it's someone who understands your unique situation and is committed to helping you launch, grow, or relocate your business in New Brunswick.
Why should you apply? There are no funding limits or employee requirements, making it accessible for businesses of all sizes and sectors. Whether you're aiming to expand your reach or explore new markets, this program provides the expertise and connections you need. New Brunswick's thriving business community and export-friendly location are just the icing on the cake. This program helps you leverage these advantages, giving you the tools to reach new heights.
What's in it for you? Flexibility and support. With no set budget or end date, you can plan and execute your business goals with confidence. You'll have access to exceptional resources and incentives, all tailored to your business needs. It's not just about financing; it's about having a strategic partner to fast-track your success.
Financing Details
Loan: The program offers a low-interest loan designed to support your business's growth, relocation, or launch efforts.
Interest Rates and Repayment Terms:
- The interest rate is competitive and fixed, ensuring stability in your financial planning.
- Repayment terms are flexible, with options to extend up to 10 years, depending on your business needs and loan amount.
- There is a grace period of 6 months where only interest payments are required, helping you manage cash flow more effectively in the initial stages.
Eligible Expenses:
- Funds can be used towards equipment purchases, facility upgrades, and other capital investments that directly contribute to business expansion or establishment.
- Operational costs such as marketing, staff training, and product development are also covered to support your business's growth and competitive edge.
Restrictions on Use of Funds:
- The loan cannot be used to refinance existing debt.
- Funds are also not eligible for non-business related expenditures or the purchase of real estate.
Fees:
- There is a one-time application fee, which is modest and designed to cover administrative costs.
- No additional fees for early repayment, allowing you more flexibility in managing your finances as your business grows.
Qualifications
- Business must be located in New Brunswick or planning to relocate there.
- Business should be in the process of launching, growing, or relocating.
- Business must be open to receiving advice and support from a dedicated executive.
- Business should be involved in exporting products or services to new markets.
- Business must be part of a thriving business community in New Brunswick.
Description
Your business can tap into a wealth of resources and support through this program. You'll be paired with a dedicated executive who understands your industry and unique situation. This expert will guide you in launching, growing, or relocating your business in New Brunswick.
No funding limits or employee requirements mean that businesses of all sizes and sectors can benefit. Whether you're looking to expand your reach or find new markets for your products, this program offers the expertise and connections you need.
New Brunswick offers a thriving business community and export-friendly location. This program helps you leverage these advantages, making it easier to grow your business and reach new heights. With no set budget or end date, you have the flexibility to plan and execute your business goals with confidence.
Program Steps
Contact ONB: Reach out to Opportunities New Brunswick to express your interest in the program. You can do this via their website or by phone.
Prepare Documentation: Gather the necessary documents to support your application. You will likely need:
- Business registration documents
- Financial statements (last two years)
- Business plan outlining your goals and strategies
- Market analysis or research relevant to your industry
- Any relevant licenses or permits
Complete the Application Form: Fill out the application form provided by ONB. Ensure all sections are completed accurately.
Submit Your Application: Send your completed application along with the required documentation to ONB. Make sure to keep a copy for your records.
Schedule a Meeting: Once your application is submitted, schedule a meeting with your dedicated executive. They will guide you through the next steps and answer any questions.
Follow Up: Keep in touch with ONB to check on the status of your application and to stay informed about any additional requirements or updates.
Prepare for Consultation: Be ready to discuss your business needs and goals during your meeting with the dedicated executive. This will help them tailor their support to your specific situation.
